Business in Germany for Russians: advantages, features, ideas, registration

Advantages of doing business in Germany

Compared to other EU countries, Germany's political and economic systems are the most stable.
Thanks to this, the country is considered one of the best in the European Union for running small and medium-sized businesses. Article navigation

• Why Germany?
• Low lending rates
• Highly qualified staff
• Cooperation with tax authorities
• Features of business in Germany
• Features of small businesses
• Promising business ideas in Germany
• Fast food place
• Salon
• Handmade
• Which business is the most profitable?
• Is it possible to start a business in Germany from scratch?
• Is it possible to get a loan for business development?
• How to open a business in Germany for a Russian
• Business planning in Germany
• Choosing a legal form of business
• Freiberufler: a completely new business system
• Taxation in Germany
• Company registration in Germany
• Basic documents for business registration
• Purchasing an existing business
• Which business is more profitable to buy?
• Business in Germany and residence permit
• German visa requirements
• Business immigration: what is needed for this?

Modern Germany is interesting for domestic entrepreneurs who are looking for a way to open a company in another country. Germany attracts businessmen from all over the world for a number of reasons. There are no restrictions regarding foreign capital, except for the company’s obligation to record all financial transactions with banks.

Why Germany?

Anyone with capital and skills can open their own company in Germany. The country is attractive because of its favorable climate for the development of small and medium-sized businesses, government support, and the stability of its political and economic systems. Earnings in Germany are much higher than in other EU countries or Russia.

Low lending rates

If you have a positive credit history, you can count on receiving loans from German banks. The average rate here is 4%, which is much more profitable than in domestic financial institutions. Obtaining borrowed funds for a Russian business is usually impractical due to additional rates of Russian banks.

In Germany today you can get a loan for almost any type of business, including the service sector.

Highly qualified staff

The main feature of Germany is that it is customary to study a profession here. The Germans cannot imagine that a salesperson in a store can be without specialized education. An employee spends several years learning how to sell, studying the basics of legislation and even the psychology of sales.

In addition to rigorous training and high competition, it should also be noted that the best specialists from different parts of the European Union come to Germany. Despite this, highly qualified personnel in Berlin are cheaper than in Moscow.

Cooperation with tax authorities

Communication with the tax service and other government bodies takes place according to the American principle - in absentia. For the first three years, the business is not touched, so you can even file reports of a complete lack of profit. This won't surprise anyone here. But after a three-year period, the “assistance regime” on the part of the inspection authorities ends and all specified data will be carefully checked.

Other advantages of doing business in Germany include the following:

• the opportunity to sell your goods or offer services under the German brand;
• money invested in the company is considered foreign investment and is reliably protected by the state;
• possibility to return VAT;
• the right to use accounts in German banks, which are among the most reliable in the world;
• investors receive multiple annual business visas;
• the right to apply for grants and subsidies.

Positive and negative sides for Russian citizens

Speaking about the main positive qualities of creating companies in a given state, it is worth remembering:

• Low interest rates on loans.
• Highly qualified specialists who often help foreigners develop and grow their businesses. Even sellers in grocery stores are required to have special specialized education. It is possible to obtain it only after two or three years of study.
• There is no minimum wage, so employees will be able to work the amount of time necessary for successful work activities. If people work for one hour every month, then the wages will also be equal to this working hour.
• The presence of an absentee regime when passing all communications with the tax office. During the first three years of the company's operation, the businessman will not receive any comments. However, after this period of time, tax representatives will carefully study all your data.
• Opportunities to sell products under a German brand.
• Possibility of submitting documents in order to obtain a permanent residence permit for you and close relatives.
• Conducting a transparent business and the ability to expand it and open branches in the European Union.
• Insurance in accordance with special tariffs, receiving subsidies and loans from German banks.

