Private car for business trips
As it is seen by the fiscus Private car for business trips A wholesaler sends its specialized seller to fairs within his/her working time. If the employee uses his/her own car for this, the boss will reimburse the costs without wage tax. 30 cents are due to the employee, naturally only from the 21st kilometer. […]
What is a Ltd. & Co. KG? Or GmbH & Co. KG or UG & Co. KG?
It is clearly visible that in this case a capital company is associated with a personal company, so we talk about two companies. The capital company is the one that negotiates and signs the contracts. The personal company will act, thus execute the works, issue the invoices, produces income and expenses and pays taxes. (Of […]
What is the difference among Ltd, UG, GmbH & Co. KG?
There is a difference in the extent of the founding capital (share capital). The founding capital of the GmbH is 25 000 euros, while the Ltd. may be established with one English pound, and the UG with Euro. Attention! In case of UG & Co. KG, it is not necessary to collect 25 000 euros […]
What is the process of company establishment?
You must determine the exact scope of activity of your enterprise Knowing this, we can tell if the given business activity is subject to an authorization or not If it is subject to an authorization: how the authorization happens, which documents are needed and how much time does it take? Choosing the company form Preparation […]
Costs of establishing a company
The costs of establishing a company in Germany in 2013, largely depends on the legal form. The incurred costs are best visible if we make a budget. You can see many companies who start their enterprise without obtaining information on the expenses after the establishment of the company. As an illustration, the prices of setting […]
Working in Germany with a Hungarian company?
In today’s entry, we examine the employment of Hungarian workers in Germany. Why is it important to get all information before you undertake a work with your company in Germany? For example, if you do not comply with the reporting obligations, you are punishable up to 500 000 euros. Remember our slogan: instead of paying […]
SOKA-BAU (Service +Vorsorge für die Bauwirtschaft)(Fund for construction industry holiday pay) It is the holiday pay for constructions workers employed at constructions in Germany. For the purpose that at the constructions in Germany, there are unified agreements with respect to the holiday, the German legislative body, according to the regulation on the “Posting of […]
I have not been paid, what shall I do?
I have not been paid, what shall I do? or what can I do, what legal instruments do I have to collect, obtain my receivables in Germany? I think all reader agree with us if we claim that the payment behavior has had a spectacularly large drop in the past 15-20 years, and it offers […]
Gesellschaft bürgerlichen Rechts (GbR) Civil law partnership The most popular entrepreneurial company form in Germany This company form is the simplest among the enterprises. If you wish to establish a GbR, because you would like to have an enterprise in the construction industry, we recommend you to get information about the obligations and rights of […]
Issuing an invoice in the construction industry
If you work in Germany in the construction industry, and you would like to issue an invoice, you may have to comply with the following conditions based on the rules of VOB: Of course, your company must have a VAT number Unfortunately, many individual and GbR entrepreneurs start work without a VAT number and when […]
Company liability insurance
Since you as an entrepreneur are liable for all the damages resulting from your operation, therefore you need a company liability insurance. According to the § 823 of the German Civil Code: ‘Whoever intentionally or negligently injures others’ life, body, health, freedom or any right in an unlawful manner, he/she is liable to compensate […]
Personal income tax in Germany
Who is liable to pay personal income tax return in Germany? each Hungarian entrepreneur who has an enterprise in Germany but his/her main domicile is in Hungary. each Hungarian employee who was declared as an employee at a German company each Hungarian employee who worked by posting of workers and his/her employer paid a payroll […]
Construction industry tax of 15% in Germany
Exemption from 15% construction industry tax in Germany, that is Freistellungsbescheinigung nach § 48 b. From 1st January 2003, basically a mandatory tax deduction (Bauabzugssteuer) is charged for the sum of the issued invoice of which the consigner entrepreneur is liable to deduct 15% and to pay it the competent authority. There is an […]
Useful tips for company set up Business, personal, corporate and value added tax in Germany In Germany, the corporate tax rate, that is the profits tax is 15.825% with the solidarity tax. The personal companies (individual entrepreneur, GbR, KG, GmbH & Co. KG, UG & Co. KG, and the Ltd & Co. KG) are not […]
Accounting in Germany and office services!
Of course, you can also benefit from our services if you have not established your enterprise at our company. Services after company set up! You can also benefit from our services if you have not established your enterprise at our company. Right after setting up a company, you may have different questions and several authority […]
Accounting in Germany!
Services after company set up! You can also benefit from our services if you have not established your enterprise at our company. Right after setting up a company, you may have different questions and several authority appoints are ahead. We do not leave alone after the company set up. During this, we mainly focus on the […]
Which company form is the appropriate for my enterprise?
We help you choose the appropriate company form. Before setting up the company, we recommend you to apply our overall consultation. In numerous cases, it does matter which company form you choose, for which industry sector. There is a POSSIBILITY for personal or online consultation.