Anyone Can Establish a Company
The Bank Account
Anyone running a company in Germany should have a bank account in Germany. To open a bank account, you usually need only a valid passport and a confirmation from the residents registration office that your place of residence is in Germany. In many banks, it is possible to have accounts in foreign currencies. Practically all large inter-national banks are represented in Germany.
Entry in the Commercial Register
The commercial register is a list of all business persons and business companies and can be viewed by anyone free of charge at the local court as well as online. It con-tains information on the names of the companies, their legal form, and their partners. Principally all business persons and companies are required to be registered in the commercial register. The application for entry into the commercial register must be submitted in a form certified by a notary.
Registering the Business
The first step when establishing a business as a business person is to fill out the business registration at the local trade licensing office, as a result of which the business is entered in the local trade register. The office forwards the registration to the tax authority, the regional association of professional trading associations, and the chambers of industry and commerce or chamber of skilled crafts. A license of approval for the business registration is not necessary in the majority of cases.