However, you should also be aware of the disadvantages.
Here we will talk about fairly high competition, which often contributes to the destruction of business, small margins in contrast to Russia, a completely different mentality of the nation (you will have to interact with such employees, clients and partners), and strict sanctions that are applied in situations of violations. Although the overall picture shows that the process of implementing a new business in Germany has greater advantages than disadvantages.

Three worst ideas for business immigration to Germany:

Features of business in Germany

Features of business in Germany for Russians may differ depending on the federal state.

For example, heavy industry and energy companies concentrated their activities in Vorpommern. Therefore, energy sources here are much cheaper.

In Germany, there are framework laws - general provisions for entrepreneurs. At the legislative level, business processes are regulated in general terms, and separate provisions are prescribed for each region.

It is impossible to single out the most attractive and popular business in Germany. It all depends on the type of activity that the entrepreneur prefers.

Every year, Bavaria attracts more and more business owners associated with advanced technologies and developments.

This division of regions into areas of activity is dictated not by the legislative framework or government policy, but by the traditions that existing companies have developed over many years. Traditions here are considered a more important criterion than legislation.

In the Russian Federation, the USA and some European countries there is the concept of a “special economic zone”. There is nothing like this in Germany. Before starting a business, you should definitely take into account the presence of an industrial tax in the country, which, depending on the federal state, can be 15–20%. Each business area pays a certain percentage.

Features of small businesses

Today, more than 600 thousand small enterprises are registered in Germany, which are engaged in a total of 97 types of activities. Almost a quarter focused their work on exports.

According to the Federal Ministry of Finance of Germany, as of 2017, the volume of investments in the development of small businesses in the country amounts to 51.5% of all financial injections into the country.

Such a wide spread and development of small and medium-sized businesses in Germany is dictated by a simplified registration system. The main indicator of this form of ownership is the company’s annual turnover, which does not exceed 250 thousand euros.

Today in Germany, immigrants from Serbia, Turkey, the Maghreb countries, Poland and Russia are providing various types of services. Expats can open small restaurants, dry cleaners, shops, etc.

This business situation suits the local population, since they themselves prefer to work in the field of information technology, chemistry and pharmacology, where a high intellectual level is needed.

Government support for small businesses

One of the features of small business in the country is the development of the innovation sector. Back in the second half of the last century, the government created a commission to stimulate technological development at the country's industrial chamber.

Already in the 90s, technology parks and state and national programs to support small companies were created. Today, there are benefits and subsidies for small innovative businesses throughout the country.

Any native resident of Germany who decides to try his hand at entrepreneurship has the right to receive a state loan of up to 50 thousand euros for 20 years. For the first two years, you can use the money for free, without any interest or commissions. But for the next 8 years it will be necessary to pay only interest - 4-5% per annum. The loan body must be repaid only from the 11th year.

Preferential taxation and government subsidies, as well as low prices for renting office space, make it possible to make costs for small businesses lower than those of large corporations.

That is why small firms that are part of a large holding have become attractive to Russian investors.

Three ways to start a business

Everyone dreams of becoming a businessman without much red tape and personal costs. It’s easier for those who chose Germany, since the path is well-trodden. Many have walked along it. Today's German businessmen and our compatriots advise taking one of three paths:

1. Find a partner in the country to open a joint business.

2. Buy a ready-made business. In this case, there will be much less paperwork. For example, an excellent option would be to buy a small pizzeria, which will cost 20-25 thousand euros. For example, if you open a GmbH-type enterprise, you can get by with minimal expenses for compliance with formalities.
3. Taking out a loan from German banks. The repayment period can be up to 20 years, the interest rate is only 4-5% per annum. These are very favorable conditions.

Many entrepreneurs from Russia who decided to buy a business in Germany, even without a business plan, were able to achieve great success. Germany was created to make money. Young and ambitious people who are not afraid of change and strive for a better life should start issuing a business invitation to the country.

Even if you do not have sufficient funds to open a business, you can make an invitation to work in Germany.

There is a lot we can learn from the Germans. Pedantic and meticulous, they are an excellent example of a prosperous state. Germany is a unique country in terms of economy, tax legislation, etc.

