Main benefits of the jurisdiction:
High Fluency in English
Germany warmly welcomes foreign investors into its open marketβroughly 22,000 foreign companies have been established with a workforce of about 2.7 million workers. A total of seven million people from different nations live in Germany and it is seen as attractive because over 70% of the total workforce speaks very good English.
Strong Economy and Consistent Growth
For decades the Germany economy has been recognized as one of the strongest and highly developed economies in the world. With a total population of just under 83 million people, a good reputation and good access to financing, and a VAT of about 19%, Germany is a country that doesnβt seem to stop growing.
Taxation:
- Corporation Tax: The company tax rate for Germany is 15%Β + solidarity surcharge of 5.5% levied on the corporate income tax and a municipal surcharge of between 14% and 17% depending on municipalities. The combined rate is between 30-33% approximately.
- VAT: 0 – 19%
Offered types of entities: Private Limited Company in form of a GmbH and UG
Disclosure rules:
- Public Registry of Ultimate Beneficial Owners: yes
- Public Registry of Companies: yes
- Possibility to avoid disclosure by using nominee services: yes
Time to incorporate: Β from two days. Remote registration possible. Shelf companies available.