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How To Start Your Company
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How to Start a Small Business Process Infographic Template Create a sophisticated business infographic and more by editing this How to Start a Small Business Process Infographic Template
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Make a classy business infographic and more with this How To Start Small Business Process Infographic Template. Insert photos, choose a classic font and integrate a professional color palette for a unique sign. Instantly draw attention to the backend and visually illustrate the business process by adding realistic photos. It’s easy to upload your own photos or insert photos from the Vengeance gallery. Keep the how to start small business process infographic template readable by applying a classic font. A classic font is not only clear to read, but it also adds sophistication and there are many classic fonts available in Vengeage. When it comes to colors, choose a professional color palette that matches the business theme. Create your own professional color scheme from scratch or use one of the existing color palettes from Venngage. Not sure if this is the right infographic for you? Browse the Vengeance library for more customizable process infographic templates!Starting a company in Germany can be complicated, but we’ve created 8 simple steps to help you navigate the regulatory waters of German business formation.
A new business venture in any country should not be started without first clarifying its objectives and methods. Investors and bank managers want to know your strategy and business plan to focus on your target market and how your money will be earned, spent and made.
A GmbH is the most common business structure in Germany and can be formed by one person acting as the sole shareholder. It requires a startup capital of €25,000, of which €12,500 must be at the registration stage.
The next step is to ensure that the company name you want to use is available. Fortunately, it’s a simple enough process, with the Unternehmensregister website allowing you to search company names you’ve previously registered with and check if yours is unique.
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Most company formations require you to notarize your articles and memorandum of association (Gesellschaftsvertrag) with a notary public.
Next, you need to open a German bank account containing the initial share capital (or at least enough to meet the minimum). Many German banks allow account creation online, which means you can perform this step remotely – but be warned that most bank websites are entirely in German. Remember that you will still need to provide proof of your identity – this can be done at your local post office or you can get the help of a notary public or solicitor to verify you.
If you apply by visiting the bank in person, you or your representative may be asked to present your passport or I.D. card, as well as the Meldebeschneigung (“Registration Certificate” – proof of your residence in Germany).
Now, you need to submit your Articles of Association to the Commercial Register through a notary public. You will need to file an application for a register (with signatures verified by a notary public), notarized articles, a list of shareholders in the company, a notarized certificate of deposit of initial capital and possibly a deed of appointment. Directors of the Company. If successful, your new company will be published on the Handelsregister website.
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Depending on the nature of your business, you may need to apply for a trading permit (Gewerbeerlaubnis) – for example, if your company is a broker, real estate agents, hotel or restaurant. Otherwise, you will need to apply to your local trade office for a trading license (Gewerbeschein).
The last step is to register your new business with the local tax office within four weeks of opening and within one month of notarizing the articles. The entire process described in this post won’t take more than a few days, so these deadlines shouldn’t be a problem.
Always ready to guide you through all the steps of setting up a new German company or expanding an existing one, and we also offer document services throughout Europe – we act as your notary for all procedures necessary to get you up and running in Germany. Please feel free to call us on +44 (0) 20 8421 7470 or contact us via the website for help and advice.
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Company Formation In Germany
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