Featured Language: German
Starting a Business in Germany
According to the World Bank Group's Doing Business 2009 - Country Profile Germany, it requires nine procedures and takes 18 days to start a business in Germany. If you're interested in starting a business, you'll need to follow these steps (in order):
- Clear the name of company at the local chamber of industry and commerce
- Have the articles of association and foundation agreement notarized
- Open a bank account and deposit paid-in capital
- Have notary public file the articles of association with the local commercial register, kept at local courts
- Notify the local office of business and standards of the establishment of the company
- Register with the professional association of the relevant trade
- Notify the local labor office of the establishment of the company
- Register employees for health and social insurance
- Mail documentation to the Tax Office
The World Bank Group publishes comparison reports for conducting business in 181 different economies; benchmarking against each the ease of setting up and doing business in each. The entire downloadable report for Germany is available here.
Find out more
For information about the German language, contact us. Or, visit this issue's Useful Links for more government, business, and news resources.
Sources:
U.S. Commercial Services
Doing Business
World Bank Group
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