company formation Germany
March 3, 2023
When do you need a VAT number in Germany? Under which conditions should you get an EORI number for your business in Germany? What is the […]
April 4, 2023
Germany has a distinct business culture, reflecting its history, values, and economic structure. Familiarity with this unique culture is essential for successfully starting a business in Germany. In this article from Wise Business Group, we will mention ten fundamental features of German business culture.
June 10, 2023
If you are interested in starting a bus company in Germany, read this article from Wise Business Group full of helpful tips for your self-employment. Here […]
July 14, 2023
One of the questions we often face is which businesses in Germany can quickly become profitable. Business profitability depends on many factors. In this article from Wise Business Group, we mention some examples of profitable businesses in Germany and describe the factors affecting the profitability of businesses.
July 24, 2023
Due to the freedom of trade in Germany, anyone can be self-employed there. Those who want to start their own business by setting up a beauty salon or cosmetics store in Germany must meet certain requirements. In the article from Wise Business Group, we mention the necessary points to consider for successfully opening a beauty salon in Germany.
August 21, 2023
If you plan to start your construction business in Germany, there are particular requirements and regulations that you must follow. In the article from Wise Business […]
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.
October 21, 2023
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.
November 25, 2023
• According to the principle of freedom of trade, all people can register a business in Germany if they provide the necessary documents, permits, and approvals.
• If you set up a business or branch, start a commercial activity, take over, relocate, or expand a business in Germany, you must register it. However, freelancers are exempt from business registration.
• As an entrepreneur in Germany, it is necessary to register your business at the latest until the start of activity. Otherwise, you may face fines or penalties.
• The local trade office of the municipality or city where the business is located in Germany is the responsible body for registration.
• You must complete and submit the relevant form when registering your profession in Germany. Also, bring your passport or ID card with you. Depending on the type of business, you may need to provide additional documents.
