Querying the information about a company in Germany

One of the most frequent questions clients often ask us before buying a company is how querying the information about a company in Germany is possible. In this article from Wise Business Group, we will point out sources and methods for inquiring about a company’s current obligations, tax status, and possible legal claims in Germany.

Checking and querying the information of a company in Germany

Previously, in an article entitled “Due diligence of a business in Germany,” we have mentioned the things that you need to pay attention to before buying a company. Here, we will mention the most common sources to help you with the company’s due diligence in Germany.

If you are planning to buy a company in Germany, it is crucial to obtain information about the company’s obligations, tax status, and possible lawsuits and review them carefully. To check and inquire about such information, you can use the following sources and methods:

1. Commercial registration

Companies in Germany are registered in the local commercial register (Handelsregister). You can get basic information such as legal status, company directors, and company registration history by visiting related websites like Handelsregister.de. Information about structural changes, capital, and company managers is also recorded here.

2. Financial and audit information

The website Bundesanzeiger.de publishes financial information on companies in Germany. You can access the company’s annual reports, balance sheets, and other fiscal data on this website. This information can give you a better view of the company’s fiscal situation.

3. Lawsuits

To investigate possible lawsuits of a company, you can inquire about information from local judicial authorities in Germany. It may require a formal request or referral to local lawyers in Germany.

4. Tax inquiry

The tax status of companies in Germany is generally confidential and not easily accessible. To inquire about the exact tax situation, you should contact tax advisors or local auditors connected with the considered company in Germany. Local lawyers can help you in this field as well.

5. Using the services of accreditation companies

Accreditation companies such as Creditreform, Schufa, and Dun & Bradstreet can also provide comprehensive and up-to-date reports on the financial, credit, and legal status of companies in Germany. However, these reports may come with a fee.

Consulting with local lawyers in Germany and accredited auditors can be a beneficial solution to access the above information. You can contact us for more information about querying information of a company in Germany.

A brief about querying the information of a company in Germany

You can use the following sources if you intend to buy a specific company in Germany and want to inquire about some tax, legal, and credit information before purchasing the company:

1. Inquiring about the company’s registration history, legal status, and its managers through the Handelsregister website
2. Access to annual reports, balance sheets, and financial information of the company through the Bundesanzeiger website
3. Inquiring about the company’s possible lawsuits through local judicial authorities in Germany
4. Inquiring about the company’s tax situation through tax consultants or local auditors
5. Receiving a comprehensive report of the company’s financial, credit, and judicial status through validation companies

Buying a company in Germany

You can get help from our consultants to comprehensively evaluate a company and its purchase in Germany. They will accompany you to find the company you want, get the related information you need, and buy it confidently after the relevant investigations. You can contact us via email or WhatsApp.

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