Are you considering forming a GmbH in Germany or a UG company in Germany? If your answer is yes, then you must be jumping through a number of bureaucratic hoops that you need to cross in order to get the business started. Right from registration of the firm to actual inception of the business, all requires a number of formalities to comply with.
In this post, we will make you well-versed with the registration process involved for setting up a company in Germany, particularly a GmbH company. Read further:
Where To Register?
In order to commence the business, it is required to register the company with appropriate authorities, namely, Commerical Register, Tax Office, Trade Office, Chamber of Industry and Commerce, employment agency and Trade association, to name a few.
What Is The Registration Cost Involved In The Registration Process?
The cost of registering the business hovers in the range of €20 to €60. Apart from it there is also a cost involved for notary charges and commercial register.
When Is The Best Time To Get A GmbH Company Registered?
Like there is no ideal time for forming a company in Germany, likewise no particular time period is considered to be best for registering the newly formed GmbH company.
What Should Be The Order Of Registrations For A Particular GmbH Firm?
Each and every one of us believes in saving tax and the same holds true even when we form a GmbH company. To gain tax advantages, it is important to follow the below mentioned order while making applications:
Commercial Register
Trade Office
Tax Office
When Is A GmbH Registered?
Before proceeding with registration, there are certain documents which require to be checked as well as certified by Notary. This comprises of the following:
Deed of incorporation
Shareholder's name and addresses list
Articles of Association
Bank account details
In order to complete the commerical register application process, the notary will take a look at the bank account statement of the company to ensure that payment of GmbH share capital is available. The notary thus transfers the data electronically to the commercial register. Once the registration process gets completed, the GmbH firms receive a registration invoice at the official address of the firm. Once the fee is paid, the publication of entry can be done.
How Long Does It Take To Register A GmbH Company?
The timeline of registration depends to a great extend on the register court where one approaches for registration. Courts having large volumes of registration applications usually take several weeks for the purpose of processing the registration of GmbH firms. However, if the flow is less in the court being approached, then, the registration process may be completed in a matter of a few days. However, there are certain ways of speeding up the registration process.
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