How to Apply for German VAT: Key Information for Entrepreneurs
How to Apply for German VAT: Key Information for Entrepreneurs
Blog Article
Registering a German GmbH (limited liability company) provides a strong foundation for doing business in Germany. Here’s how you can get started:
1. Choose Your Company Name: The name must include “GmbH” and be distinguishable from other registered companies. Verify name availability with the Chamber of Commerce.
2. Draft Articles of Association: This document outlines the company structure, shareholder rights, and operating procedures. A notary is required to authenticate this document.
3. Share Capital Requirement: The GmbH requires a minimum share capital of €25,000, with at least €12,500 deposited before registration. Open a business bank account to manage this capital.
4. Submit to the Commercial Register: After notarization, submit your company’s details to the Handelsregister. A notary will assist in this step.
5. Tax Registration: Register with the Finanzamt for a tax number (Steuernummer) and, if applicable, a VAT number.
Once these steps are complete, your GmbH will be legally recognized, and you can begin business operations in Germany. By following this structured process, you’ll ensure that your company is legally compliant and set for success.
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