Why Set Up Your Business in Germany?
In today’s times, Germany is home to thousand of businesses, from small company to large conglomerates. This begs the question: Why set up your Business in Germany? Well, Germany is certainly a place for anyone who are considering in expanding their company operations internationally. It is not just a beautiful country rich with culture and friendly people, but a place of opportunity for those willing to grab it.
Below, a list of the benefits you might miss out if you don’t set up in Germany right now: Easy To Start Company
In Germany, it is relatively easy to start a company even if you are a foreigner. There are many ways to start a company in Germany, but the easiest method which many foreign entrepreneur goes for is Gesellschaft mit beschränkter Haftung (GmbH) or better known to those who don’t speak German as Limited liability company. Only as few as one person is sufficient to set up a GmbH, and you only need RM 118160.17 as your share capital.
Tax In Germany The tax system in Germany is quite friendly to corporation or individual. Tax system is very important, as it determine how much profit your company can achieved.The major concern regarding tax in Germany are the municipal trade tax and the value added tax, along with income tax, solidarity surcharge and church tax of your employees.and corporate tax if your business happen to incorporated. The municipal trade tax is levied on business profits by the Germany authorities, and is different from one community to another. The rates usually would not go above 18 percent.
Friendly German Law
In Germany, when it concern the establishment of companies, the laws are indifferent, whether you are Germans or foreigners , furthermore there aren’t any restrictions on the repatriation of profits, perfect for foreign entrepreneurs with big ambition but possess little capital. Law are very important, to a person and even more so to entrepreneur, without a good law, not only a person’s life could be in danger, but he or she is risking having their intellectual property, copyrights stolen Stable Economy And dynamic economy Germany has significant spending power, and innovative climate. Not surprising as, the country is located at the centre of Europe. This is important, as right now many corporation operating in various countries are facing problem in trying to survive in a country which economy in getting unstable to produce any profits. Not only that, but you find that looking for highly skilled workers will be easy, many will offer their service for the right price.
Germany, being a big nation with a dynamic economy offered great business opportunity to those willing to work for it. No matter which sectors or industries you want to participates, opportunity will be there waiting for you. Industries and sectors such as agro industries, logistics & distribution services, manufacturing & light engineering, seafood & aquaculture, IT & BPO, financial services, healthcare, medical travel, property development, hospitality, renewable energy and environment.