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There are multiple options to create a German limited company available to you. You can find a local notary who speaks English via notar.de. They will be able t

There are multiple options to create a German limited company available to you. You can find a local notary who speaks English via notar.de. They will be able to prep everything for the company formation. If you need help with opening a bank account, trade and tax office setup you can use different service providers. If you have severe time pressure buy an off the shelf company. You can do this via most notaries or directly with vendors like foris or blitzstart. If you go that route you will pay roughly 1.5k more. Also make sure you pick your location. Do not buy an off the shelf company in Munich and try to transfer to Berlin. This will severely slow you down. I am running one platform in that space (www.firma.de/en/). Feel free to reach out via ck AT firma DOT de and I am happy to jump on a zoom call. There are surely more things to cover.

zurfer 6y ago
Thanks for the details! Fortunately we don't have time pressure. Firma.de looks great. Is Penta compatible to your oferring? Say, we don't want the commerzbank account but open the Penta account instead. Ideally we manage to automate and outsource also the regular accounting. Here Penta seems to have the better integrations.
- chrisked 6y ago
  Yes, Penta is compatible with our offering. We do have a great partnership with Commerzbank (https://www.commerzbank.de/portal/de/unternehmerkunden/produkte/konto-zahlungsverkehr/gruenderangebot/gruenderangebot.html https://www.commerzbank.de/portal/de/unternehmerkunden/produ...) but you can pick any bank to deposit your share capital and run operations. We are actively referring customers traditional German banks as well as different neo banks. It is a little difficult to compare Penta with Commerzbank. First of all, Penta is not a bank while Commerzbank is. Penta is an user interface on top of Solarisbank (https://www.solarisbank.com/en/ https://www.solarisbank.com/en/). Once you are registered with Penta you will receive your bank details from Solarisbank (BIC SOBKDEBBXXX). Second, Penta does not have the important accounting integrations yet. As of today they offer you lexoffice, sevDesk, CANDIS, Debitoor, Buchhaltungsbutler or FastBill. This integrations are actively used by the entrepreneur and not the tax firm. This services or tools are all good, but if you are looking to outsource what you want is an integration to DATEV (https://www.datev.de/ https://www.datev.de/). DATEV is the number one tax software provider and used by all major tax accounting firms in Germany. Commerzbank offers you an integration to DATEV via their COINFO service so that all banking transactions flow into your accountants system automatically. You can achieve the same thing with integrations Penta offers, but then you will use these service as a proxy to DATEV. Penta is working since more than 2 years on a DATEV integration. I assume it is just a matter of time when they can provide this natively (https://help.getpenta.com/en/support/solutions/articles/15000008812-can-i-integrate-my-penta-account-with-datev- https://help.getpenta.com/en/support/solutions/articles/1500...). If you have more questions feel free to reach out or reply here.
  - luzoerner 6y ago
    Penta CPO here. The DATEV topic won’t be a blocker anymore very shortly :) Very happy to chat further or help you get set up!

zurfer 6y ago

Thanks for the details! Fortunately we don't have time pressure. Firma.de looks great. Is Penta compatible to your oferring? Say, we don't want the commerzbank account but open the Penta account instead. Ideally we manage to automate and outsource also the regular accounting. Here Penta seems to have the better integrations.

chrisked 6y ago
Yes, Penta is compatible with our offering. We do have a great partnership with Commerzbank (https://www.commerzbank.de/portal/de/unternehmerkunden/produkte/konto-zahlungsverkehr/gruenderangebot/gruenderangebot.html https://www.commerzbank.de/portal/de/unternehmerkunden/produ...) but you can pick any bank to deposit your share capital and run operations. We are actively referring customers traditional German banks as well as different neo banks. It is a little difficult to compare Penta with Commerzbank. First of all, Penta is not a bank while Commerzbank is. Penta is an user interface on top of Solarisbank (https://www.solarisbank.com/en/ https://www.solarisbank.com/en/). Once you are registered with Penta you will receive your bank details from Solarisbank (BIC SOBKDEBBXXX). Second, Penta does not have the important accounting integrations yet. As of today they offer you lexoffice, sevDesk, CANDIS, Debitoor, Buchhaltungsbutler or FastBill. This integrations are actively used by the entrepreneur and not the tax firm. This services or tools are all good, but if you are looking to outsource what you want is an integration to DATEV (https://www.datev.de/ https://www.datev.de/). DATEV is the number one tax software provider and used by all major tax accounting firms in Germany. Commerzbank offers you an integration to DATEV via their COINFO service so that all banking transactions flow into your accountants system automatically. You can achieve the same thing with integrations Penta offers, but then you will use these service as a proxy to DATEV. Penta is working since more than 2 years on a DATEV integration. I assume it is just a matter of time when they can provide this natively (https://help.getpenta.com/en/support/solutions/articles/15000008812-can-i-integrate-my-penta-account-with-datev- https://help.getpenta.com/en/support/solutions/articles/1500...). If you have more questions feel free to reach out or reply here.
- luzoerner 6y ago
  Penta CPO here. The DATEV topic won’t be a blocker anymore very shortly :) Very happy to chat further or help you get set up!