Guide to forming a company in Germany
The most commonly used legal model by international businesses in Germany is a GmbH or the Gesellschaft mitbeschränkterHaftung, which is basically a limited liability partnership. The reason why this structure is popular is because the liability of the members is only limited to the amount of capital that they invest in the partnership while forming a company in Germany.
Setting up a GmbH in Germany is not easy. It involves several time consuming tedious tasks. You have to take care of registrations to the tax and other social security rules, apply for employer number, etc. As an employer you will also have to hire staff and get them registered for social as well as health insurance. There has to be a dedicated tax number and register.It can take up to six
weeks or more to register the company and set up bank accounts. It is not
mandatory to pay your employees from a bank account in German. However, it is
good to have one account where the Government can issue reimbursements.
Nevertheless, you need to set up payroll for your employees. It is always
easier to outsource your payroll services to International Payroll Services. We
can help you with deciding time, place, kinds of payment, pay slip, etc.
We can also help you
determine the right time for forming a GmbH in Germany and when you can
start employing fully without a full set up. In whichever local country of your
choice, we can register your business as an international employer. Meanwhile
we can handle all your compliance requirements, paperwork, etc. while keeping
your updated. Our HR team can also work with your local HR team and provide you
insight and advice when you hire internationally. While you do the hiring we
make sure that your complying with local labour laws.
We have years of
international experience and local knowledge to ensure that all your
initiatives and practices are in accordance to the local laws, market practices
and regulations.Additionally, all your important data will be management and reported
by us. This data will be safely stored in a central location. This makes sure
that you do not have to work with different systems and that everything can be
accessed easily in one place.
We are also available
24/7 to give you advice and assistance. We are active on all social media
platforms, making it easier to contact us and clear your questions. Our expert
advice can be easily accessed. Other than payroll services we also advise our
clients on HR, legal, tax, etc.
All our advises will be
tailor made for you. We firstly assess and understand your business and your
needs and then find out the best possible solution that can benefit you both in
short term and long term.
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