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Germany

Germany Flag

Country: Germany
Region: Europe
Currency: Euro (EUR) (€)
Languages: German
Time Zone: UTC +1

Phone Code: +49

Communications: Very Good

Formation Cost: 4000 - 5200 USD$
Formation Time: 15 - 25 days
Maintenance cost: 2100 - 3500 USD$

Executive Summary: Reunified in October 1990, following its division into East and West Germany after the Second World War, Germany is one of the top world economies (and is the leading economy within Europe), with a population estimated at 81,305,856 in July 2012. The country is rich in iron ore, coal, timber and copper, but it is the service sector which dominates the economy, with around 70% of German workers empoyed in this area (industry and agriculture account for the remainder). Corporate income tax is imposed at 15% plus an additional 5.5% solidarity surcharge, and a local corporate income tax known as the trade tax, which is imposed at is levied at a rate of 3.5%, multiplied by a local factor which varies between 200% and 490%, giving an effective rate of between 7% and 17.15%. The highest personal income tax rate is 45%, and the standard VAT rate is 19%. Business structures commonly used in Germany include the Limited Liability Company (Gesellschaft mit beschränkter Haftung (GmbH)) and the Joint Stock Corporation (Aktiengesellschaft (AG)), with the former structure the most popular. In early 2013, there were 95 tax treaties in place.

Suitable for: Wealth Management |Treasury Management, Fund Management, Yachting, Trading Financial, Intellectual Property/Licensing, Holding Companies, E-commerce, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, joint stock companies, branches, general partnerships, limited partnerships and civil law partnerships

Capital primary business districts: Berlin, Frankfurt

Good Relationships: Austria, Belgium, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, India, Ireland, Israel, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Pakistan, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Turkey, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Heavy

Headline tax rates: CIT 29.875%, PIT 14%-45%, VAT 19%

Treaty Jurisdictions: Albania, Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia, Ghana, Greece, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Kazakhstan, Kenya, Korea, Republic of, Kosovo, Kuwait, Kyrgyzstan, Latvia, Liberia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Namibia, Netherlands, New Zealand, Norway, Pakistan, Philippines, Poland, Portugal, Romania, Russia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Thailand, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Zambia, Zimbabwe

TIEA Jurisdictions: Andorra, Anguilla, Antigua and Barbuda, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Cook Islands, Dominica, Gibraltar, Grenada, Guernsey, Isle of Man, Jersey, Liechtenstein, Monaco, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, San Marino, Turks and Caicos Islands

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