Germany is the economic powerhouse of Europe. While the bureaucracy can be challenging, the rewards of entering the German market are significant.
Types of Companies
1. GmbH (Limited Liability Company): The standard for established businesses. Requires €25,000 share capital.
2. UG (Mini-GmbH): Good for startups. Requires only €1 share capital but must save profits to reach €25k.
Documents Required
- Passport: Valid ID.
- Articles of Association: Notarized by a German notary.
- Bank Certificate: Proof of deposited share capital.
The Process
1. Draft Articles: Work with a notary.
2. Open Bank Account: Deposit the share capital.
3. Notary Appointment: Sign documents in person (or via power of attorney).
4. Commercial Register: The notary files this for you.
5. Trade Registration: Register with the local trade office (Gewerbeamt).
