Insights
Key Considerations for Managing Business Expansion in Germany
Expanding your business into Germany is an exciting step - but it comes with its share of challenges, particularly when it comes to managing administrative and regulatory requirements.
Klaus Xhaxhiu on Greenfields’ Compliance Solutions
Klaus Xhaxhiu, Greenfields' Head of Compliance, leads the company's client-centric compliance and AML solutions in Germany, adapting to evolving regulations with an emphasis on technological innovation.
Breaking: Marcus Friedrichs joins Greenfields!
Greenfields is excited to announce Marcus Friedrichs will join as Managing Director on October 1st, 2024.
Greenfields reaches EUR 1 billion AuA in Q1
Greenfields, a German Corporate Service Provider, quickly reached over EUR 1 billion in facilitated investments during its first quarter, thanks to its comprehensive services for international clients.
Financial Statements in Germany
In Germany, businesses generally must prepare annual financial statements, including a balance sheet and profit/loss statement, with exceptions for smaller entities and varying requirements based on company type and international operations.
Liability of Managing Directors in Germany
In Germany, GmbH managing directors face both internal liability to the company for failing in their "diligent businessman" duties, and external liability to third parties in specific cases like unpaid taxes or misrepresentation.