5 types of registration to do to form a company in Germany in one month

Are you someone who is looking to open a company in Germany? Germany is the largest economy in Europe and ranks as the fourth- the largest global economy. Odint Consulting, International market entry specialist, in India can help you to set up a proper company in Germany. Here, we bring you a list of the best ways to open a company in Germany within 30 days as an entrepreneur.

Germany company formation

Among the early stages for starting a company in Germany, the drafting of the articles of association and all other required documents, such as the specimen signatures, few of passport copies and some forms from the company registration office. Investors must formally sign part of the documents in front of a public notary in Germany.

Company registration in Germany

Aufenthaltstitel: If you are not an EU citizen, you need to have a residence permit or visa. Either youhave freelance visa, artist visa, work visa, blue card, student visa or other category D visa. 

Bürgeramt: It handles many German Bureaucracy. Here, you need to register your address.

Finanzamt: it is responsible for collecting taxes in Germany.

Freiberufler: This is for freelancing. Later, you need to register with the tax office. After that they will decide either

Whether you are a freelancer or tradesman.

Gewerbe: trade or business. If you register as a trade, you must get a trade license and pay the trade tax. 

The second important part is that you need to verify your company name at the local chamber of industry and commerce. 

Choose a company type: It can be a limited liability company, a joint stock company or a partnership.

Execute the deed of formation: this is performed before a notary in Germany; the founders also prepare the Articles of Association

Deposit share capital: Some business forms require a minimum share capital that is deposited in a bank account.

Register the business: The formation ends with registering the company in the commercial register. The originators of the company need to sign the application for registration in front of the notary public. Once the company is registered, the obligation of the founders enters into effect.

Apply to the German Chamber of Commerce and Industry for the company name. 

Open a bank account and open a business bank account that will accept both. 

Business entity types in Germany

German GMBH- GmbH-Private Limited Liability Company can be combined in Germany with at least one investor with the lowest share capital of 25,000 EUR. One point to consider is that the shares of the German GMBH cannot be moved to the public nor registered at the Stock Market.

AG German joint stock company-  German AG needs a share capital of minimum 50,000 EUR. The members are only accountable up to the amount they have contributed to the capital, just like in the case of the joint stock companies. For this business type, the accounts must be assessed by a legal auditor.

German Limited Partnership- this is formed by two types of partners, the first partners, who must bring input to the entity’s capital and has limited liability to the amount of that input and the general partners who don’t essentially make an involvement to the entity’s capital but who have unlimited liability for the entity’s arrears and who can entitlement profits. The general partners are those who make decisions in the German limited partnership while the other partners cannot contribute in any of the management decisions.

Sole trader- This formed by an individual with his own personal resources and no protection from liability in case the entity is fronting bankruptcy.

Branch- It is popular methods of entering the German market and many foreign investors choose it as the first step in their business path. 

Companies entering Germany must make an assumption whether to use their own resources or to use a Global Employment Organization (GEO) to handle payroll and occupation responsibilities. Generally, a GEO solution would be used where a company is looking to set an office fast with a manageable cost.   

If you require additional information, please Consult International Trade Advisory. We respond to your inquiries quickly, and our business practice is ethical, transparent, and customer-oriented.


Email - support@ondemandint.com

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