For starters, the law in Germany is civil law (german) law. You will want to get some local advice as to how to best structure a company in Germany. One is permitted to electronically sign documents.
The abbreviation DE is for Germany and the most common company type structure in Germany is a LLC (GmbH).
The average time to incorporate is 1 Day to setup a LLC (GmbH) in DE. The types of currencies you can use to setup your legal entity is frequently any legal tender.
Yes, one is allowed to re-domicile a LLC (GmbH) from DE. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC (GmbH) in DE by yourself. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is allowed, up to % of the total equity of the company.
A LLC (GmbH) is only required to have 1 director on the board. Consequently, corporate directors are not permitted. Directors should not expect to be private, as they are disclosed. There is a requirement to have annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for a professional firm which can receive litigation or other legal process on behalf of the company. However, a company secretary is not required in DE, which can save the company money if you can perform basic corporate governance internally.
There is a requirement to file accounts to relevant authorities. Consequently, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Germany Civil Law (German) is 12,500.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Germany, Company register. Shareholders are disclosed in the Company register.
Typically companies take 1 day to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Germany is a good option and have given it a score of 72 as an IO score, using the Incorporations.IO proprietary formula.
1 Dayto form