Tag Archives: Insight

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, 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.

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.

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.

Germany's 2008 GmbH reform separated the registered office from the administrative headquarters, creating distinct legal and operational address requirements with strict notification rules.

To register a German GmbH, one must define company essentials, notarize the articles, pay in share capital, and then the notary registers it with the Commercial Register.