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Showing posts from February, 2020

What Is It Like Setting Up A Company In Germany Like A Foreigner?

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Are you thinking of forming a company in Germany ? As you are not an expert in handling the legalities of doing business in another country, it is always a good idea to hire an employer of record in Germany . They are experts in helping you set up the companies keeping all the intricacies of local and foreign investment law in mind. Even though Germany is one of the most open countries to open your business but there is always that different piece of rules and regulation which you might not have any idea about. So here is a quick guide to give you a feel what it would be like setting up a company in Germany . Legal Matter LLP is not allowed for foreign citizens and therefore they can open a GMBH company. One of the shareholders can register a new LLC (GMBH) as one of the requirements. In order to form a GmBH, you need to rent an office space in a commercial complex as your local address. The tenancy agreement needs to be at least for a year along with a notary. This who...

Reevaluating Your Payroll Process Procedures : How To Know When Its Time To Outsource Payroll Service in Germany?

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Payroll management is a labor-intensive business function that often gets quite complicated. The larger a company becomes, the more resources need to be hired to keep up with the piling work. So when exactly is the time to reevaluate your in-house Payroll Process and start looking to outsource the  payroll service in Germany ? Knowing When To Outsource From a cost-effectiveness perspective, it makes sense to outsource your  Payroll Germany  when there is a clear need for saving time and labor on this non-revenue generating business function. There can be other indicators that can indicate that it is time to outsource payroll. 1. Too Many Mistakes Even though it is a non-revenue generating business function, it is by no means can be taken lightly. Payroll mistakes can be very expensive and can cost you more than just money. In addition to the costs, you run a huge risk of demotivating your employees and, possibly, the government agencies. If the p...

How To Convey Company Culture In Job Descriptions?

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After  forming a company in Germany ,  you now have made considerable progress in your business and it is time to expand your team and hire some right people to ensure future growth and constant productivity of the company. A job description is a first and foremost need in order to attract the top talent present in the market. Job Description is simply outlining what the job entails. A job description can make and break your chances of the right hire, after all, you need to attract people with the right skills and experience as well as the one who will fit perfectly well in your Company Culture. As studied by one of the best  PEOs in Germany , most organizations want to find candidates who are not just qualified to do the job but also will be great additions to the team for a longer duration of time. Companies these days want to hire people who will not only contribute to the short term growth of the company but will also become a part of a bigger success story of t...

Things You Should Know Before Starting Hiring In Germany

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Germany is considered as one of the strongest economies present in the world, presently. Being located in the central region of Europe makes this country an ideal location for starting the business and thus, hiring an employee in Germany becomes a necessity. In this article, we tell you in brief about certain things that need to be kept in mind before initiating hiring in Germany : What You Should Know About German Recruitment? When you consider recruitment in Germany, finding a highly skilled employee seems to be a rare possibility and is often seen as the biggest challenges the entrepreneurs face in Germany. Here are certain German recruitment trends the companies looking for German employees should be aware of: The active sourcing and candidates’ experience is very important in the recruitment of German employees. Social media recruitment has attained great momentum. The recruitment companies are often seen using their social media handles for getting the r...

What Are The Advantages Of Setting Up A GmbH Company In Germany?

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When it is about setting up a company in Germany , most of the entrepreneurs choose GmbH as the preferred legal form for the company. The GmbH form of company not only has a better perception in the eyes of the public, but also brings a number of tax benefits for the entrepreneurs. The compliant payroll Germany suggests that considering the reduced legal liability associated with the company’s asset, this form of company is being formed by almost each and every entrepreneur. This form of company is considered ideal for the entrepreneur who wish to give protection to their private assets but at the same time wish to maintain a legitimate public image in front of the customers as well as business partners. This form of company is particularly suitable for business forms such as financial and insurance companies. But, considering the fact that the financial and organizational cost of Setting Up A GmbH in Germany as GmbH is high, this form of company may or may not be suita...