How To Start A Business

How To Start A Business – Starting a company in Germany can be complicated, but we’ve put together 8 simple steps to help you navigate the bureaucratic waters of German business formation and stand out with minimal confusion.

A new business venture in any country must be started without having developed its objectives, methods and procedures. Investors and bank managers will want to know your plan, and a business plan will help you focus on your market and how you acquire, spend and make your money.

How To Start A Business

A GmbH is the most common business structure in Germany and can be formed by one person as the sole shareholder. It requires 25,000 coins as a starting capital, but 12,500 European coins must be available at the registration stage.

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The next step is to confirm that you have a company name you would like to use. Fortunately, this process is quite simple, and the Unternehmensregister website allows you to search for previously registered company names and check your identity.

Most company structures will require you to have your articles and memorandum of association (Gesellschaftsvertrag) notarized.

Next, you need to open a German bank account that contains the company’s initial capital (or at least enough). Most German banks allow account creation online, which you can do this step remotely – but be warned that most bank websites will be entirely in German. Remember that you still need to prove your identity – this can be done at your local office, or you can get the help of a notary or a lawyer to prove it yourself.

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If you apply by visiting the bank in person, you or your representative may be asked to present your passport or identity card. card, as well as the Meldebescheinigung (“certificate of registration” – proof of your residence in Germany).

It is now necessary to submit the Articles of Association to the Commercial Register through the Notary Public. You will need to submit an application (with the signatures of a notary public), a notarized letter, a list of company shareholders, a notarized receipt of the initial capital deposit and possibly a deed of appointment. of Company Director. If successful, your new company will be published on the Handelsregister website.

Depending on the nature of your business, you may need to apply for a trade license (Gewerbeerlaubnis) – for example, if your company is a broker, estate agent, hotel or restaurant. Otherwise, you will need to apply for a trade license (Gewerbeschein) at your local trade office.

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The last step is to report your new business in the local office within four weeks of opening and within one month of the notification letter. The entire process described in this post should not take more than a few days, so these deadlines do not cause problems.

Always on hand to guide you through all stages of setting up a new German enterprise or expanding an existing one, we also provide documentation services across Europe – we can act as your correspondent for all the processes you need to get up and running. Acting in Germany. Do not hesitate to call us on +44 (0) 20 8421 7470 or contact us via the website for help and advice.

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How To Start A Business

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If you are not satisfied with our response, or we believe that your personal data is not being processed in accordance with the law, you can complain to the Information Commissioner’s Office (ICO). Owning your own business and breaking even can be scary, but help. This. With this set up, you’ll feel equipped and ready to take your idea to the next level. From market research to financing your business, this guide contains six key points to help you start your business.

The best way to succeed in business is to know your market and know your customers. you