Germany - Gesellschaft mit beschränkter Haftung (Gmbh)
Germany’s business sector is renowned for its technical, engineering and automotive industries. With well-developed financial and banking market, company incorporation in Germany is very attractive for foreign investors and businesses. The most common form of company in Germany is a Gesellschaft mit beschränkter Haftung (Gmbh). This is a company with limited liability where the shareholders are not personally responsible for the company debts.
With German companies a bank account must be opened immediately after signing the deed of incorporation with the notary, and the share capital must be deposited into that account. Also, a bank statement showing the amount of capital used for the company incorporation needs to be filed with the Court of Registration, along with the Company Statutes.
A German GmbH name can be in any language and will need to end with the suffix GmbH. Having submitted the name of your company to us, we obtain approval from the Handelsregister. We can then reserve and hold your proposed company name for up to ten days.
It is a requirement that a German GmbH must have a registered agent and a registered address where all official correspondence will be sent. This is provided as part of our incorporation service.
A German company only requires one person to act as a director. This person may be of any nationality and may be a corporate entity. Director names are filed on the public register.
A German company only requires one person to act as a shareholder. This person may be of any nationality and may be a corporate entity, with a no upper limit to the number of shareholders. Shareholder names are filed on the public register
The standard authorised share capital requirement for a GmbH is €25,000. With an ordinary GmbH, share capital must total a minimum of €25,000 and be divisible into shares with a minimum face value of €100. It is possible to form a mini GmbH (UG Company) which has a lower paid-up share capital.
A GmbH is required to file an annual return, register of officers and accounts and may be subject to audits.
The incorporation process takes up to two weeks although if you are overseas you will need to factor in time to visit Germany.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
A visit to the Germany is required to open a bank account to deposit the paid up share capital.