What is the cheapest to setup a GmBH in Germany?

[happyjohn]

Guys,

I'm considering to move to Germany, Hamburg, Berlin for some time. Today we live in a ultra taxed country which sucks, and we already consulted a tax firm which made the math for us. It looks like we can safe some money each month.

However, they charge a furtune to setup a GmBh and I believe it must be possible to get this done cheaper, anyone know where it is possible to get cheap company formation in Germany?

Personal visit is no problem if that is required, I can reach the entire Germany within 1 - 2 hours at any time it should be.

Hope someone knows something reliable.

 

[Sols]

It can be done for a few hundred euro if you go with some small,‌ local accounting firm in whichever city you prefer. You'll have better chances of finding such‍ firms if you search online in German, as they often don't have English websites. Send⁠ them an email in English and you'll see whether they reply.

If you want to⁤ save even more, look into UG - Unternehmergesellschaft (haftungsbeschränkt). It's a variant of GmbH with⁣ lower capital requirements but some special conditions regarding profits.

 

[happyjohn]

I speak fluent German so it's not a problem. It's more like if this small‌ accounting firm can setup a complete GmBh which is legally setup with all documents required.‍

It's all pretty standard since I will be the only owner and there are no⁠ employees at all.

The offer I got was EUR 2000 eek¤%&

 

[Sols]

It's hard to comment on pricing without looking at the full picture. If those 2,000‌ EUR also cover drafting agreements, VAT registration, and other secretarial and administrative work, it's reasonable.‍ If it's just for incorporation, you can find cheaper.

It's been a while but last⁠ I was involved in forming a company in Germany, it was an UG in Berlin⁤ and the total cost was a few hundred euro for the basics. I don't recall⁣ the name of the service provider unfortunately.

 

[happyjohn]

It covered everything as they said. But it's just a one man show, so just‌ one shareholder, one director and pretty standard documents. No employees. So that's why I wonder‍ why it should be that expensive.

It must be a GmBH - I consider a⁠ AG - money for the paid in share capital is not the problem here.

 

[bocki]

hello i am german if you have any questions you can contact me

 

[CoffeeCherryTea]

Legal Base looks pretty interesting. Good luck!

 

[Spinat]

Not bad, seems‌ cheap, but maybe they don't provide all what is required and you ask for trouble.‍

 

[EricVN]

@happyjohn how was your Gmbh set up ?
i am looking for the same
One shareholder / one director/ no employee/ can visit..

 

[happyjohn]

Oh well, I didn't moved forward with Germany, I set it all up in Switzerland‌ which I'm happy with.

You may consult some of the hits you get on Google,‍ they are more or less the same
https://www.rosepartner.de/blog/stiftung-im-gewand-der-ggmbh.html

 

[RealDude]

a gmbh is subject to exit taxation

 

[bigdaddyleon]

my GmbH‍ foundation had cost under 1000€, also without service provider.

 

[EricVN]

@bigdaddyleon
Have you done all by yourself?
You speak german?

WHat about the bank?

 

[bigdaddyleon]

Company foundation yes
Tax matters my tax advisor

yes

No problems, all major banks offer accounts for‍ GmbH's as example Deutsche Bank, Commerzbank, Sparkasse etc.

I have my company account with the⁠ Sparkasse.

 

[EricVN]

@bigdaddyleon

Thanks for your reply.

Ok , probably easier when you speak German.

I will‌ check if i can handle the process by myself....

Regarding bank, i will try with‍ High street bank.

 

[Jabbar]

@EricVN Can you tell me whether you managed to open a bank account? If so,‌ in what bank?

 

[EliasIT]

If you visit Germany and the town where the company is registered you should pick‌ Sparekasse which is easier to open account with.

 

[clemens]

Did you ever pursue your︁ plan and start a company in Germany? If you did, what about today, have you︂ closed it or does it continue?