Company Formation in Germany – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN GERMANY

There are many good reasons for doing business in Germany. As Europe's largest market, the country is an attractive place for investors from all over the world. Germany is an innovative leader across many areas of technology, having a highly qualified workforce and an outstandingly developed infrastructure. SMEs in particular benefit from the well-organised business environment and secure legal climate. Following are the advantages of company formation in Germany.

  • Germany is Europe’s leading economy and one of the world’s largest economies.

  • It offers a large domestic market and an easy access to the growing markets in the enlarging European Union.

  • Germany is still the world’s number one exporter.

  • It is based upon a free market economy, combined with regulative measures from the state.

  • For years, Germany proved to be one of the top regions for foreign investors.

  • Germany is one of Europe’s most cost-effective locations and still, keeps its high productivity rates and quality standards.

  • Transportation infrastructure makes Germany Europe’s number one logistics market.

  • Germany has signed treaties with more than 90 countries such as India, Singapore, Netherlands, Canada, Malaysia etc.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 1 shareholder (Individual/ Corporate Entity).
  • Minimum 1 director.
  • A director or shareholder can be the same or different person of any nationality.
  • 100% local or foreign shareholding allowed.
  • Minimum capital for the registration of the German Limited Liability Company (GmbH) company is at least 25,000 EUR.
  • A local registered office address is mandatory.
  • The Director/ Representative of the company need to visit Germany for the bank account opening process.

DOCUMENTS REQUIRED

Individual Shareholder:

  • Application forms duly signed by the authorized signatory.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

Corporate Shareholder:

  • Applications forms duly signed by the authorized signatory.
  • Certificate of Incorporation of the corporate shareholder (mother company).
  • Memorandum & Articles of Association of the mother company.
  • Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

OUR SERVICES

Incorporation Services:

  • Company Formation.
  • Tax Registration.
  • Provision for the Local Registered Office Address in Germany for the 1st Year.
  • Assistance in the Corporate Bank Account Opening Process.

Other Maintenance & Compliance Services:

  • Renewal for the Local Registered Office Address in Germany Annually.
  • Accounting (depending on the volume).
  • Drafting of the financial statements Statutory Audit (depends on volume and complexity).
  • Corporate tax filing (depends on complexity).

TIME PERIOD

The incorporation depends on the details provided as requested:-
  1. From interview with client we need 1-2 weeks preparation.
  2. Notary appointment.
  3. 4-6 weeks for all the remaining formalities regarding registration of the company at the Local City Counsel, Chamber of Commerce, Tax Authorities.
However, having received all the documents as requested in order, usually the company in Estonia gets incorporated in 5 to 7 working days.
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