6 ms·
You can start a UG which is essentially the same as a GmbH for as few as 1€
by explodingcamera 9y ago
You can start a UG which is essentially the same as a GmbH for as few as 1€
- ohthehugemanate 9y agoGerman business owner here. The accountants and tax lawyers here have all told me the UG is looked on with suspicion by the tax authorities. Don't start a company in Germany. Don't take it from me, take it from the World Bank, which ranks Germany 114th in the world for ease of starting a business. Just narrowly edging out the Dominican Republic. It sucks.
- ahartmetz 9y agoDunno, I know a happy owner-employee of an IT consulting GmbH and I'm currently setting up my own, 2/3 of the way through. It doesn't seem like a big deal. I kind of expected more bureaucracy tbh ;)
- pgeorgi 9y agoBureaucracy in Germany is an interesting meme. Everybody complains about it, I did as well. Then I encountered the bureaucracy in the US. It's even more forms, more officials that get a say about everything (Different sales tax at all levels down to the county, wtf?), they're slow to deal with even for non-complex matters (the reason why Zootopia's DMV employs sloths totally went over the heads of most of my [German] acquaintances), and with little organization. On a tangent (since it's not "public" bureaucracy per-se): You get a corporate bank account with credit line within a day in the US. That's wonderful. Now try to send money to an account at a different bank within the country, within a day. I'll wait. So yes, Germany has a huge bureaucracy. But work with them and they'll work for you (I got tons of useful advice, for free, when I asked them how to approach whatever it is I went to them in the first place) - and compared to many other places bureaucracy seems highly efficient here.