Tag Archives: Insight
Simplifying Business Formation and The Role of Shelf Companies
Starting a business in Germany is an exciting journey - but navigating the formation process can be time-consuming and complex.
Effortless Business Administration, Offices and Staff in Germany
Efficient business administration is essential for success, but managing daily operations while focusing on growth can be a challenge.
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.
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.