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Germany

Legal form:

GmbH, AG

Delivery:

3 weeks

Price: $

4000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Unternehmensregistrer

Abbreviation

Country

Germany

Phone

+49 221 - 9 76 68-0

Listing
UK comapny formation (1).webp

About

Germany

Capital
Official languages
Population 
Currency

ISO 4217

Berlin

German

83.02 million

Euro

EUR

FAQ

FAQ for company formation in Germany:


1. What is the legal entity type for a company in Germany?

The most common legal entity types for companies in Germany are the GmbH (limited liability company) and the UG (haftungsbeschränkt), which is similar to a GmbH but with a lower minimum share capital.


2. What is the minimum share capital required to set up a GmbH in Germany?

The minimum share capital required to set up a GmbH in Germany is €25,000, and the share capital must be fully paid in before the company can be registered.


3. How long does it take to register a company in Germany?

The time required to register a company in Germany can vary depending on the complexity of the company structure and the workload of the relevant authorities. In general, it can take anywhere from a few weeks to a few months.


4. Do I need to have a German address to set up a company in Germany?

Yes, you will need to have a registered address in Germany to set up a company there. This can be either a physical address or a virtual office.


5. What are the tax obligations for companies in Germany?

Companies in Germany are subject to corporate income tax, which is currently set at a rate of 15%. Additionally, companies may be subject to value-added tax (VAT) and other taxes depending on the nature of their business.


6. What are the accounting and reporting requirements for companies in Germany?

Companies in Germany are required to maintain proper accounting records and to submit annual financial statements to the relevant authorities. The format and content of these financial statements may vary depending on the size and legal structure of the company.


7. Can foreigners own a company in Germany?

Yes, foreigners can own and operate a company in Germany. However, there are some restrictions on ownership and investment in certain industries, such as defense and telecommunications.


8. Do I need a lawyer to set up a company in Germany?

It is not required to have a lawyer to set up a company in Germany, but it is highly recommended. A lawyer can help you navigate the legal requirements and procedures, as well as advise you on issues related to taxation, employment, and contracts.


9. Are there any special incentives or grants available for foreign investors in Germany?

Yes, there are a number of incentives and grants available for foreign investors in Germany, including tax breaks, subsidies, and financing programs. These incentives vary depending on the location and nature of the investment.


10. How can I find more information about setting up a company in Germany?

You can find more information about setting up a company in Germany on the websites of the relevant authorities, such as the Federal Ministry for Economic Affairs and Energy and the Federal Ministry of Finance. Additionally, you may want to consult with a lawyer or a professional services firm with experience in company formation in Germany.

Economy

Germany has one of the strongest economies in the world. According to the World Bank, Germany's GDP in 2019 was $3.86 trillion, making it the fourth largest economy in the world. The country also has a very low unemployment rate of 5.1%, which is one of the lowest in the European Union. Germany is also a major exporter, with exports totaling $1.3 trillion in 2019. The country is also a major importer, with imports totaling $1.1 trillion in 2019. Germany is also a major player in the global financial markets, with a total of $3.2 trillion in assets held by German banks. Overall, Germany has a strong and stable economy that is well-positioned to continue to grow in the future.

Taxation

Corporate Taxation:

Companies in Germany are subject to a corporate tax rate of 15%. In addition to corporate tax, companies may also be subject to other taxes such as trade tax, value-added tax (VAT), and capital gains tax.


Personal Taxation:

Individuals in Germany are subject to a progressive income tax system, which ranges from 0% to 45% depending on their income level. The tax rate starts at 0% for individuals earning up to €9,408 annually and gradually increases up to 45% for individuals earning over €270,501 annually.


Tax Payment Process:

The tax year in Germany runs from 1st January to 31st December of the same year. Both individuals and corporations are required to file their tax returns annually, with the deadline for filing being in May of the following year.


Taxpayers can make their payments at any authorized bank or online through the German tax authorities' website. In addition to income tax, taxpayers may also be subject to other taxes such as capital gains tax, inheritance tax, property tax, and solidarity surcharge.


The German tax system is also known for its "Steuerklasse" or tax class system, which determines the amount of income tax an individual must pay based on their marital status and number of children.


In summary, the tax system in Germany is based on a progressive income tax system for individuals, with tax rates ranging from 0% to 45%. Corporations are subject to a corporate tax rate of 15%, as well as other taxes such as trade tax and VAT. The tax year runs from January 1st to December 31st with the deadline for filing tax returns being in May of the following year. Taxpayers can make their payments at any authorized bank or online through the German tax authorities' website.

Company incorporation application form

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Main business activity

Legal address of director

Extra services

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