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. […]read more
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 […]read more
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 […]read more
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 […]read more
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 […]read more
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 […]read more
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 […]read more
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 […]read more
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 […]read more