Actually, registration of a limited company formally only requires 1 EUR in Germany since 2008. This 'UG' company will then accumulate 25% of its annual profit

Actually, registration of a limited company formally only requires 1 EUR in Germany since 2008. This 'UG' company will then accumulate 25% of its annual profit until 25,000 EUR is reached, at which point it is transformed into a GmbH. The notary costs are significantly less than with a GmbH and the process is much simpler.