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Showing posts from September, 2019

Setting Up A GmbH In Germany - The Essential Checklist

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Are you considering setting up a GmbH in Germany ? Have you fulfilled all the necessary requirements? Forming a GmbH in Germany requires completion of a number of legal formalities. To save hours of yours from researching what all to compile, here is your neat checklist: Choose The Right Company Form The company type should be dependent upon the line of business the company will be dealing in. Thus, before incorporation, ensure that the said company form is right in terms of the purpose of your company. Check if you are having sufficient amount of capital to invest in the GmbH. The minimum capital requirement for a GmbH company is € 25,000, half of which is required to be deposited immediately. Company Name You may already be having a name in your mind, but to check its availability, you need to check in the commercial register. If the name is already taken, you need to think of something else. Company’s Objective As per the German law, the individual shoul...

3 Things You Need To Know About Employer Of Record Services In Germany

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If you want to be a leading business leader, you need to expand your business aggressively and quickly. Expanding the business internationally takes courage and good business acumen. One of the most important keys to success in any international market is ensuring that you have got the right partners on your side. As you expand beyond borders, an employer of record (EOR) in Germany might be one of the partners you would want by your side as they can help you with smooth business expansion. From making you a compliant payroll company in Germany to handling all other administrative work, a PEO company in Germany can help you understand the services and how they can help you build a better business. Here is a list of 3 things that you need to know about an EOR : What Does An EOR Do? An EOR helps your business administer all HR related work. They can assist you with almost everything that is from helping you locate top talent to helping you design various employee cen...

5 Reasons For Setting Up A Company In Germany

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With a friendly time zone and a strong GDP per capital, forming a company in Germany is a great idea. With a location in the middle of Europe, setting up a company in Germany offers great opportunities to businesses for networking and further expansion and growth. With a booming economy along with a skilled workforce, solid infrastructure, and education system, company formation in Germany can help you lay a solid foundation for your business.  Here is a list of 5 reasons why you should set up your business in Germany: 1. A Strong And Dynamic Economy An innovative climate, strong education system, location at the heart of the dense transport network and highly skilled workers are one of the major benefits that you can avail in Germany. Science and research along with practical orientation have given rise to a well-trained qualified professional workforce that has further sprouted up an excellent environment for innovation. Germany has now become a Europea...

Everything You Need To Know Before Setting Up Your Payroll In Germany

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Every country has different rules and regulations when it comes to setting up and running the businesses. The payroll Germany is no different. There are a lot of rules and regulations the knowledge of which are a must so that the things can run smoothly from the administrative end. Only then, you can actually concentrate on expanding your business and thus can afford a higher cost of employee in Germany .  Payroll professionals in Germany help address the complexity of global payroll. The unique challenges faced and the specific requirements of processing payroll can make this day to day task a complex process. Something that can consume a lot of your time. Here is a list of a few key points you should know about the payroll process: It Depends Upon The Type of Industry Owing to the industry-driven regulations, so the sector and type of business you’re operating have a direct relationship with your payroll process. Understanding payroll is important especia...

5 Reasons Why Companies Use Employer Of Record In Germany?

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Companies that focus on staying competitive are smart enough to look for a  PEO Company in Germany . They outsource their HR and payroll functions to an  employer of record (EOR) in Germany  so that they can concentrate on many lucrative tasks that are making their business work and expanding it to reach new heights. Many businesses fail because they try to do everything by themselves in order to save money but in reality, they end up dooming their business because they divert their energies in all the wrong directions. Here is a list of 5 reasons why companies go for hiring a  PEO in Germany : Utilize Current Technology Outsourcing the payroll and HR work gives you access to the top-notch payroll and HR professionals along with the up to date technology. This is extremely important as payroll processing is a complex process due to ever-changing government laws and regulations. All your legal requirements are met accurately and are completed in a timely...