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Why Germany is a perfect destination for your next business expansion?

Germany is the world’s fourth-largest economy with a GDP of $4.17 trillion. It remains one of the largest economies in Europe and the fifth largest in the world in terms of purchasing power. With impending Brexit, Germany is expected to emerge as the top destination to do business in Europe. There are a few complications in registering your business in Germany, but the benefits clearly outweigh the minor hindrances.

Here are some of the top reasons that make Germany the perfect destination for your next business expansion.

Open Market 

Germany openly welcomes foreign businesses which is evident from 22,000+ foreign enterprises already established there and employing 2.7 million people. Germany is home to 7.6 million people from 190 countries, making it one of the diverse nations in the world. Germany ranks 17th in ease of doing business which showcases the inclination towards startups and businesses.

Safeguarding Your Interests

Germany has strong laws to protect your inventions and intellectual property rights. The patent law, trademark law, and copyrights are equally effective in protecting the interest of your business. Germany also has strong laws in place to ensure the smooth and efficient functioning of the markets. Laws such as the Competition Laws ensure your competition cannot make false claims against your products.

Skilled Labour

Procuring skilled labour is one of the most common problems faced by expanding businesses. However, hiring skilled labour in Germany is comparatively easier as you have the freedom to hire anyone from the European continent without having to worry about visas and work permits. If you are planning to hire anyone outside the European Union, the German laws are business friendly compared to other EU nations.

 

Strong funding, Mittelstand (SMEs), developed infrastructure, and high-level of innovation are some additional advantages of operating your business in Germany. However, dealing with taxes, registering property, getting electricity, and paying taxes are some of the complicated processes that you will face will entering the German markets

At On Demand International, we are always ready to help companies register and start businesses in Germany. Our International market entry services will make your entry into Germany seamless, hassle-free, and quick. Get in touch with us to know more.

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