The German Start-Up Scene
Why Start a Business in Germany?
If you are a person who is looking for a good place to start their business, you may be very interested in choosing Berlin or another German city as your new base of operations. Why should you choose to start your business in Germany, you may ask?
Well, the answer is simple. For starters, Germany has one of the strongest and most stable economies in the entire world. When starting up a new business in the country you can rest assured that you are doing so in a healthy economy that will be able to sustain you for years to come.
You will also be able to enjoy many of the benefits that those residing within the country have available to them. Aside from the many benefits that you can enjoy as a resident of Germany, you also have the chance to receive assistance from the German government in getting to work on your new start-up business.
Government Funding for Your Start-Up
As we just mentioned, the German government has a wide range of financial services and express programs in place, made with the purpose of funding start-ups and small- and medium-sized enterprises.
The German government supports the idea that start-ups and young firms need to have proper access to venture capital in order to succeed. That is based on the realization that in order to remain internationally competitive and draw in more investments in the future, the government should be assisting and encouraging entrepreneurs. Thus, it’s beneficial for both the start-up owner and the country’s economy.
It may sound too good to be true, but the government could really help you to make your start-up idea a reality. If the offer to create your business in one of the greatest economies in the world wasn’t already enticing enough, the fact that the government is willing to assist those who are looking to start their own business up, definitely is.
Through the use of programs that offer venture capital grants and other various forms of low-interest loans, you could enjoy setting up your very own start-up business within Germany. Support from the government is an enormous push. Knowing that the government you will be starting your business under wants to see your start-up grow and succeed is a great way to attain some peace of mind.
Once you obtain these requirements you should be able to get started on your start-up! We will now cover some frequently asked questions and further requirements if you are looking to work for a start-up or start your very own business in Germany.
How much will it cost?
Would you believe us if we said that starting a business in Germany can cost you as little as an initial investment of just €1? You may be able to do just that if you create a mini-GmbH in the country.
A majority of start-ups in Germany will need just €25,000 in seed capital and pay only a €400 company registration fee. Already, starting a business in Germany is much easier than in other places around the world.
I’m a foreigner, can I start a company in Germany?
You definitely can! You will simply need to familiarize yourself with the German culture and meet some of the other requirements that will be covered later in this article.
What do I need to start a business in Germany?
Aside from the other requirements we have previously covered, you will also need the following if you are looking to start a business in the country:
- A Business Visa
- A Trade License
- A Complete Business Registration
Aside from this, business owners will also need to let their German health insurance provider know that they are going to be starting up a new business, as this could affect how your health insurance is paid for.
Get Assistance from the Professionals
If you find yourself interested in making your own start-up in Germany, then you will also find yourself with a lot on your plate in terms of legal matters. If you want to focus on starting your business up and growing it without being bogged down by legal concerns, then you will definitely want to seek help from legal professionals.
That’s why contacting our experts at GHENDLER RUVINSKIJ Rechtsanwaltsgesellschaft mbH is a wonderful way to clear your mind of any legal matters and allowing yourself to focus on the growth and development of your start-up company.
We will assist you and handle any and all legal issues, serving you thoroughness and attention-to-detail that German’s are known for. If you’re a non-resident of Germany and want to get help from a German law firm that knows how to handle your case and give you the best service possible, then don’t hesitate to contact us.