The initial document when creating a GmbH-type company in Germany is the charter, or founding agreement, which specifies the company name, its address, intended activities, as well as the minimum share capital, which is 25 thousand euros. Subsequently, these funds may be used in the interests of the company.
Next, the founders of the company appoint a manager, but there may be several. German laws say nothing regarding the citizenship of the founders and their permanent place of residence.
Registration of a company in Germany is carried out within two to three days; during this period, the founders must be in the country. After the initial registration of a GmbH-type company, it is considered that the enterprise is in the stage of its formation.
From this moment, business activities are permitted, but in this case the founders are personally liable. Then, after 6-8 weeks, corresponding entries are made in the commercial register. After that, the founders bear liability directly proportional to their shares in the business.
It should be noted that on the second or third day, the necessary documents are signed at the notary. On the same day, a current account must be opened, to which the share capital is transferred by non-cash method.
Payment for notary services directly depends on the number of founders of the organization, and averages about one thousand euros.
When owning a GmbH company, financial tax reports are submitted every month to the relevant authorities. And annually, based on these reports, a balance sheet for the year is compiled, and tax returns are prepared.
If a foreign person registers a company in Germany and becomes a founder, it is possible to obtain a business visa, which is valid for up to one year. After one and a half to two years, provided that the company is operating and generating income, the founder is appointed as director. Then he may file a petition to obtain a residence permit for himself and his family. And subsequently, citizenship may be obtained.
It is worth noting that business immigrants have advantages over foreign persons immigrating by other means.
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