Tag: trading license

Why many business persons prefer to start a company in Germany?

Germany is the best place to do your foreign investments. Its business hub would be easy to access to other EU market. It has a good infrastructure with highly qualified workforce that had been recommended for investments in several fields of your business. The company formation in Germany is a straightforward process in that you have to complete all the formalities correctly. For completing the formalities there is a need for you to prepare certain company documents and there is a need for you to do registration with the German authorities. The document should contain the specimen signature that includes the passport copies and special forms. It is necessary for you to get signature from the official members without fail only then it would be valid. The company formation Germany also used for finding up a registers office, opening a bank account or for appointing a local auditor for the company.

company formation Germany

What are the procedures that should be carried for this?

The preliminary procedures for company formation Germany companies would incorporate the verification of your name. This would hold the opening of a bank account that too with the minimum share that holds the initial capital of partnership.

The following document must been delivered in the German commercial register in order for the registration process as follows.

  • An application for registrations.
  • The document that hold the management board structure.
  • The certificate that showing the share capital.

The data that you submit must be in the electronic form. The registration of newly formed company had been made up of with central electronic platform for commercial register.

The next step for incorporating the company in Germany is for applying and receiving the trading license from the local office of your business and standards. There are actually four main forms of German company incorporation are available as like

  • GmbH – It acts as the most common business entities in Germany.
  • Stock Corporation – It must have at least one share holder.
  • Partnership – It is commonly used for both small and family that had been owned in business.
  • Sole proprietor – The profits are subjected for the individual income tax rates.

After the company registration gets over in Germany the business would begin up with the commercial activity. When you started up there would be need for the employees after setting up all things you can start processing your business.