Germany is one of the few countries with a booming business culture ranging from small and medium sized businesses to large conglomerates. The German government supports the establishment of businesses of all types and sizes by both local citizens and foreign investors. Hence it is not really surprising that a large number of budding entrepreneurs find the prospect of forming a company in Germany, especially a GmbH type company, quite appealing.
Legal Aspects Of Setting Up A GmbH
The Company Law of Germany has provisions for a suitable legal structure for setting every type of business within the country, including GmbH. There are five key legal steps involved in the process of forming a GmbH in Germany, which are discussed in brief as follows.
• Drafting of Articles of Association
• Notarizing Articles of Association
• Paying The Share Capital
• Registration in the Commercial Register
• Trade Office Registration
The GmbH also needs to be registered with the Trade Office also known as "Gewerbeamt",
