Company Foundation in Germany Can be Done Easily with Professional Experts
For someone who is considering moving to Europe, Germany is one of the must-consider destinations. It is a super-power of the region with unequaled economic growth and stability. Whether it is the political scene or the standard of living, Germany never fails to impress. The nation has lucrative opportunities for the working class; it has equally friendly policies for children with free schooling and the business community.
Interested investors have several ways to immigrate to Germany by investing their money. The company foundation in Germany involves multiple intricate steps that enable growth-oriented foreigners to form a company and start their entrepreneurial journey in the German landscape. The work entails following intricately-designed steps that are required for registering a company with the civic authorities. Since the entire gamut of forming a company in Germany can be unfamiliar territory for foreigners, it is always a practical idea to seek professional help from experts.
The process of company foundation in Germany involves:
- Deciding the type of company
- Drafting the Articles of Association
- Other essential paperwork includes collecting the specimen signatures, the application forms mandatory by law, passport copies and visas, and other such obligatory documentation.
- Another critical step is where the applicant has to sign the papers in the public notary.
- Opening a bank account and having a German accountant help you with the company formation formalities.
Taking help from a professional immigration lawyer helps in getting comprehensive end-to-end support. The lawyer should be well-informed and experienced in the corporate and company formation laws in Germany.
What are the types of companies that can be formed in Germany?
- GmbH-Private LLC – the minimum share capital of the foreign investor, needs to be 25,000 EUR. The shares are non-transferable to the public. Also, the shares of the GmbH-Private Limited Liability Company cannot be registered on the Stock Market.
- AG-German Joint Stock Company: If the investor wishes to go in for a more significant business, this form of company is advised. The initial capital can be increased as this company type can be registered on the Stock Market. A foreign investor is required to invest about 50,000 EUR.
- German Limited Partnership – this company type has two types of partners: the silent partner and the general partner. The former needs to invest in the capital while the latter may not invest but have unlimited liability and take back a percentage of the profits.
- Sole business entities – these are traders who single-handedly need to invest their money in the business. However, in this case, there is no liability protection.
Branch – one of the most popular methods of investing in
- Germany is to open the branch of a business entity. There is no legal existence of the branch, and its assets and liabilities are the parent company's liability.
Professional immigration lawyers do not just assist with company formation in Germany. They offer other kinds of services like Blue Card in Germany, German Visa for partners and Children, and other visa types that enable smooth relocation from home country to Germany.
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