Start your own business in Germany

To start your own business in Germany, it is important to pay attention to some factors you need to know. Although not very complicated, you should have some guidance on your journey.

Starting a business in Germany doesn’t have to be first, but you must be able to beat it. Set high goals.

You need to take some specific steps to establish and enter transaction records. Generally, the formation process is very efficient and fast. The first step is the legal form. The type of form you fill depends on how your company is set up.

If you already own an established company from other parts of the world, you can choose to open a company. You will own your own "legal person" company, sign a contract and hold assets. But realize that companies will also need to pay taxes.

You can choose to start a partnership. Here, you will make personal commitments to other companies joining you. The accounting procedures for this option are not extensive, but there are certain obligations that must be fulfilled.

If you have a foreign company doing business outside of Germany, you may need to create a branch in Germany. You will establish your own presence to connect and work with others in the country.

Once the type of business to be set up is determined, it needs to be registered in a commercial registration agency (called Handelsregister) and a local trade office (called Gewerbeamt). No matter which city you are in, you have your own trade office, this is where you have to go.

When filling out the legal form, please follow the instructions strictly. You want all information to be very accurate. You can ask any salesperson for help, or if you have any questions, you can also ask for help.

Open a company in Germany will require a bank account. This is the only wise way to organize and carry out daily activities with finance. You need a passport and some kind of written proof that your residence is actually German. If you want to open an account under the company name, you will also need a copy of the business register and company documents.

Finding accommodation can be challenging, but don’t stop you in any way! You will find the list online or through the broker's daily newspaper. You can also check with the Federal Property Administration for public property to be sold.

Family businesses always seem to thrive in Germany and perform well. Where large companies are laying off employees, small businesses seem to hire more people to complete the work. These family businesses and operating companies are directly facing the public, just like tourism.

It is worth noting that during a recession, the sales of large companies on the DAX (stock market) increased by only 9%, while the family business increased by 16% over the same period. This is good news for anyone planning to start a business in Germany.

Everything you need to do business in this country is a will, and you have to make a plan. Go step by step and make sure that all the correct documents are filled in and that you are registered in the correct entity.

Doing business in Germany will bring you profit, fun and easy operation. Hosting your own performance is undoubtedly an adventure, but you can do it!