The regulations on family foundations have been in force for almost two and a half years. Interest in this form of securing and accumulating of assets has exceeded the wildest expectations of its creators. Today, there are over 2,200 such entities operating in Poland, and this number is continuing to grow.
What makes family foundations such a popular choice among Polish entrepreneurs? What are their advantages and disadvantages? Who really benefits from this solution and are there other, equally advantageous ways of securing company assets?
And, most importantly, what risks, especially tax risks, should be taken into account when considering setting up a family foundation?
Family Foundations are both an effective tool for managing family capital, and an extremely attractive tax structure that allows CIT payments to be deferred until the money is paid out to beneficiaries, which is a huge advantage. However, this benefit is subject to many conditions.
We’ll answer these and other questions on October 16, during a meeting devoted to family foundations and their functioning to date.
We’ll also look at the practical aspects of the process of establishing and organizing family foundations and clarify any doubts that have arisen in the context of the current regulations, presenting specific examples and the current state of tax law in this area.
I invite you to join us.
PROGRAM
Capital
- What are family foundations for and how are they set up?
- Foundation beneficiaries
- If not a family foundation, then what?
- Correctly setting up a family foundation so that it fulfills its goals
- Running a business “under a foundation”
- Restrictions on permissible business activities (interpretation of regulations)
- Pros and cons of family foundations from a business perspective
- Q&A
Speaker Mirosław Malczewski – Kochański & Partners
Taxation
- A brief overview of the taxation and payment rules for family foundations (CIT and PIT)
- Planned changes to the taxation rules for foundations, and the reasoning behind them
- Interpretative practice of tax authorities, including issues such as the establishment of family foundations by spouses and the contribution of shares in foreign companies
- Q&A
Speaker Agata Dziwisz-Moshe – Kochański & Partners
Finance / Family foundations – a treasure trove of values and assets
- The role of the bank (the Family Office) in succession planning
- Assets and finances of family foundations
- Securities and financing of family foundations
- Q&A
Speaker: Hubert Henryk Królak – Bank Pekao S.A.
AGENDA
17:30 – 18:00 Registration & coffee
18:00 – 18:05 Welcome
18:05 – 18:45 Capital
18:45 – 19:25 Tax
19:25 – 20:05 Financial
20:05 – 20:45 Networking, finger foods & a glass of wine
Who is this event for?
For those who have: established or are considering establishing a family foundation, run a business exposed to personal liability and are thinking about securing their private assets, as well as specialists who are or may be involved in providing legal or accounting services to family foundations.
Read more about PEKAO Bank’s Family Office or download the PDF.
Hubert Henryk Królak
Director of the Private Banking Development Department at Bank Pekao S.A.
Hubert has over 20 years of experience in banking and financial markets. A management practitioner and manager in large financial institutions, including Raiffeisen Bank Polska, mBank, and currently Bank Pekao S.A.
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Participation in the event is free of charge, but requires registration and acceptance. The organizer reserves the right to select applications or to cancel the event.
Venue: Hotel Stary, ul. Szczepańska 5, Krakow. Places is limited, and applications will be considered on a first come, first served basis.