An overview of eight key points for buying a ready-made factory in Germany
1. Compliance with laws and regulations: Ensure valid company registration (GmbH or UG), compliance with regional laws, obtaining environmental permits, and adherence to health and safety standards.
2. Financial assessment: Review the purchase and operation cost, factory due diligence, and tax implications with a financial advisor.
3. Business Evaluation: Check the property ownership, contracts, equipment status, employee contracts, and legal obligations of the desired factory in Germany.
4. Location Analysis: Assess accessibility, local labor, and proximity to markets.
5. Financing: Use bank loans and government incentives, or attract private investors to buy and develop the desired factory.
6. Cultural and commercial issues: Overcome language barriers, become familiar with business etiquette, and build effective relationships.
7. Obtaining professional help: Hire a real estate agent, lawyer, tax advisor, and technical engineer for expert guidance.
8. Ownership transfer planning: Develop a plan for transitioning operations, training employees, and deciding whether to rebrand or integrate.