What Do You Need To Start A Business Checking Account – Starting a company in Germany can be difficult, but we have put together 8 simple steps to help you navigate the special waters of setting up a German business and get up and running with confidence.
A new business should not be started in any country without defining its goals and processes. Investors and bank managers want to know your plan, and how your business plan will be adapted to your target market and whether how to save, keep and use your money.
What Do You Need To Start A Business Checking Account
The GmbH is the most common type of business in Germany and can be formed by one person as a shareholder. 25,000 of the initial capital is required, and 12,500 must be in the registration stage.
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The next step is to make sure that the name of the company you want is available to you. Fortunately, it is a very simple process, the website of the Unternehmensregister allows you to search already registered company and check if your name is unique.
For most company structures, it is necessary to have Articles and Articles of Association (Gesellschaftsverrag) certified by a notary public.
Next, it is necessary to open a German bank with the initial investment (or at least the filling). Most German banks allow online banking, so you can take this step further – but be warned, many bank websites are will be in German. Remember that you need to provide proof of your identity – this can be done at your post office, or by contacting a notary public or a lawyer to check.
If you visit the bank, ask yourself or your representative to bring your passport or I.D. card, and the Meldebessenigung (“registration” of proof of residence in Germany).
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Now you need to submit the Articles of Incorporation to the Commercial Register through the notary public. You will need an application to the register (with certified signatures), articles of association, list of shareholders in the company, a certificate of deposit capital and perhaps an assignment. Company Director If successful, your new company will be published on the HandelRegister website
Depending on the nature of your business, you may need to apply for a trade permit (Gewerbeerlaubnis) – for example, if your company is a merchant, real estate, hotels or restaurants. Otherwise, you must contact your local trade office to obtain a trade license (Gewerbeschein).
The last step is to register your new business at the tax office within four weeks of opening and within one month of the approval of accounts. The entire process described in this post should not take more than a few days, so this time should not be a problem.
We are always there to guide you through all the steps of setting up a new German company or expanding an existing one, and we also offer documentation services throughout Europe – we can work a notary for the procedures you need to get yourself up and running in Germany. . Please do not hesitate to call us on +44 (0) 20 8421 7470 or contact us on the website for help and advice.
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The best way to succeed in business is to know your market and know your customers
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