Germany: Types Of Company
A Mini GmbH can be set up with a start-up capital of EUR1. This new type of GmbH came into existence late in 2008 and enables individuals or groups of individuals to start their own limited liability company. A Mini GmbH has to be identified as such and must set aside at least one quarter of its annual profits until a share value of EUR25,000 is reached. At this point the business becomes a regular GmbH and is entered into the trade register.