Germany Company Registry

Germany Country Overview

Official name

Federal Republic of Germany

Location

Central Europe

Capital

Berlin

Population

82.79 m

Official language

German

Currency

Euro

Government

Federal

parliamentary republic

Gross domestic product

(GDP) 2019

$4.444 trillion (5rd)

Company Formations in Germany

Economy Overview in Germany

 

Germany has one of the top economies in Europe and also in the world. This country attracts numerous foreign investors who want to start new companies. Germany is actually one of the preferred destinations in the world as far as foreign investment is concerned. Also, Germany is the second most important exporter in the world. stable labor relations are great importance for the employees in Germany.

Foreign investors who interested in start a business in Germany can get in touch with our team of local consultants, who can successfully assist them with the company registration process.

 

Special incentives in Germany

German government consider plenty of incentives for who wants to doing business there, direct subsidies, grants, and loans are examples of tax incentives for that. Special investment programs can also be implemented at a federal or regional level, this is the reason, we recommend that investors contact us before starting new projects. We can help entrepreneurs find suitable solutions in terms of tax incentives for their type of business. This country is well known for its special focus on research and development projects but other business areas such as those concerning renewable energy, social housing, health care agriculture and the recruitment of long-term unemployed individuals can benefit from various assistance.

 

The company incorporation procedure in Germany

 

Steps for company formation in Germany

 

Step 1

Decide which Company is meet your needs. It can be the limited liability company, the joint stock company or the partnership.

our consultants can help you to make right decision.

 

Step 2

Consider a name for your company then we check the availability of your preferred company name.

 

Step 3

We prepare all the documents for the formation of a business and do all paper works.

 

Step 4

the formation ends with registering the company in the commercial register. At this point, your company officially registered successfully!

 

Process of company formation

The documents must be submitted in an electronic form. The registration of the new legal entity is recorded by the Commercial Register on an electronic platform.

After the submission of the documents, company incorporation in Germany continues by applying for the trading license from the local Office of Business and Standards followed by the registration with the statistical office and at the chamber of industry and commerce and the labor office. The labor office will issue an eight-digit operating number which must be reported for social security purposes. The entity must then apply for the federal health insurance office. A notification must be sent to the Tax Office which reports the formation of the new business entity, this leading to the registration for the corporate taxes and VAT.

 

After the company is registered, the business can start its commercial activity. Most of the German companies will also hire employees soon after they are incorporated. Employers have access to a well-trained workforce, and they can recruit either on job websites or by working with recruitment agencies. The selection process is important so that the employees can find suitable candidates for the open position.

 

Companies are required to comply with the local accounting, filing and audit rules. The German Generally Accepted Accounting Principles are the standard that is followed for accounting purposes, along with the International Financial Reporting Standards. Medium and large companies need to comply file the annual financial statements, the management report and other supporting documentation within three months following the end of the financial year (which can also be the calendar year). These types of companies must also audit these documents.

 

Types of companies in Germany

 

German GMBH

GmbH-Private Limited Liability Company can be incorporated in Germany by at least one investor with a minimum share capital of 25,000 €. The company’s capital can be submitted in cash (in this case, the value of the assets must be shown specifically in the articles of association). One issue to consider is that the shares of the German GMBH cannot be transferred to the public nor registered at the Stock Market. The General Shareholder’s Meeting is the one that ensures the management of the GMBH. The day-to-day corporate decisions are made by the company’s director which is appointed by the general meeting of the shareholders.

 

AG-German Joint Stock Company

This is suited to large businesses because of the possibility to increase the initial capital through the registration of the shares to the Stock Market. The German AG requires a share capital of minimum 50,000 EUR. The members are only liable up to the amount they have contributed to the capital, just like in the case of the joint stock companies. The management is assured by the management board which is checked periodically by a supervisory board which is formed by at least three members. For this business type, the accounts must be evaluated by a statutory auditor.

 

German Limited Partnership 

Formed by two types of partners: the silent partners who must bring a contribution to the entity’s capital and has limited liability to the extent of that contribution and the general partners who don’t necessarily make a contribution to the entity’s capital but who have unlimited liability for the entity’s debts and who can claim profits. The general partners are those who have decisional powers in the German limited partnership while the silent partners cannot participate in any of the management decisions.

 

Sole Trader

Formed by a single individual with his own personal assets and no protection from liability in case the entity is facing bankruptcy.

 

Branch

Branches are also popular methods of entering the German market and many foreign investors choose it as the first step in their business path. The branch is not a legal entity, this is why its assets and liabilities belong to the parent company. You can reach out to our contact our company formation specialists in Germany for more details regarding the particularities of these types of structures.

 

why register a company in Germany

  • Strong economies
  • High technologies
  • Expert labor force
  • strong consumer market
  • attention to the foreign investors

 

Immigration

Title Element

Consultation

Investment

Foreign investments in Germany

 

Germany is a country that welcomes foreign investors and the Government supports initiatives that create new jobs. The foreign trade law sets forth the main conditions in which foreign entrepreneurs may enter the market. There are a few limitations, namely in areas like defense and there are requirements to maintain public order.

 

Foreign investors in Germany enjoy the same rights for opening a company, for applying for special permits and licenses, applying for building permits as well as obtaining investment incentives. Company formation in Germany is a straightforward process, however, some investors may find that the language is a barrier. In these cases, we recommend that you reach out to our team who has worked with foreign investors and who can help with the communications needed with various German authorities. We can act as a liaison so that you can start the company formation procedures as smoothly as possible.

Require documents:

The following documents are to be submitted to the German Commercial Register in order to start the registration process:

  • an application for registration
  • the notarized articles of association
  • a document showing the management board structure
  • a certificate showing that the share capital was deposited

VAT/TVA Registration:

Ready Made Companies:

Requirements for registering a branch in Germany:

F.A.Q.

How long does the company registration in France take?

There isn’t a standard timeframe for the registration process of a company.

Is it hard to open a company in France as a foreigner?

There are no specific requirements related to the nationality or residency of company directors in France.

Can I open a bank account remotely for my company in France?

The bank opening process in France requires the presence of a company representative, so your presence will be required.

Can I benefit from France’s double tax agreements in order to reduce my taxes?

You can benefit from these agreements as long as France has signed such a treaty with your home country; however, France offers many tax deductions and exemptions to foreign investors.

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