Director and Shareholder Requirements in Taiwan

Question 1

1. Can a non-resident individual form a company in Germany?

Accepted Answer

Foreign entrepreneurs are allowed to open a company in Germany on the condition they have met the legal provision of the Commercial Code.

Question 2

2. Is it necessary for the company to be based in Germany?

Accepted Answer

Yes, the company needs to have a registered address in Germany.

Question 3

3. What kind of business can I establish in Germany?

Accepted Answer

There are many businesses you can form in Germany. There are Limited Liability Companies which are most common, Joint Stock Companies and General and Limited Partnership. People can also begin sole traders in Germany.

Question 4

4. What is the minimum requirement for share capital to be incorporated in Germany?

Accepted Answer

To set up a limited liability, you will require 25000 Euros and 50.000 Euros to open a business in Germany as a Joint Stock company or Limited Partnership in Germany.

Question 5

5. What are the fundamental procedures that are involved in company formation in Germany?

Accepted Answer

It begins with registering with the German Trade Register to put aside a name for the new business, preparing a Memorandum and Articles of Association, and placing the necessary share capital. After that, the company submits the documents required and receives the certification known as the Certificate of Incorporation the company has to register for taxation and social security.

Question 6

6. Which documents are mandatory to incorporate a company in Germany?

Accepted Answer

The most significant official documents include the Memorandum and the Articles of Association. Our consultants who specialize in company registration in Germany can assist you with this.

Question 7

7. How long does it take to open a company in Germany?

Accepted Answer

The company registration process roughly takes about two weeks in order for it to be fully and officially processed.

Question 8

8. Are there any special permits and licenses that I have to obtain in order to open a business in Germany?

Accepted Answer

Sometimes you may be required to have some special licenses depending on the type of business activity.

Question 9

9. How do I open a bank account in Germany?

Accepted Answer

As for the banking system, it is very easy to open a bank account in Germany, you can simply book an appointment with the representative of the bank. Remember you must carry your passport or an Identity card at all times. In case you need help in opening a corporate bank account, you can seek help from our experts in German.

Question 10

10. What are the required taxes in Germany after the formation of a company?

Accepted Answer

A tax system in Germany distinguishes between the federal, state, and local levels of taxation. There are mainly two types of taxes that are considered to be important and these are the personal income tax and corporation tax. The official corporate tax rate is 15 % in Germany, however, an additional 5.5 % solidarity charge is also imposed on the corporate income tax.

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