Frequently Asked Questions about Germany Company Formation

Many foreign investors wanting to open a company Germany are interested what the registration procedure implies and what to do in order to start operating as soon as possible. Our specialists in company formation in Germany have answered some of the most frequently asked questions related to starting a business in this country.

1.Can a non-resident start a company in Germany?
Yes, foreign entrepreneurs can open a company in Germany provided that they respect the requirements of the Commercial Code.

2.Does the company have to be based in Germany?
Yes, a company must have a registered address in Germany.

3.What types of companies can I open in Germany?
There are several types of companies you can open in Germany. These are limited liability companies, which are also the most popular, joint stock companies
 and general and limited partnership. Individuals can also start sole traders in Germany.

4.What is the minimum share capital in Germany?
You will need 25,000 euros to start a limited liability company and 50.000 euros for opening a business in Germany as a joint stock company or a limited partnership in Germany.

5.What are the basic steps for setting up a company in Germany?
First you have to reserve a company name with the German Trade Register, then have the Memorandum and Articles of Association drafted and deposit the required share capital. Once the documents are submitted and the company receives its Certificate of Incorporation it must register for taxation purposes and for social security.

6.What are the documents needed for setting up a company in Germany?
The most important documents are the Memorandum and Articles of Association. Our consultants in company registration in Germany can prepare them for you.

7.How fast can you open a company in Germany?
It takes about two weeks for the company registration procedure to be completed.

8.Do I need special permits and licenses for opening a business in Germany?
Depending on the type of activity, you may be required to apply for certain special licenses.

9.How can I open a bank account in Germany?
It is very simple to open a bank account in Germany by making an appointment with a representative. You must have you passport or ID on you. For opening a corporate bank account you can request the services of our German experts.

10.What are the taxes that I have to pay after setting up my company in Germany?
Taxes in Germany are levied at federal, state and local levels. The most important taxes are the income tax for individuals and the corporate tax for companies. The corporate tax rate in Germany is 15%, but an additional 5.5% solidarity charge also applies.

 

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