Appointing a Managing Director for a Canadian MedTech Startup

Sounds simple? It’s not. From identifying the right candidate to understanding and meeting local obligations and regulations, getting this right is essential for a successful and compliant launch.

With support from Greenfields, the company:

✅ Appointed a qualified director provided by Greenfields in accordance with German law

✅ Navigated liability, authority, and residency requirements

✅ Registered changes with the commercial register (Handelsregister)

✅ Met transparency and AML compliance under German law

Why the Role of Managing Director Is So Crucial in Germany

Appointing a Geschäftsführer (MD) is more than naming a contact person. It involves:

📌 Legal Representation – The MD manages daily operations and legally represents the company

📌 Compliance & Accountability – The MD holds personal liability for the company’s actions

📌 Authority & Banking Access – Key decisions and account management depend on this role

📌 Residency & Tax Substance Considerations – Local presence often accelerates processes and demonstrates genuine economic activity

💡 Need to appoint a managing director for your German company? Let’s connect!