Small business setup in Germany
Germany offers a strong economy, a skilled workforce, and various opportunities for small businesses in manufacturing, technology, and innovation. We have expertise in assisting small businesses with start-up and expansion. Our knowledge of the local market and ability to form companies allows us to help you navigate the necessary documentation and processes to launch your small business in Germany. Let’s explore the benefits of starting a small business in Germany and how our specialized solutions can support your success.
Formalities and procedure
Registering a small enterprise in Germany requires going through several steps, which can typically be finished within a few weeks.
Choose a business name
The name of the business must be original and not currently being used. You can verify the availability of a name on the website of the Germany Trade Registry.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. To assist you in making a knowledgeable decision that fits your individual needs and long-term goals, we offer expert advice on Limited Liability Company (GmbH), Limited Liability Entrepreneurial Company (UG (haftungsbeschränkt)), Public Limited Company (AG), Branch Office, Holding Company.
Set up legal address
Establishing a legal address is crucial when launching a business because it acts as the primary point of contact for government bodies, legal entities, and crucial business communications. Selecting a legal address that complies with local regulations and aligns with your business needs is imperative.
Get the necessary paperwork ready
Our team of professionals will assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing procedures on your behalf.
Open a bank account
In order to establish a business in Germany, it is necessary to have a corporate bank account. We will guide you through this procedure, making sure you adhere to the rules and supporting you in opening a bank account with a trustworthy financial institution in Germany for your small business activities.
Company registration
We take care of registering your small business with authorities such as the Trade and Companies Register and tax authorities, freeing you from administrative tasks. This ensures that your small business is legally recognized and compliant from the beginning.
Setup accounting
In order to have a successful start for a small business, it is crucial to keep precise financial records. Our group of accounting specialists can assist in setting up efficient accounting and bookkeeping procedures that adhere to the regulations in Germany.
Small business examples
Small businesses function in various industries and sectors, each with unique requirements. Here are a few examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Germany
Germany is an attractive location for the creation of small businesses, providing numerous benefits.
Strategic location
Germany has a strong economy, well-trained workforce, and prospects for manufacturing, technology, and innovation. The country’s advanced infrastructure, dedication to research and development, and central location in Europe make it an appealing choice for businesses wanting to set up in a top global economy.
Favorable tax regime
Germany’s corporate income tax rate is 30%, with potential additional charges for the solidarity surcharge and trade tax. As the biggest economy in Europe, Germany provides a reliable and appealing business climate, along with numerous deductions and incentives.
Banking
Germany’s strong and solid banking industry provides stability and a variety of financial services, creating a safe space for investors interested in wealth management, banking, and investment options.
Our small business setup solutions
We understand the significance of your time and resources. Thus, we offer two convenient choices to streamline the company formation process.
Business formation online
With the online platform offered by Germany, individuals can start and finish the process of starting a business from any location. Being able to keep track of the progress, submit necessary paperwork, and access our services via secure digital platforms guarantees a seamless and convenient experience.
Business formation remotely
If you would rather not be involved in the paperwork process, we are happy to take care of it for you. Our expert team will handle all the necessary formalities, fill out the required paperwork, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us today and launch your small business success
Get in touch today to schedule a consultation and begin pursuing your business goals. Let’s start this journey together.