Starting a business abroad can be a daunting prospect, whether you are just starting out or are hoping to expand into new territories. The good news is that it doesn’t have to be as difficult as going through the process of registering a new company; you could instead buy a local enterprise and build your brand with far less fuss.
Why choose the German market?
Germany has one of Europe’s strongest economies, due to the fact that it has a well-established reputation for exports (it is the third largest exporter globally, in fact), low unemployment rates that are supported by a skilled, highly educated workforce, a robust infrastructure that protects employee’s rights and much more.
One of the great things about starting a business in Germany is that laws aren’t discriminatory when it comes to foreign owners, so everybody has access to a fair, level playing field. Businesses are instead categorized as limited companies, joint-stock companies, or under one of the types of partnerships.
When buying a pre-existing company, often known as a shelf company, you won’t need to perform the typical formation procedure or registration – and it typically won’t have any prior commercial activity that will impact the objectives you have in mind. This means that it will be fully functional, while still having the ability to tailor it to your needs.
The benefits of using a shelf company
Shelf companies in Germany can be large or small and won’t be subject to the usual compliances of newly-founded companies. If you make the correct purchase, you should be able to enjoy a clean background and trustworthy history that could work in your favour when applying for credit or attracting investors. Other benefits include:
- You can choose a company with a name that already aligns with your business or undergo a simple name-change process
- Access to an official German address
- Fast establishment in Germany with little documentation
- Better consumer confidence
- Easier to secure suppliers
Germany is one of the most prosperous countries in the world. The country is also known for its high-quality education and its rich culture. There are many reasons why it is worthwhile doing business in Germany.
Large and Diverse Market
Germany is the largest economy in Europe and the fifth largest in the world. It has a population of over 84 million people and is growing rapidly. This means there is a lot of potential for businesses to succeed in Germany.
Skilled workforce
Germany has a well-educated workforce, which is a major advantage in the competitive world economy. This means businesses can rely on experienced professionals to help them run their businesses.
Strong Infrastructure
Germany has a strong infrastructure, which makes it easy for businesses to get things done. This includes access to high-quality public utilities, good transportation systems, and a strong economy. Germany’s stable political environment is a significant advantage for businesses, as it provides a sense of security and predictability for business operations.
Stable Political Environment
Germany is a politically stable country, which is a major advantage for businesses. This means businesses can trust that the government will not change the rules of the game suddenly, which could disrupt their operations. In addition to a stable political environment, Germany also has a strong legal system that protects the rights of employees and offers a high degree of legal certainty for businesses.
Low taxes
Germany has some of the lowest taxes in the world, which makes it an attractive place to do business. This gives businesses the ability to save money, which can be used to expand their operations or hire new employees. Germany’s low taxes make it an attractive location for businesses looking to save money and invest in their growth, while still benefiting from a highly skilled workforce and a strong economy.
Strong Business Culture
Germans are known for their business skills and efficiency. This makes it easy for businesses to get started and grow their operations. In fact, businesses need not start from scratch. Germany’s strong business culture is characterized by a focus on quality, precision, and reliability, which can translate into long-term relationships with suppliers and customers. Additionally, the German business culture values innovation and embraces new technologies, making it an ideal location for businesses that are looking to stay ahead of the curve and continuously improve their operations.
Strong and Growing Economy
Germany has a strong economy, which is a major advantage for businesses. This means businesses can rely on strong customer and market demand to succeed. Germany is growing rapidly, which means there is plenty of opportunity for businesses to succeed.
Rich Culture
The country has a rich culture. This means that businesses can find talented employees and find inspiration for their business ideas.
High Level of Democracy
The country is a member of the European Union, and it is one of the most stable and prosperous countries in the world. Power is shared between the executive, legislative, and judicial branches of government making this a place where decisions are made in a fair and democratic manner.
Excellent Quality of Life
The country offers a great deal of social and economic stability, and its citizens enjoy high levels of education, health care, and personal security.
These factors make Germany a good place to make business. There are many opportunities for businesses to succeed in Germany. If you are looking for a stable economy, high-quality education system, stable government, and rich culture, then Germany is the perfect place for you.
Important information about buying a shelf business
When entering the German market, standards are typically high and there will be a host of important, local laws and rules that will need to be adhered to, so it can be worthwhile to get assistance from an international company formation service that specialises in German businesses, such as the Ressler Office.
