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You could start a limited company without a capital of 25 000 € at a cost which is comparable to the UK's for seven years now (the so called Mini-GmbH, or forma
by germanier 11y ago
You could start a limited company without a capital of 25 000 € at a cost which is comparable to the UK's for seven years now (the so called Mini-GmbH, or formally UG (haftungsbeschränkt)). Sure, it could be much easier (see Estonia as an example) but it isn't much better in the UK than in Germany.
- gingerlime 11y agoI don't remember the exact reasons. Possibly due to our share split agreement or just wishing to have a "real" company, but my co founders opted for GmbH over UG. In any case it's a relatively small hurdle either way, but still something you have to work out and decide during the early days.
- germanier 11y agoAn UG is legally exactly the same as a GmbH (they share most of the laws) with three differences: * No required minimum capital * Different name (which signals business partners that you didn't put down the minimum for a GmbH) * You have to leave 25% of the company's earnings in the company until you reach 25k Everything else, including all possible agreements between the owners is the same.