How to open a business in Germany.
Germany attracts Russian businessmen not only a stable economy and a favorable investment climate, but also an opportunity to obtain residence permit in the country.
Prior to the adoption of changes in the law on business immigration and business activities of foreigners in Germany, a residence permit could be obtained upon the opening of a company with a minimum investment of 250,000 euros. At the same time, it was necessary to become an employer for four or five Germans. Since August 2012, the German authorities have abolished these conditions, allowing freedom of decision-making to local competent authorities.
On the one hand, the price limit of the minimum amount of investments and the obligation to create jobs is excluded from the law. On the other hand, now an open business should be of interest to the land and the region. In addition, criteria such as the feasibility of a business plan, the experience of entrepreneurship, the impact on the labor market, etc., are taken into account.
If earlier to obtain a residence permit in Germany could investors with an amount of 250 000 euros, now small and medium-sized businessmen can now open their own business in the country, which will meet these criteria. At the same time, the probability of refusal to grant residence permit increases due to lack of interest in opening a business.
In the ranking of the best countries for doing business in 2013, compiled by Bloomberg, Germany took the fifth place. Also, according to a study compiled by PricewaterhouseCoopers and the Urban Land Institute, Munich, the capital of Bavaria, was named the most attractive European city for investment. German cities also included Berlin and Hamburg in the top five.
Process of registration of the company.
The procedure for registering new companies in Germany is well-established and relatively simple.
First, you need to choose the organizational and legal form of doing business. In Germany, there are several such forms and the most common ones are GmbH (limited liability company) and AG (joint-stock company).
Having defined the organizational and legal form of the company, it is necessary to obtain a legal address and telephone number in the country. This can be done by renting or buying an office. Then the owner of the company chooses the name of the organization that needs to be registered with the local chamber of commerce and industry. When opening certain types of business, you need to obtain a permit (license) to conduct an activity.
The next stage will be the development of the charter of the company and the signing of the memorandum of association. Then the notary needs to certify the company’s registration, this service will cost about 500-800 euros. To open an account of the company and transfer the initial capital there it is possible, having provided all these documents to the bank.
Further, the notary enters the company in the trade register – this process can last from two weeks to two months, and the service will cost about 200 euros. The owner of the company must obtain from the notary an extract from the trade register.
Before the company began to function, the business owner needs to obtain an individual tax number.
Small business is registered in Germany according to a simplified scheme. This is usually a company whose income is less than 250,000 euros per year, and the annual profit does not exceed 25,000 euros.
Many lands at the opening of the company require the presence of a prokurist, a trustee of the enterprise, who speaks German and has German citizenship.
Before opening their business in Germany and getting a residence permit, experts advise to prove themselves and show the seriousness of their intentions. For example, before buying a large hotel, a shopping center or an income house worth several million euros, you can first buy an inexpensive apartment building and regularly pay taxes for it. In the future, before obtaining a residence permit and buying a larger object, the location of the state will appear to this person. Excellent knowledge of the German language, laws and useful acquaintances will not interfere even in such a conservative country as Germany.
The most promising areas for starting a business in Germany are the hotel business, healthcare, information and communication technologies, public catering.
You’d better ask this question to our experts in the “Advice” section.
The authorized capital is 1 euro.
The only thing, every year you need to postpone 25% of the profit until you get 25000 and go to a normal GmbH.
About the permanent residence, the case is complicated. As far as I know for one person 250,000 investments plus jobs in Germany plus you need to prove that your presence in the conduct of business is an urgent necessity.
Therefore, if you open something for the purpose of permanent income, and not for the purpose of permanent residence.
With the introduction of the resolution on UG, new opportunities are opening up for entrepreneurs with small capital.
Above, it was already said somewhere about the online business, ie. sales of various products through the Internet.
Gaining momentum with a terrible force. In Germany, just a huge number of purchases through the Internet (I live in Germany, I know how to buy through the Internet others, and I myself buy a lot).
The most important thing is to decide on demand and competition. If you start taking high peaks immediately, then wait for failure, but even with low competition (where you can quickly get through online), you can build your business well.
How to open a business in Germany.