The foundation process in Germany
How does it work, and what steps need to be taken?
The formation of a company is very much still a formal and paperwork-intensive process in Germany, which means a lot of effort for the founder. INDIPA has optimized all the steps so that the effort for the expanding company is minimal.
Preparation
From the moment that you give us your mandate to support you in setting up your company, we need about two to three weeks to have the foundation completed.
Of course we start of with some inevitable preparations to be done. We gather all necessary information to instruct our notary to draft the necessary formation documents accordingly, we liase with the IHK (Industrie- und Handelskammer, Chamber of Industry and Commerce) to have the name and the subject description of your company approved, we arrange for an appointment at the bank to open an account on behalf of your German company and we will take care of all other administrative requirements that go along with these preparations.
The foundation
For the foundation, we generally ask our customers to come to Düsseldorf for one day only, as their presence is necessary to sign the deed of foundation and to open a bank account in the name of the GmbH (in formation). In case a personal visit to Germany is not possible, we are able to manage the setup without personal presence of the founder, based upon a granted power of attorney. All the necessary paperwork will be taken care of by INDIPA.
As soon as the foundation documents are signed, you have founded a “GmbH i.Gr.”, also a “GmbH in Gründung” (meaning, a GmbH in formation).
Directly after signing the documents at the notary, we accompany you to the bank to open a bank account on behalf of your GmbH i.Gr. in order to pay in the due minimal capital.
As soon as the share capital has been paid in, we will inform the notary, who then instructs the court to have your GmbH i.Gr. registered at the German trade register. As soon as and first after your GmbH i.Gr. is registered at the trade register, your GmbH is formally founded.
After foundation, we take care of various other registrations that need to be carried out (see Your company is founded – what comes next?).
In short…
In short, we offer the following services in close cooperation with you and our cooperation partners:
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determination of the name of the GmbH – the name needs to be approved by the IHK, with whom we stay in close contact
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arranging and accompanying our customers to the signing of the deed of foundation at the solicitor
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arranging and accompanying our customers to the bank for the opening of a bank account
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registration of the GmbH with the trade register, the city of its business office, the IHK, the UBO-register (Transparenzregister) and several other German authorities
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support in the registration of the GmbH at the tax authority
INDIPA’s role
Please contact us here, in case you have any questions regarding the foundation process. Or just continue reading here, to see how INDIPA can support you in setting up your German company.
Knowledge hub
Your contact person
For all questions regarding the German market, please contact Christoph!
References
“INDIPA has been fantastic in helping us to set up a GmbH and everything that goes with it! The team has been fast, professional and a good support in such an important step. We recommend INDIPA to anyone who wants to take a leap onto the German market!”
“We have been active in the German market since 2005. Even though we speak good German and are located near the border we were looking for a German point of contact for our customers. Setting up a German subsidiary would have been too expensive at that point in time, which is why we contacted INDIPA. The costs of the services are always fair and comprehensive. We would not hesitate to recommend INDIPA!”
“Before entering the German market with our company, we heard many stories about the difficulties and necessary paperwork that would be needed.
The best choice we made was to hire INDIPA to help us with our start in Germany. They guided us perfectly through all procedures and made things very easy for us to get started.”
“Thanks to INDIPA our German Helpdesk is always available. The INDIPA staff have extensive knowledge of our company and our products and can therefore provide our customers with excellent advice over the telephone.”
“INDIPA organises our complete German customer service, including inside sales. INDIPA is integrated into our own organisation and contributes to the professional image we like to have. It is impressive how flexible and yet professional INDIPA is. We hesitated for a long time before deciding to work with them. The cooperation has led to strong growth in sales in Germany and neighbouring countries, and the success we are having proves that we made the right decision!”
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