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- minimum number:
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- one
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- individual / legal entity:
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- only individual
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- residence:
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- The director does not have to be a resident of Germany/EU, however, when appointing a non-resident director, the following is required: 1) the director can stay in Germany on a regular basis, if needed; 2) a nominee general attorney (Prokurist) provided by German agents is appointed. - public register
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- minimum number:
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- one
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- individual / legal entity:
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- individual / legal entity
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- residence:
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- no requirements; - public register
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Secretary:
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no requirement to appoint a local secretary (but it is recommended)
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- share capital
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- minimum share capital is EUR 25 000; - at least 50% (i.e. EUR 12 500) must be paid in before registration
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Financial statements, tax returns, and audit
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Preparation and submission of FS and returns is required. Submission of Annual Return is required
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Total cost of incorporation (including preparation and provision of originals constitutive documents of the company, as well as company seal)
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from EUR 5 800. The cost does not include apostille or translation of documents from/into German. Apostilled set of documents in German – EUR 1 600. Translation of apostilled set of documents into English/Russian – EUR 1 200
*The final cost will depend on the corporate structure of the company, the number of shareholders and directors, the peculiarities and volume of the company's business activity, and whether it is necessary to apostille or legalize the company's documents. |
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New company registration time
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3-5 weeks after filing for registration
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Annual maintenance of the company, including registered office, but not including Compliance fee
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from EUR 2 200 starting from the first year, including registered office and CCI membership, not including nominees or audit
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Fee for nominee director (if necessary)
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from EUR 12 100 per year. Fee for the nominee general attorney (Prokurist) – EUR 6 050 per year
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Ordinary non-unique nominee director and shareholder, per year (if applicable)
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nom. director – USD 640 / year;
nom. shareholder – USD 480 / year (including 1 general power of attorney); 1 general power of attorney - from USD 720 |
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Preparation and submission of FS and returns for a non-dormant company
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Preparation of annual financial statements:
- minimum fee is USD 2 200; - in the case of non-dormant financial statements, the fee is charged at hourly rates*; **The fees for preparing annual financial statements and tax returns, quarterly VAT returns, and conducting audit are charged based on the time spent at hourly rates ranging from USD 100 to 350, depending on the type of work and qualification of a specialist involved. |
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Setup and registration:
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Registration procedure:
- checking the proposed company name; - signing the Memorandum of Association before a notary public; - opening a bank account; - incorporation; - obtaining national and EU VAT numbers. Registration is usually completed within 6 to 8 weeks after submission of application. GmbH is established by members signing a memorandum of association. The memorandum is signed by members in the presence of a notary who certifies their signatures. The notary makes a GmbH establishment protocol and certifies the signatures of managers on the application for entering the company in the commercial register. A bank account is then opened – the opening procedure takes no more than 30 minutes. Upon account opening, IBAN and BIC / SWIFT will be provided immediately. The minimum share capital is EUR 25 000, i.e. it is enough to transfer at least EUR 12 500 for registration. This amount can be transferred to a newly opened account from any (own or someone else's) account either in Germany or abroad – there are no restrictions. The share capital is not blocked in the account; it can be used. The share capital must be transferred within 1-3 months (if later, the notary will be sending reminders). After receiving the share capital in the account, the bank issues a confirmation in the form of a bank statement that will be delivered to the notary. The notary sends the confirmation of payment of capital to the commercial register - and in 1.5-3 weeks the GmbH is incorporated. After incorporation, an application will be submitted for a national and EU VAT number. |
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Real office
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Renting an office up to 30 m2 costs EUR 300 to 650 / month
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Account opening
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from EUR 1 820, as part of incorporation of the company, mainly: Commerzbank, Deutsche Bank
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Compliance fee.
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder), - signing of documents |
EUR 350 (standard rate – includes the check of 1 individual) +
EUR 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + EUR 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL EUR 450 (check for High Risk companies, including the check of 1 individual) EUR 100 (signing of documents) |
The fees are valid as at March 2023.