Consider these four categories of costs together:
• Legal and official translation costs
• Mandatory membership in the Chamber of Commerce or Crafts
• Monthly collaboration with a tax advisor
• The company's share capital, along with banking and insurance costs
By considering these costs, you can get a more realistic picture of what is required to register a company in Germany. Most entrepreneurs who come to Germany from outside the EU to start a business initially focus only on the amount advertised for the "official company registration." As a result, they overlook the total costs that can be added to this amount along the path. This lack of awareness can have the following consequences:
• A sudden halt to the project midway through
• Unexpected financial pressure that robs you of the peace of mind and focus needed to launch a new business.
However, the good news is that almost all of these costs are predictable. You only need to start with an accurate and realistic picture of German laws and regulations from the very beginning.