Europe Emirates Group can help you start your business in Germany
Germany company formation is structured as a GmbH and first requires that the company name be submitted to the Chamber of Commerce for approval, which should in some way relate to a shareholder or indicate the business type. Formation takes one to two weeks to complete and ready-made companies are also available.
Only one director is required for company formation and their name(s), addresses and proof of identity must be submitted in the form of accepted photographic ID. Establishing residency can be done with a utility bill or bank statement that is less than three months old.
The Articles of Association and Foundation Agreement have to be filed with the Trade Register. A bank account must be opened to provide the minimum agreed share capital. The minutes from the directors appointment meeting must also be provided and a fee paid at time of incorporation.
Directors can be from anywhere and have any citizenship. Germany does not require that companies have a local resident director. Shareholders may also be citizens of and reside in any nation. The director and the shareholder can be the same person and there are unlimited numbers of shareholders permitted under this structure. Germany also allows for the use of nominee shareholders.
A registered company office must be established in Germany and the company must include this information, along with the amount of share capital, the business type and purpose of the company and the amount each shareholder paid to the share capital, on a notarised document. If the company’s shareholder is a foreign company, the names of the board members of that company and its official address should be noted.
Registration is performed at the local trade office where the business is situated. The minutes of the first board meeting must also be supplied with the registration. The company may have to use an approved translator. Every company has to be registered in the Trade Register.
The Trade Register, in addition to containing the company name and owner’s name, contains information about granting power of attorney.