Germany is known as one of the top cryptocurrency-friendly countries in the world. Here at Wise Business Group, we explain its reason and everything you need to know about investing in cryptocurrencies in Germany.
If exemption from personal liability is a determining factor in choosing the suitable legal form for your business in Germany, both of the following will be on your final list:
• Limited liability company (GmbH)
• Limited liability and limited partnership company (GmbH & Co. KG)
Both companies are among the most popular legal forms in Germany. However, they have some differences.
The German salary system is well-regulated to guarantee transparency, accuracy, and compliance with legal requirements. Employers are often responsible for accurately calculating and processing employee salaries according to German labor laws and contractual conditions.
Employees in Germany usually receive their salaries every month. The employers must provide their employees with detailed pay slips containing the various salary components, tax deductions, social security contributions, and other additional payments. They deduct some mandatory deductions such as income tax, social security contributions, health insurance contributions, and pension contributions directly from employees' salaries and pay them to the competent authorities.