Entity Set-up and Support in Germany

The most common legal entity in Germany is the GmbH

Germany being Germany will require quite a bit of paperwork and time to be able to register a GmbH. It can easily take 2-3 months before your GmbH is registered and ready to start trading.

Here are the services HRsolution offers to streamline this for you:

• Set up a company

• Get the company registered in the commercial register

• Register the company with local authorities

• Apply for a tax identification number

• Apply for appropriate VAT numbers (local and international)

Please note a bank account has to be secured separately.

Time required:

We can get the company set up quite quickly (a matter of a few days) and can get it registered for you. Getting the tax numbers can take some weeks depending on the location.

Please note that Germany requires a minimum capital of € 25,000 for a GmbH. This money is not, however “lost”. This money is the paid-up capital of the company which should also be on a company bank account (make sure you save the deposit slip and the account balance so that you can prove that you paid in the capital). Once this capital is paid in the money can be used for salary, buying machines, cars or whatever else.

Please note that as in other countries, a GmbH has to keep books, must fill out tax returns, put together a yearly balance sheet and profit and loss statement etc. There are therefore running costs involved with the GmbH.

We can help you set up a GmbH quickly and without much hassle. We can further provide bookkeeping services, take care of your tax returns etc. (all of this through partners who have the appropriate licenses).

A fact that is worthy of consideration is that as the owner of the GmbH, you can apply for a residents visa in Germany.

Give us a call or send us an email to get in touch with us. We can provide you with the solution to your problem.