To start your own business, it is not strenuous as you might think. But there are a few points that you have to consider, to save your time and to successfully master the German bureaucracy.
- Getting acquainted with the German bureaucracy
There is no sugar coating to it. The formular have to be filled out. But don’t worry. Throughout the international Entrepreneurship program, you will always get help to accommodate you the best way to the world of german bureaucracy. And not only for registering your start-up, but also for grants.
2. Find the best legal form to start up your business.
There are many legal forms on how you can start-up your business. The decision as to which legal form a company should take has personal, financial, tax and legal consequences. Every legal form has advantages and disadvantages. Pivotal is the nature of your start-up that you are going to start.
In order to find the right form of company, you should first ask yourself a few basic questions.
For example:
- How quickly do I want my company to get started?
- How much bureaucratic effort do I want?
- Am I starting a business alone or with Partners?
- How high is the risk of my business idea?
- How much capital is available to me to start my business?
All these and many other aspects will have a great influence on your choice of business form. Take your time to inform yourself thoroughly
3. Officialize your Business
- Go to the notary to officialize the articles of association or any official document.
- Register at the Chamber of Commerce and Trade Office.
- Register your employees and open the payroll.
4. Taxation
The taxation system is quite complicated in Germany. There are many ways in which something can be written off and to what extent. To find your way through the jungle of taxes it is advisable to consult a tax advisor.
We recommend someone who has already accompanied start-ups and is specialized in this field. For more information contact us and we are happy to help.
