Germany residency
April 12, 2023
From time to time, our clients ask us about investing in the hotel and hostel industry in Germany. How is its management and operation different from […]
May 12, 2023
How can hosts rent out their property on Airbnb in Germany? Are there any requirements to comply with? Should their property have specific characteristics? Should the hosts take particular legal action before renting their property on this platform? Here at Wise Business Group, we explain the Airbnb regulations in Germany in detail.
May 21, 2023
If you want to immigrate to Germany and start your business there, you must obtain a German self-employment residence permit. For this purpose, it is necessary […]
July 12, 2023
One of the options for entrepreneurs and business owners to immigrate to Germany is to obtain an investment visa. By this way, they will bring significant […]
September 19, 2023
Company formation in Germany at a glance
To establish and register a company in Germany, you must meet various requirements:
• Specifying the business concept
• Determining the legal structure of the company
• Selecting a unique trade name
• Having a registered office in Germany
• Deposit of share capital
• Compilation of the company's articles of association
Then, you have to go through different steps such as choosing the appropriate legal form, preparing a business plan, notarizing documents, registering a business, registering for taxes, obtaining permits, opening a business bank account, and obtaining various insurances in Germany.
Non-residents in Germany may need to appoint an authorized representative, obtain a visa or residence permit, and open a business bank account at banks that provide services to non-resident clients.
The situation is more complicated for non-EU nationals. They must meet particular requirements for obtaining a visa, residence, and work permit,choosing a legal form, and appointing an authorized representative. Fluency in German is also beneficial for them.
November 3, 2023
You must go through the qualification recognition process to immigrate to Germany. During this process, it will be determined whether your qualifications are comparable to professional […]
December 17, 2023
One of the most common questions we face these days is buying a ready-made business in Germany, which can be very attractive to investors. However, you […]
December 25, 2023
In recent years, we have seen significant growth and unprecedented promotion of entrepreneurship in Germany. The reason for that can be having a robust and dynamic startup ecosystem and a supportive business environment. Germany is known for advanced and reliable infrastructure, innovation, and excellence in engineering sciences. In this article from Wise Business Group, we will explain why Germany has become an attractive destination for entrepreneurs.
January 1, 2024
• A small business in Germany can provide the prerequisites for moving towards self-employment. This type of business is attractive for founders who want to start without worries, with low capital, or as a side business.
• Business registration and obtaining a license is essential for starting a small business in Germany. Entering the commercial register is not required. However, depending on the business, some documents may be required.
• Accounting for a small business in Germany is simple and is done using surplus income accounting. Also, there is no obligation to keep accounts and publish annual financial statements in the Federal Gazette.
• You can use the legal forms of sole proprietorship, UG, GbR, or GmbH to set up your small business in Germany as an individual or a group. However, you should pay attention to things such as liability, requirements related to double-entry bookkeeping, and entry into the commercial register.
