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Publication date: 24.11.2024
General requirements for proof of solvency
Successful business migration requires a thorough review of documents by a lawyer and a legal analysis of the applicant's financial solvency. An experienced lawyer in Poland will help you to properly prepare and structure all the necessary documents. It is important to understand that the process of proving solvency requires a comprehensive approach and consideration of many factors.
Main sources of proof of financial solvency:
- Bank accounts and deposits
- Real estate and assets
- Operating business and its profitability
- Investment portfolio
- Regular income from various sources
Qualified legal analysis of documents will help determine the most convincing evidence of solvency.
Documentary evidence of available assets
When preparing documents, the service of legal analysis of documents and legal advice on their execution is important. A professional online lawyer will help you collect the necessary documentation package.
Necessary documents to confirm assets:
- Bank statements
- Documents of ownership
- Property appraisal reports
- Insurance policies
- Investment certificates
- Documents on corporate rights
A competent legal analysis of the situation will ensure that all documents are properly executed.
Business planning and financial forecasts
An important component is the preparation of a convincing business plan. An experienced online lawyer will conduct a legal opinion of a lawyer and provide written advice on its preparation.
Question
What are the main financial indicators that a business plan for business migration should contain?
Answer
The business plan should include the projected turnover of funds, planned profitability, calculation of the break-even point, investment plan and its payback, forecast of job creation and tax deductions, as well as a detailed financial plan for 3-5 years.
Confirmation of income from current activities
A thorough legal analysis and legal opinion of a lawyer is required to prove the stability of income. An experienced lawyer in Warsaw will help you structure information about your current income.
Key documents to prove income:
Tax returns
Financial statements
Contracts with counterparties
Cash flow statements
Dividend documents
Income statements
A professional legal opinion will provide convincing proof of your income.
Guarantees and sureties
If you need additional guarantees, it is important to consult a lawyer and analyze the legal options for securing them. A qualified lawyer will help you prepare the relevant documents.
Options for additional guarantees:
- Bank guarantees
- Corporate guarantees
- Insurance policies
- Collateral for property
- Letters of guarantee from partners
A competent legal analysis of the situation will help you choose the most convincing forms of guarantees.
Banking history and financial reputation
An important aspect of proving solvency is to confirm a positive banking history. A professional legal analysis of the situation and legal advice will help you to prepare the banking documentation correctly. An experienced online lawyer will provide recommendations on how to build a convincing financial profile.
Key elements of banking history:
- Stability of cash flow
- Absence of overdue loans
- Regularity of banking operations
- Availability of reserve funds
- History of international transactions
Competent legal analysis of documents will ensure a positive perception of your financial reputation.
Structuring of business assets
When preparing documentation, it is important to properly structure your existing business assets. A qualified lawyer in Poland will conduct a legal opinion and provide written advice on the optimal structure.
Main categories of business assets:
- Production facilities
- Inventories
- Intellectual property
- Technological equipment
- Vehicles
- Corporate rights
A professional legal opinion from a lawyer will help you to present your assets in the most effective way.
Tax history and compliance
An impeccable tax history is important for a successful business migration. An experienced online lawyer will conduct a legal analysis and legal analysis of tax compliance documents.
Question
What tax documents are most important to confirm solvency?
Answer
The most important are tax returns for the last 3 years, certificates of no debts, documents on payment of taxes and fees, reports on tax deductions, as well as confirmation of timely reporting.
International financial transactions
When conducting international transactions, a thorough legal analysis and legal advice on their documentary confirmation is required. An experienced lawyer in Warsaw will help you prepare the relevant documentation.
The main aspects of international transactions:
Currency transfers
Foreign economic contracts
International investments
Export-import operations
International settlements
Documents on the origin of funds
Professional legal analysis of the situation will ensure transparency of all international transactions.
Financial reporting and audit
High-quality financial statements are an important proof of solvency. A qualified attorney will have the documents reviewed by a lawyer and provide the necessary recommendations for their preparation.
Key financial documents:
- Balance sheet of the company
- Profit and loss statement
- Statement of cash flows
- Audit reports
- Management reporting
A competent legal opinion will ensure the proper presentation of financial information.
Proof of solvency for business migration to Poland is a complex process that requires professional legal support and detailed analysis of documents. A qualified legal opinion and legal analysis of the situation will help to properly structure and submit all the necessary materials. To successfully resolve this issue, we recommend that you contact the legal marketplace CONSULTANT, where you can get professional help from experienced specialists. Our specialists will conduct a detailed legal analysis and provide comprehensive support of your case until its successful completion. Do not risk your future business - entrust the preparation of documents to professionals.
