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Starting a GmbH theoretically requires 25.000 € in Germany, but you only have to pay in half of that in the beginning. I think in Switzerland it's similar? If
by ThePhysicist 6y ago
Starting a GmbH theoretically requires 25.000 € in Germany, but you only have to pay in half of that in the beginning. I think in Switzerland it's similar?
If you don't want to invest 5-10 T€ to start a company you can look into Estland's eResidency programme, which enables you to start a limited liability company there, giving you access to the EEA market as well.
- atemerev 6y agoIt is not about capital, it is about the bureaucracy (and Germany is not the easiest country to open a company, too).
- est31 6y agoSince a few years you can start a GmbH for 1 €, but in the case of hitting Germany's chapter 11 analog (Insolvenzverfahren) you have to pay up to those 25k€ until limited liability kicks in.
- nairboon 6y agoYou have to fund only half of it in the case of an AG. For GmbH the 20k are the minimum, although it doesn't have to be cash.
- jononor 6y agoIn Germany one can start an Ug and convert to a GmbH later. There is bureaucracy though, almost everything has to be done at a notary, in person. And they will expect you to speak German. Have done it as a non-German speaker though (pre Corona). In terms of the difficulties one has running ones own company succesfully, it does not rank high. But it is easy to complain about I guess.