Start a German Business: Your First Steps Toward Success
Start a German Business: Your First Steps Toward Success
Blog Article
The GmbH (Gesellschaft mit beschränkter Haftung) is one of the most popular business structures in Germany. It offers the advantage of limited liability, making it an attractive option for entrepreneurs. Here’s how to register your GmbH:
Prepare the Articles of Association: The first step is drafting the articles of association (Gesellschaftsvertrag), which outline the company’s name, purpose, shareholding structure, and management rules. This document must be notarized.
Deposit the Share Capital: A GmbH requires a minimum share capital of €25,000. At least €12,500 must be deposited in a German bank before registration.
Notarize the Registration: The next step is to notarize the application for the GmbH’s entry into the commercial register (Handelsregister). This includes providing the notarized articles of association, proof of capital deposit, and any other required documents.
Register with the Commercial Register: Submit the notarized documents to the commercial register. This will make your GmbH a legally recognized entity in Germany.
Tax and VAT Registration: After registration, you must apply for a tax number from the Finanzamt and, if applicable, a VAT identification number for tax purposes.
The GmbH structure provides limited liability protection, allowing your personal assets to be shielded from business debts. It’s an ideal choice for small to medium-sized enterprises in Germany.
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