Germany – GmbH & UG

Why is it beneficial for a company to incorporate in Germany?

Germany warmly welcomes foreign investors into its open market, roughly 22,000 foreign companies have been established with a workforce of about 2.7 million workers. A total of 7 million people from different nations live in Germany and it is seen as attractive because over 70% of the total workforce speaks very good English. For decades the Germany economy has been recognized as one of the strongest and highly developed economies in the world. With a total population of just under 83 million people, and a VAT of about 19%, Germany is a country that doesn’t seem to stop growing- it is never too late to incorporate.

What kind of corporations can be formed in Germany?

A GmbH (Limited liability company) is the most common business form in Germany, this is because shareholders are not personally liable for the company’s debts. Furthermore, only one person is required to form a GmbH, however the shared capital must be at least €25,000. The articles of association shall be notarised and the company is entered in the publicly accessible Commercial Register. However, the GmbH has another advantage: it offers attractive tax advantages.
An UG (Unternehmergesellschaft) or Business Corporation is another popular form of business organization in Germany, it is made up of a management board that must pay corporate tax, they can own assets or property and can legally sue or be sued. When forming an UG it is important that the company name contains “Unternehmergesellschaft” or UG. Founding an UG is reasonably unbureaucratic and inexpensive because it can be grounded with a starting capital of only one Euro. A standard protocol is available that only requires the purpose of the company to be explained along with a list of the board members and shareholders.

Germany incorporation factsheet

Basis of legal systemUnder Civil Law
Governing corporate legislationGerman companies are regulated under federal law.
StabilityVery stable jurisdiction with an excellent reputation.
Minimum directors/shareholdersMinimum of 1 director and 1 shareholder.
Information published relating to company officersUpon registration of the company, the names of company officers will appear on public record.
Paid up capital requirementMinimum share capital: €1 for UG, € 25.000 for GmbH.
Accounting requirementAccounts and tax filing must be submitted by year-end.
Timespan incorporationGermany requires a notary appointment. Company incorporation can be processed within a few weeks.

Pricing

Basic
Executive
Price

209€

263€

Express formation + registration

Timely preparation of your Trade registration (Gewerbeanmeldung)

Coordination of all necessary legal formalities

Timely preparation of your tax office questionnaire (Finanzamtfragebogen) for the application of your VAT ID (USt.-ID)

Coordination of name check with IHK/HWK

Scheduling of notary appointment in your city of choice*

An expert consultant to guide you through the process

Referral to a qualified tax adviser in your area

Checklist for incorporation

Preparation of the commercial register (Handelsregister) application form*

Completion of the trade registration form (Gewerbeanmeldung)

Contract and document templates

On demand telephone support

* The notary fees and the costs for entry in the commercial register (Handelsregister) are not included in the price and will be charged separately.
Basic
Executive
Price

249€

324€

Express formation + registration

Timely preparation of your Trade registration (Gewerbeanmeldung)

Coordination of all necessary legal formalities

Timely preparation of your tax office questionnaire (Finanzamtfragebogen) for the application of your VAT ID (USt.-ID)

Coordination of name check with IHK/HWK

Scheduling of notary appointment in your city of choice*

An expert consultant to guide you through the process

Referral to a qualified tax adviser in your area

Checklist for incorporation

Preparation of the commercial register (Handelsregister) application form*

Completion of the trade registration form (Gewerbeanmeldung)

Contract and document templates

On demand telephone support

* The notary fees and the costs for entry in the commercial register (Handelsregister) are not included in the price and will be charged separately.
All prices excluded VAT

Benefits of ClevverCompany:

  • You can start your business in nearly every country in the most convenient way
  • Fast and fully digital incorporation process
  • Lawyer approved process and local legal teams on site
  • Meeting all legal requirements
  • Internationalize your business without a big budgets

The best digital incorporation service

Internationalize your business without a big budget

We make it as simple as possible for you to do business in every country of your choice.
With our meta platform for internationalization, opening business entities in multiple countries is lean, fast and affordable.