Foreign businessmen who want to
open a company in Koln are advised to invest in the fields of automotive and chemicals, as they are the most important sectors. However, investment opportunities can appear in other fields as well. Regardless of the business field in which the
company is incorporated, the investors should know that the procedure of
company formation in Germany is applied in the same manner at the level of the entire country, including
Koln.
Our team of company formation representatives in Germany can offer more details and assistance to the investors who want to operate here.
Register with the Company Register
When
opening a company in Germany, the investors will need to register with the
Company Register, the main institution which provides information on all the
companies registered in this country. It provides legal details on the businesses set up here, including their
legal entity, information on their business addresses, current financial situation and many others.
Choose a legal entity in Koln
In order to
set up a company here, the investors will need to designate a
legal entity for their business. Depending on the
size of the company, its operations and capital, businessmen can set up one of the following
legal entities:
• joint stock company;
• general partnership;
• limited partnership.
Investors should also be aware of the fact that they can also
set up a sole proprietorship, which is recommended for businessmen who want to
operate a company in their own name. However, this type of legal representation is indicated for
small businesses, with fewer operations. It is also important to know that its
taxation system differs greatly in comparison with other
business forms.
Our team of company formation experts in Germany can assist investors with more details on this
business structure.
Register for taxation in Koln, Germany
Companies in Koln are liable for numerous
corporate taxes, including those related to the
company’s employees.
All
companies performing
taxable activities in Germany are required to pay the
corporate tax. They are also required to collect the
Value Added Tax (VAT) from their customers and during the procedure of
company registration in Germany, the investors have to register with the relevant authorities.
It is important to know that Germany imposes different levels of taxation related to the VAT.