Comment by redrove
1 year ago
It takes months and you’re required to go to a notary at least twice and you have to put down 12500/25000EUR.
This is absolute nonsense. In the UK you can open a limited company with 12GBP in a matter of days. Oh and it’s completely online, something which Germany will never have in the foreseeable future.
Not to mention in Germany the quarterly/or even monthly tax accountant fees that could bleed into a couple thousand easily in the first year of operation.
I'd say in Germany for starting a new GmbH you'd need at least 4-5k set on the side for lawyer/notary/accountant fees, this can be deducted from the 12.5k/25k bank account but it's a pain in the ... for the average startup.
BS, there are companies that do the notary thing for you online.