Germany has an open and international outlook, a well-educated workforce, and a strategic location that creates an attractive fiscal climate. Greenstep offers global consultancy services to ensure smooth and effortless operations in Germany and over 100 other countries.
Are you looking to expand your business to Germany? There are many financial, regulatory, and legal considerations for companies operating in Germany. Greenstep offers global consulting services for the possible challenges of internationalization.
Avoid unnecessary trial and error and common mistakes with a financial advisory partner who can guide you through the various steps of internationalization and ensure that you comply with all requirements. With a comprehensive global partner, expansion into Germany and over 100 other countries is as easy as possible. Are you ready to go?
Income and trade taxes
All profits made by a GmbH in Germany are subject to corporate income tax, which in Germany is 15% plus a solidarity surcharge of 5.5%. In addition, each company is subject to trade tax, which varies between 7% and 17.5% depending on the municipality in which the company is based.
Setting up a business in Germany
To set up a business in Germany, you will need to register your company with the local trade office and obtain a tax number and other necessary permits and licences. You will also need to set up the accounting and tax systems, open a business bank account and obtain insurance.
Salaries in Germany
Salaries in Germany vary according to sector, region and job description. The average monthly salary is around 3,500 euros before taxes and deductions. Salaries and reporting are handled by our local partner in Germany.
German income tax
The income tax rate in Germany rises from 14% to 42%, and in some cases to 45%, depending on income. Non-residents are only taxed on their German source of income.
Hiring in Germany
Labor laws in Germany provide protection of employees and include regulations on minimum wages, working hours, holidays, parental leave and termination of employment.
VAT in Germany
The standard VAT rate in Germany is 19% and a reduced VAT rate of 7% applies to food and public transport.
We recognize that some countries are more important to our customers than others. Therefore, we offer tailored service solutions to provide the most value to our customers and take into account all local requirements and possible language challenges your subsidiaries might face.
With our One Touch model, we offer you a tailored solution that you can optimize exactly to your needs. With the help of MSI Global Alliance, we can take care of your financial services and help the cross-country coordination to be as smooth as possible.
Our MSI Global Partner in Germany is ADKL, which is one of the founding members of the MSI Global Alliance. ADKL employs 130 specialists and it offers services in the areas of auditing and valuation, legal advice, and tax consultancy. It has six offices in Germany and operates globally.
NetSuite clarifies your processes
NetSuite is a cloud-based business management system that is tailored to support the unique needs of your business. Projects include evaluating and adapting entire financial processes for scalable operations.
Bezala makes expense claims easy
Bezala has been developed by Greenstep to help you claim expenses quickly and easily. Instead of collecting receipts and carrying them from one country to another, you can take a photo of your receipts and send them directly to the accounting department without wasting your time on copying, scanning, and writing reports. With Bezala you can also claim per diems and mileage claims.
Mileage allowance in Germany: 0.30 €/km
Per diem in Germany: 28 €
