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Berlins new techno beat. why international tech startups should move to berlin.

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21–30 of 43 posts

Re: Berlins new techno beat. why international tech startups should move to berlin.

#21
post #9

Not to forget: Instant(!!!) green card for anyone earning more than 65000 Euros/year. The only issue I still have is the "awful German language" ;-) http://www.crossmyt.com/hc/linghebr/awfgrmlg.html (Mark Twain's 1880 book A Tramp Abroad.)

In a city like Berlin you'll have no troubles getting around with English.

Re: Berlins new techno beat. why international tech startups should move to berlin.

#23
post #9

Not to forget: Instant(!!!) green card for anyone earning more than 65000 Euros/year. The only issue I still have is the "awful German language" ;-) http://www.crossmyt.com/hc/linghebr/awfgrmlg.html (Mark Twain's 1880 book A Tramp Abroad.)

Do you have a link to the green card program? Is it EU wide or germany specific?

Indeed. I only see information about a €500,000 investment and creation of at least five jobs as a way to get residency.

Re: Berlins new techno beat. why international tech startups should move to berlin.

#24
post #14
post #12

It seems to gloss over this .. If I form a startup in the USA and it goes belly up once assets are sold off to pay creditors I am free..however in the EU if startup goes belly up you are still on the hook as far as the difference between what is owed creditors and what the assets sold for..or am I wrong on this point?

You are wrong. A corporation in Germany/EU offers the same protection as a US corporation.

In the US it costs maybe a couple hundred bucks and a week or so to set up an LLC and an S-corp(http://en.wikipedia.org/wiki/S_corporation). How much would this cost and how long would it take in the EU?

Re: Berlins new techno beat. why international tech startups should move to berlin.

#25
post #9

Not to forget: Instant(!!!) green card for anyone earning more than 65000 Euros/year. The only issue I still have is the "awful German language" ;-) http://www.crossmyt.com/hc/linghebr/awfgrmlg.html (Mark Twain's 1880 book A Tramp Abroad.)

Can you please elaborate on the 65000 Euro "green card"? I have been looking for a way to move to Berlin for many years, and have never come across this.

I would be delighted if this is the way!

Re: Berlins new techno beat. why international tech startups should move to berlin.

#26
post #9

Not to forget: Instant(!!!) green card for anyone earning more than 65000 Euros/year. The only issue I still have is the "awful German language" ;-) http://www.crossmyt.com/hc/linghebr/awfgrmlg.html (Mark Twain's 1880 book A Tramp Abroad.)

Do you have a link to the green card program? Is it EU wide or germany specific?

http://www.bamf.de/DE/Migration/Arbeiten/arbeiten-node.html

In the middle of the page, "Hochqualifizierte (§19 AufenthG)": Highly qualified people like scientists, technical specialists with a wage of at least 66.000 € can immediately get a work permit.

Unfortunately that portion of the site hasn't been translated to English yet. Use Google Translate or call the BAMF for help.

An EU-wide effort called Blue Card is also on the (legislative) way.

The possibility that getsat mentions in a sibling comment to this one is described at the bottom of the page under "Selbständige (§ 21 AufenthG)". This possibility actually refers to founders of a company, the one described above is for employees. It's not 500 k€ though, but 250 k€. Still a lot of money. :(

Re: Berlins new techno beat. why international tech startups should move to berlin.

#27
berlin?? everyone is leaving berlin. It's the worst place to do business in. it has been mismanaged for decades now. crime rate is high. public schools are a disaster. if you are 20 something you might find the dirt and parties hip, but as soon as you have a family it's the worst place you could think of (unless you have a lot of money). for a tech company better cities are munich and hamburg if you really want to relocate your business into a country with high taxation and burdening regulations...have fun.

Re: Berlins new techno beat. why international tech startups should move to berlin.

#28
post #18
post #13

Earlier quoted context omitted.

Is saving a few % of taxes that important for an IT company?

Choosing the best state based on tax considerations oftentimes reduces tax bill by at least 5% of your net profits. Now, lets say you are making 2M per year. 5% = 100K, which is more than enough to hire another programmer!

I would rather start up in a nice city andy worry about taxes once I'm making 2M a year in profits than risking to live somewhere less enjoyable without knowing if I will ever have to pay taxes anyway.

Re: Berlins new techno beat. why international tech startups should move to berlin.

#29
post #8
post #4

I thought it was Lond.. no Helsi.. I mean Amst... Oh, never mind. There's only one thing remotely comparable to Silicon Valley in Europe and that's Ireland. It's where the laws are right for tech. companies and Facebook, Google, Amazon, Microsoft, Intel, IBM, and possibly even Twitter got together and are attracting a ton of engineers, which are creating a ton of start-ups, networking events, and even quite a bit of…

Compared to Silicon Valley (or even the US east coast) Germany as is low-cost country. Developers earn only half the US salary - and can live well with it ("free" (well, tax paid) healthcare, schools, universities,...) And since a few years, finally a decent immigration policy!

Healthcare isn't actually paid through taxes. We have mandatory insurance and you have to pay a certain percentage of your income so it's pretty cheap if you don't earn that much. Once you earn more you can switch to fixed monthly amounts and if you can't afford it at all the government pays.

Probably better/cheaper than in the US (for most people) but far from perfect.

Re: Berlins new techno beat. why international tech startups should move to berlin.

#30
post #14

Earlier quoted context omitted.

You are wrong. A corporation in Germany/EU offers the same protection as a US corporation.

In the US it costs maybe a couple hundred bucks and a week or so to set up an LLC and an S-corp( http://en.wikipedia.org/wiki/S_corporation ). How much would this cost and how long would it take in the EU?

The minimum share capital of a GmbH in Germany is 25,000 EUR. Registering should not take much longer.
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