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by cmenge
3791 days ago
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For those suggesting the German UG, be aware that dissolving and operating it can be quite expensive. Fine if you have a solid business, problematic if it's more of a test and you simply needed some 'real' company for that stripe account... Yearly filing must be done by a tax accountant and you have to pay for the 'services' of the Handelskammer, which is around 800 and 200 EUR at least, respectively, per year.
Dissolving takes one year at the very least and incurs additional cost of at least EUR 500,- plus the year in which the company lives as a zombie, so 1.5k total. |
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Why I am leaving?: - My experience is that (my) accountants are bureaucrats, which may be necessary because. They only know about filling up forms and hours to charge you more and no advising. I am in a small city but the company is very big (BDO). Still the country encourages you to have an accountant (Even in the FinanzAmt, even in cases that in other countries you would do it yourself) - Taxes are huge (for a netto salary of "only" 2000€/m, so 24k year, is about 50-60k for the company). - Mentality is oposite to that of startup's. "You can feel it in the air" which means in everything you do, from lawyers, accountants, banks, even investors. - There is no benefit for investors (although I think there is some on work). However the for Handelskammer you only have to pay if revenue (or profit) is over a minimum, but I think it depends on the state. The first year that shouldn't be a big issue. Moreover, I would not start again in Germany because: - It is costly (500 min for standard basic in notary fees) - and long. No matter what they say in the official sites: is not 8 days; they don't count that you need to set (that means in advance) appointments with bank, notary, finance-amt,... usually several with each, It took me over a month to have the tax-number and wanting the VAT-number to operate internationally all was about 4 months. There is no one-stop company like in many other countries.
Sorry Germany, but in this situation it is a no-go.
Estonia, Irland, Luxemburg, I have hear about Bulgaria for low taxes too (10%). Spain, also problematic: you need to live there 50% of the year, you pay taxes even if you don't have income (this is crazy and it has been like that for... ever). Good thing, is not that high taxes and salaries are low for a very skilled people.