Notary fees and tax for setting up a UG in Germany
Summary Typical notary fees for the formation of a UG (haftungsbeschränkt) vary significantly depending on whether you use standard artciles or 💬Musterprotokoll or customised articles of association 💬Satzung. Net notary cost starts at approximately €180 for a single shareholder, rising to around €250 for multiple shareholders. With customised articles, founders can expect notary fees around €850. …
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vvGmbH in Germany: AMC (asset management company) explained
Summary A vvGmbH (vermögensverwaltende GmbH) is a specialised company form in Germany designed exclusively for the management of private assets such as real estate, securities or shareholdings, rather than active commercial trading. Its main appeal lies in potential tax benefits by shifting what would be private investment income into a corporate structure, thereby reducing withholding …
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Commercial register invoice: Beware of scam letters!
Summary Many companies that recently registered in Germany receive fraudulent invoices claiming payment for a commercial register entry. These fake documents mimic official court charges but demand inflated fees (€300 to €1,200) and use urgent deadlines to pressure recipients. Red flags include foreign IBANs, short payment terms, and payment to private entities rather than the …
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Share capital of the German GmbH/UG explained: What you need to know
Summary The share capital 💬Stammkapital of the GmbH, a German limited liability company, sets the minimum amount for which the company is liable. The law states a minimum of € 25,000. At incorporation at least half of that amount (€ 12,500) must be paid in. Contributions may be in cash or in kind (assets), though …
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What is required to open a business bank account in Germany?
Summary Opening a business bank account in Germany is a key step in company formation. It separates private and business finances, ensuring transparency and compliance. For a GmbH or UG, it is mandatory to deposit the share capital into the account after the notary appointment. Required documents depend on the legal form and may include …
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Company objective: How to define the your business activities in Germany
Summary The company objective defines the company’s activities and is mandatory for corporations like GmbH, UG and AG. It differs from the non-profit business purpose (gGmbH/gUG), which secures tax benefits under German tax law. A precise wording protects management powers, prevents blocking minorities, and reduces liability risks. Write it individual, concrete and narrow; use extending additions …
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