Possible costs of setting up a company

What costs should companies expect?

Setting up a company abroad is always associated with costs. In order to be able to plan your financial budget - especially for the start-up phase - you should therefore find out about the costs involved in advance. Below you will find a list of the most important costs for company founders.

Costs due to company formation

How much capital is needed to set up a company? Whether OHG, KG or GmbH - the choice of legal form answers your question. In most cases, however, the GmbH is the most favourable legal form for foreign company founders. In addition, there are the statutory fees for the lawyer, the tax consultant, the notary and the fee for entry in the commercial register. The share capital for a GmbH is EUR 25,000 plus fees.

Costs for personnel

Recruitment is usually carried out through the employment agency, personnel or management consultants, job portals and adverts in the local and national press. In order to operate successfully on the German market, it is advisable to hire one or more German-speaking employees. In addition to language skills, the role of liaison between the foreign company and German customers or suppliers is also very important. The gross salary depends on the employee's qualifications and is paid monthly. The average annual salary of a commercial employee can be between EUR 30,000 and EUR 40,000.

We will be happy to assist you in your search for qualified employees and provide you with information on the points to consider (salary level, insurance, employment contracts, etc.).

Costs for office space

The cost of office space in Hamburg depends heavily on the location and facilities. The average monthly rent is currently around €17.50 per square metre and the top rent is around €31, plus the cost of heating, electricity and telephone. Office space in Germany is usually rented unfurnished and renovated. The necessary investments for furniture, office equipment, renovation after moving out, etc. are not included in the rent. An office in a coworking space is an alternative for companies that do not want to invest in business premises at the start of their activities. Here, not only furnished rooms are offered, but also services such as secretarial services, conference rooms, office equipment (telephone, fax, computer, printer, etc.). Another advantage of an office in a coworking space is the more flexible terms of the lease, which can also be cancelled at short notice. The monthly rent, including services, is around €150 to €500 per workstation.

We offer you a wide range of specialised property-related services to help you find suitable offers - free of charge and with absolutely no obligation on your part.

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