The German market is of interest to many foreign investors. However, there are a lot of legal and tax aspects that need to be considered when entering the German market.
GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London - www.grprainer.com/en conclude: In the context of ongoing globalisation, entering the German market is becoming increasingly interesting for foreign investors, but it is not only foreign customs that apply in foreign countries but also, in particular, different laws. For this reason, foreign investors who wish to establish or take over a company in Germany ought to obtain the assistance of competent lawyers and tax advisors from the outset. When setting up or acquiring a company, particular attention must be paid to aspects of national and international company law, national and international commercial law and tax law.
Even the choice of where to locate the registered office can influence the company’s commercial success. There are various rates of trade tax and different promotional measures which one can partake in when establishing the company. While cities and municipalities are generally interested in the creation or retention of jobs, environmental protection requirements also have to be observed on site where applicable. Good transport links are also usually crucial.
Furthermore, one has to select the corporate form which best suits the expectations of the company. Each type of company entails different legal and fiscal consequences.
Similarly, national and international regulations need to be taken into account when drafting contracts to ensure expensive legal disputes do not arise at a later date. Qualified legal representation is vital in order to avoid falling foul of national and international commercial law and thus prevent costly litigation in advance.
If legal disputes nevertheless emerge, lawyers who are competent in national and international law should be charged with safeguarding and enforcing interests. They are able to pursue and defend rights domestically and abroad as well as assume responsibility for representation in national and international litigation.
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