Germany is one of the most favored places for multinational corporations to start a new business or open a subsidiary. The infrastructure is excellent, and the educational system produces skilled graduates. Germany is strategically located in the middle of Europe, and traveling to other parts of the continent can be done by land or by air. The country applies the principle of free market, but business entities have to register first before they can operate. Although company registration germany demands strict compliance, the basic requirements are easy to comply.
If you want to register your company in Germany, you must complete a form and submit it to the agency or person concerned. You must state the type of company and the kind of branch and pay the required fees. The different types of companies are as follows:
Limited Liability Company
A limited liability company or a Gesellschaft mit beschränkter Haftung (GmbH) is one that can be established by one person. He will be solely responsible for the debts that the company might incur. He can have shareholders who must have at least €25,000 capital share. However, the shareholders will never have any liability for the company debts. The parties must sign an agreement to this effect and have a lawyer notarize it. The document will be a prerequisite for registration.
A mini-GmbH or UG (haftungsbeschränkt) is a type of company that requires only 1 EUR as the minimum capital share of the members. However, 25% of its annual revenue must be set aside as a reserved asset until the company has saved €25,000.
Joint Stock Company, corporation
A joint stock company or Aktiengesellschaft (AG) has at least five members. The lowest required capital is €50,000. The company must have its articles of association that the court has authenticated.
Limited Partnership or what is called a Kommanditgesellschaft (KG) in German, is owned by partners. One of them is the general partner who has responsibility for the finances o the company while the other one is the limited partner and he has no financial responsibility to the company.
Limited Partnership with a limited liability company as general partner)
This business is owned by partners. Both of them have the responsibility to the company that they registered.
If you think that you need help for gmbh registration germany, you can ask for assistance from the attorneys of law firms that specialize in corporate law and in establishing businesses.