Germany

For some odd reason I haven’t heard too much of Germany lately and yet, quietly sitting in the middle of Europe they have managed be the fourth country in the world by nominal GDP. They do have a large population of 80 million and almost 73% of them are from age 15 to 64. The working population has been growing for couple of decades and managed to reach from 65% in 80s to almost 73% in 2012.

The main language used for communication is German and as the official language out of 24 official languages used in Europe union. The education level is considered to be quite high. As more that 99% of the population over the age of 15 can read and write. Germany also takes the 6th place in the world by the Human development index. Having HID of 0.911.

Economy

The labor force of Germany is considered to be one of the highly skilled labor force in the world. Having one of the highest level of labor productivity in the Europe Union. More that 70% of the total GDP comes from the service sector. The last 28% is taken up by industry and remaining ~1% comes from agriculture. The unemployment rate is a bit above the 5% mark. The highest company in Germany is Volkswagen AG car, motorcycle, engine manufacturer with more that half million of employees world wide. The government of Germany plans to go fully-renewable till the year 2050.

Company registration

You might have heard of a company with the abbreviation GMBH. This is one of many types of companies that usually get registered with in Germany. The closest translation to GmbH company would be a Limited company and the AG or Joint stock company. Also Limited Partnerships or KG, a form of Limited Partnership with a Limited Liability Company as a General Partner also know as GMBH & CO KG, General partners or OHG, and Civil Law Partnership or GBR.

Law

Tax in Germany is based on the Basic Law that currently includes 30 statues in itself. The standard corporation tax in Germany is 15%. German has double taxation treaties with most of the countries in the Europe Union and countries worldwide: Brazil, China, Australia, India, US and Japan. There is no licence fee for companies incorporated in Germany. If you are looking for a place to start legitimate business in, Germany could be one of the options, as the country has excellent political stability, stable economy, highly skilled workforce and excellent trade opportunities for foreign sale and exchange of goods.