You can just buy a ready made GmbH.
This costs about 28k€, 25k€ are deposited in the company.
That is called Vorratsgmbh and takes very little time.
Founding a company in Germany: €9600, 152 days and I still can't send an invoice
121–130 of 789 posts
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#122Earlier quoted context omitted.
That way, AFAIK, the German government will determine that the "place of effective management" is Germany, and tax you also there. Double taxation is not better.
I would say that depends of the company's legal form. If you have an "AG" or "GmbH" you get double taxed anyway, one time the company and than again your salary. So if you have an Estonian equevilant of a GmbH/AG your company will get taxed by Estonia and your salary by Germany. The Estonian E-Residency Website at least confirms my assumption but in case of Germany I could be very well wrong of course... https://www.…
I think you misunderstood double taxation .
You probably understood it as taxation on corporate and personal level.
But in this context it means taxation in two jurisdiction (Estonia,Germany)
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#123Earlier quoted context omitted.
In Germany it might be easier to open a company remotely via Estonia
That way, AFAIK, the German government will determine that the "place of effective management" is Germany, and tax you also there. Double taxation is not better.
Have multiple friends who have done an Estonian OÜ despite being primarily German. No issues on this tax side.
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#124idk I founded a UG within a few weeks recently. Yeh it costs me maybe a thousand or so in notary fees but that's it.
A 1000 or so is … “that’s it”?
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#125Before Europe gets lumped in as one country, founding a company in Netherlands and Sweden, speaking from personal experience, is a breeze. Although Sweden is a bit strange in the fact that banks have as much equal say as the government authority does in you starting a company, and if they don't want you as a customer, they can simply deny the right for your company to start!
Once had a call with a Netherlands founder (i am european too), and told me "Declare your company in Delaware, everything will be much easier"
That could work _if_ your company has actual substance in the US. Otherwise you just expose yourself to much bigger problems.
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#126Not to defend German bureaucracy but if you are serious and want results this is not how you do it.
If you want a GmbH quickly there are specialized lawyers that maintain a pool of freshly founded GmbH's for you to buy. Everything is set up for you to start. If you don't like certain things like the company name, you can always change it later.
That being said, I know plenty of people who founded their GmbH themselves and it went smoothly. It's not that it can't be done, it's more that OP chose an overly complicated and untypical scheme and was surprised about the complications.
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#127The last paragraph is very important to the story. His setup is essentially a shell company which add complexity. Setting up a UG is very easy, needs little capital and is especially created for one-person-companies. Additionally he is able to send invoices, just not internationally. I have a feeling setting up this corporate structure and registering it internationally would also not be done instantly in other countries.
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#128You can just buy a ready made GmbH. This costs about 28k€, 25k€ are deposited in the company. That is called Vorratsgmbh and takes very little time.
You still have to go to a notary and do paperwork to change the name of the company.
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#129I looked into GmbH (german) , BV (dutch) , and OU (estonian) . GmbH seems very unpleasant. BV and OU are easier to obtain. But BV requires your primary place of business to be the Netherlands, which isn't always practical when you're trying to extend your activities internationally. OU is supposed to be better for international operations, but -because it's a single country initiative- creates new and interesting tax…
As far as I'm aware , EU inc would be an opt in initiative meaning that it likely wont change anything in Germany. DE has a a very powerful notary lobby that will oppose this at all costs.
Re: Founding a company in Germany: €9600, 152 days and I still can't send an invoice
#130Earlier quoted context omitted.
That way, AFAIK, the German government will determine that the "place of effective management" is Germany, and tax you also there. Double taxation is not better.
I would say that depends of the company's legal form. If you have an "AG" or "GmbH" you get double taxed anyway, one time the company and than again your salary. So if you have an Estonian equevilant of a GmbH/AG your company will get taxed by Estonia and your salary by Germany. The Estonian E-Residency Website at least confirms my assumption but in case of Germany I could be very well wrong of course... https://www.…
You don't get double taxed, you get taxed on your salary and your company gets taxed on whatever profit remains after paying salaries.