Apply for German VAT: A Quick Overview for New Businesses
Apply for German VAT: A Quick Overview for New Businesses
Blog Article
A GmbH (Gesellschaft mit beschränkter Haftung) is a popular business structure in Germany, providing limited liability protection. If you’re planning to set up a GmbH, here’s a comprehensive guide:
Create the Articles of Association: To start, draft the articles of association, which outline the company's structure, objectives, and shareholding. This document must be notarized by a German notary.
Deposit the Required Capital: A GmbH requires a minimum share capital of €25,000, though you only need to deposit half (€12,500) before registration. The capital must be transferred to a German bank account.
Notarize the Documents: Notarization of the articles of association and other necessary documents (such as proof of capital deposit) is mandatory to ensure the GmbH's legal status.
Register with the Commercial Register: Submit the notarized documents to the commercial register (Handelsregister), a public record of businesses in Germany. This process gives your GmbH legal recognition.
Tax Registration: After registering with the commercial register, apply for a tax number (Steuernummer) and, if applicable, a VAT number from the tax office (Finanzamt).
A GmbH offers several advantages, including limited liability and credibility, making it a solid choice for entrepreneurs. By following the necessary steps, you can successfully register your GmbH in Germany and establish your business.
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