Taking the first step towards success: Setting up a company
Certain rules need to be observed when setting up a company in Germany. We have listed the common steps for setting up and registering a company below. Explanations of the individual terminology can be found in the glossary.
- We recommend commissioning an experienced consultant, accountant or legal counsel. Involving local professionals from an early stage invariably saves considerable time and money.
- Prepare the necessary articles of association of the company, the powers of representation, resolutions and associated declarations.
- Check with a notary public or the local Chamber of Commerce that the name of the company is allowable. Click here to learn more about what to observe when choosing a company name.
- Notarization of the articles of incorporation. The allowable corporate legal forms in Germany are single-person companies, partnerships (e.g. OHG, KG and GbR) and incorporated companies (e.g. GmbH and AG).
- Open a business account.
- Pay the registered capital of the company into the business account.
- Register the company in the trade register of the appropriate local district court.
- Register the company with the appropriate trade office (registered office of the company) and obtain the trade license. Depending on the sector of industry (e.g. bars/restaurants, passenger or freight transportation, realtors, craftsmen, food/beverages, medicinal drugs) an official permit may be required to obtain a trade license.
- Register with the appropriate trade tax and IRS office.
- Join the relevant Chamber of Commerce (IHK) (dependent on the registered office of the company). In Germany, all companies must be members of their IHK.
Roadmap for setting up a company
Download the practical roadmap for setting up a company here, which offers a structured approach from the business idea to setting up the company.
Helpful links and addresses
- www.unternehmerinfo.de/Gruendung/Existenzgruendung.html
- www.invest-in-germany.de/cn
- http://www.deutschebotschaft-china.org/de/wirtschaft/info_zahlen/Chin_FDI.htm: Information about Chinese foreign investments
- www.jusline.de/jus.ra.html: Law firm directory (in German)
- www.kanzlei.de/kostenr.htm: Legal fees (in German)
- www.dihk.de: Directory of Chambers of Commerce in Germany (in German)
- www.ahk.de: Directory of German Chambers of Commerce abroad (in German)
- Foreign investment coordinator in Germany
Markgrafenstrasse 34
10117 Berlin
Tel.: + 49 (0) 30 / 20 65 70
Fax: + 49 (0) 30 / 20 65 71 11
www.foreign-direct-investment.de
www.business-in-germany.de
E-Mail: office@fdin.de - Kreditanstalt für Wiederaufbau (KfW)
Palmengartenstrasse 5–9
60325 Frankfurt am Main
Tel.: +49 (0) 69 / 74 31 - 0
Fax: +49 (0) 69 / 74 31 29 44
www.kfw.de
Mail: iz@kfw.de - Industrial Investment Council (IIC) Berlin Head Office
Charlottenstrasse 57
10117 Berlin
Tel.: +49 (0) 30 / 20 94 - 56 60
Fax: +49 (0) 30 / 20 94 - 56 66
www.iic.de
Mail: info@iic.de