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Why is it beneficial for companies to register in Germany?

· Company Services,Business Development,Trends,Company Formation

Germany warmly welcomes foreign investors into its open market and has established approximately 22,000 foreign companies with approximately 2.7 million employees. Seven million people from different countries live in Germany, which is considered attractive because more than 70% of the workforce speaks English very well. For decades, the German economy has been recognized as one of the most powerful and developed economies in the world. Germany has a total population of less than 83 million and a VAT of about 19%. The country does not seem to stop growing - the merger will never be too late.

What kind of company can I form in Germany?

A limited liability company (limited liability company) is the most common form of business in Germany because shareholders do not bear personal responsibility for the company's debt. In addition, only one person is required to form a limited liability company, but the shared capital must be at least 25,000 euros. The company's articles of association should be notarized and the company entered into a publicly accessible business register. However, limited liability companies have another advantage: it has an attractive tax advantage.

UG (Unternehmergesellschaft) or commercial company is another popular form of business organization in Germany. It consists of a management committee that must pay corporate taxes. They can own assets or property and can be legally prosecuted or prosecuted. When building UG, it is very important that the company name contains "Unternehmergesellschaft" or UG. Building a UG is reasonable non-bureaucratic and cheap because it can only have a starting capital of one euro.

Read more information about German Company Formation

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