3 ms·
German business owner here. The accountants and tax lawyers here have all told me the UG is looked on with suspicion by the tax authorities. Don't start a comp
by ohthehugemanate 9y ago
German business owner here. The accountants and tax lawyers here have all told me the UG is looked on with suspicion by the tax authorities.
Don't start a company in Germany. Don't take it from me, take it from the World Bank, which ranks Germany 114th in the world for ease of starting a business. Just narrowly edging out the Dominican Republic.
It sucks.
- ahartmetz 9y agoDunno, I know a happy owner-employee of an IT consulting GmbH and I'm currently setting up my own, 2/3 of the way through. It doesn't seem like a big deal. I kind of expected more bureaucracy tbh ;)
- pgeorgi 9y agoBureaucracy in Germany is an interesting meme. Everybody complains about it, I did as well. Then I encountered the bureaucracy in the US. It's even more forms, more officials that get a say about everything (Different sales tax at all levels down to the county, wtf?), they're slow to deal with even for non-complex matters (the reason why Zootopia's DMV employs sloths totally went over the heads of most of my [German] acquaintances), and with little organization. On a tangent (since it's not "public" bureaucracy per-se): You get a corporate bank account with credit line within a day in the US. That's wonderful. Now try to send money to an account at a different bank within the country, within a day. I'll wait. So yes, Germany has a huge bureaucracy. But work with them and they'll work for you (I got tons of useful advice, for free, when I asked them how to approach whatever it is I went to them in the first place) - and compared to many other places bureaucracy seems highly efficient here.