What do I need to know to set up a company in Germany? are there any special features that I need to know about?
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You will need to choose the right limited liability company for your business, ensuring it matches your business goals. Next, come up with a name for your company; you can use the commercial register, Handelsrester, to ensure the name’s not already taken. You’ll decide the company’s objective (known as the Unternehmensgegenstand); the German laws require that this be specific.
Next, you’ll apply to the German Chamber of Commerce and Industry for a company purpose and name check. Then, register your address, called the Anmeldung; if you’re registering for the first time, you’ll get a tax ID and certificate of registration. Then, you’ll need to open a bank account, preferably two, find a tax advisor, get a trading license, register, and get a residence permit.
There are ‘legal’ scams that entrap new business setups, so you will want to be wary. You can employ the services of company formation solutions like companyingermany.de to be on the safe side. Your business is made ready affordably and in no time!