If you plan to immigrate to Germany by registering a company, join us here and make sure to read this article to the end.
Registering a company in Germany allows you to start your own business in this country and is also an ideal way to immigrate and get a residence permit in Germany. Providing a business plan (economic justification plan) to the German Chamber of Commerce is the first and most important step in that you describe the details of your economic activity and work plan over 3 years. Once your business plan is approved, you will be able to obtain a German residency. Due to Germany’s extremely low unemployment rate and huge economic potential with the highest level of economic security and very low risk, you could easily start your own business in this country.
Types of companies in Germany
- Limited Liability Company (GmbH)
- Public limited company (AG)
- General Commercial Partnership company (OHG)
- The limited partnership company (KG)
- GmbH & Co.KG company
- Subsidiary company
- Branch office in Germany
Normally, concerning immigration through company registration in Germany, the first two types of companies (limited liability and public company) are considered, and the other above types are much less common compared with these two types of companies. Limited liability companies are the most common type of company that is registered very simply and quickly. The minimum initial registration fee for a company in Germany is € 25,000, at least half of which must be on the applicant’s account at the time of registration. It is also possible to register limited liability companies by several people (maximum of three people). Registration of GmbH companies is usually done within 2 to 3 weeks.
Public limited companies (AG) are generally not suitable for beginners and new entrants into the global business arena, and new entrants are often advised to enter global markets by starting a limited liability (GmbH) company.
In a public limited company, five members are initially required. The minimum initial capital to register a public limited company is 50,000 euros, and the registration process is similar to that of GmbH.