By opening the doors to smart and enterprising entrepreneurs from the countries of the former Union, its government makes the state’s economy even more invulnerable and reliable.

The three best ideas for business immigration to Germany are described in the video:

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Promising business ideas in Germany

Entrepreneurship in Germany is developing to a large extent thanks to foreign investors. It seems that the market is crowded with various goods and services, but an enterprising person will always find a promising niche.

Fast food place

This industry in Germany is developing at a tremendous pace. There is no need to open an elite restaurant with gourmet cuisine and dishes from the chef. The Germans prefer simple and satisfying food. For a small point, a couple of tables and minimal capital will be enough. Pancakes, sausages, sandwiches and sandwiches are the most popular dishes.

If you believe the statistics for the last few years, fast food outlets bring the biggest profits to German entrepreneurs. Among the main reasons are:

• in Germany, people try to get as much done as possible in a day, so they prefer snacking on the go;
• a huge part of the profit comes from tourists who save money and time to see more attractions;
• Germans love to eat: a couple of hearty snacks between main meals will not surprise anyone here.

Salon

This line of business is in great demand. Germans get their hair cut extremely often: on average, each client returns twice a month. It is possible to compete with local hairdressers, but you need to be a very qualified specialist. In Germany, devotion to one's master is a popular phenomenon.

Handmade

In recent years, interest in various handmade products has grown significantly. The direction is not important: knitted clothes, toys, wood carvings or oil paintings are all highly valued.

You can get big bucks for quality handmade jewelry. The only condition is uniqueness: the item being sold should not have any signs of mass production.

Which business is the most profitable?

In Germany today, the E-bay.de platform is extremely popular. In order to sell your products through it, you just need to open a bank account and register on the website. Users can also start their own store - the platform offers many free templates.

To work in this field, good knowledge of the language will not be enough. You will have to use the services of an experienced lawyer who will draw up a competent user agreement. German authorities take consumer rights seriously.

All documents must be in perfect order, otherwise it will not be possible to avoid a lawsuit. You should not evade taxes, as fines from fiscal authorities for undeclared work on this platform are common.

Another profitable area is body care. Gyms, swimming pools, massages and solariums are all in great demand among locals. Regardless of social status and income level, Germans pay close attention to body care. A well-groomed appearance for them is the main indicator of success. The Germans use all procedures on an ongoing basis.

You can start a small business in Germany with minimal knowledge of the language, but you must be a very good specialist. Costs depend on the level of services offered. If we are talking about an elite establishment, then substantial investments will be needed. It is best to choose premises located in areas with high traffic.

Is it possible to start a business in Germany from scratch?

Opening a business in Germany is much easier for Russians than in Austria or France. Foreign residents here have the same rights to start a small business as the indigenous population.

Government agencies approach any investment individually, taking into account the amount of funds invested, the strength of the business plan, prospects and other nuances.

The peculiarity of Germany is that here additional investments in the country’s economy are encouraged, so a foreigner always has the opportunity to receive benefits.

Handmade

In recent years, interest in various handicrafts has increased sharply. The direction doesn't matter. Knitted items, wood carvings, wickerwork, paintings and a variety of decorative items are highly valued. Any skill in tinkering brings a solid income. This trend is especially noticeable in European countries. You can get decent money for homemade jewelry, painted dishes or figurines, Christmas tree decorations, original leaflets or original designs for standard notebooks. The only condition is uniqueness and complete absence of signs of mass production.

You can create your own online store. In Germany this will cost approximately 600-700 Euros. You can sell your crafts via E-Bay.de or other platforms.

Is it possible to get a loan for business development?

The decrease in interest rates on the euro has led to the fact that borrowed funds for business development are issued at 3–4% per annum. If you take into account the twenty-year loan term and the fact that borrowers do not pay on it for the first few years, then the conditions are quite attractive.

Russian businessmen can also apply for a loan, but it will be difficult to go all the way. When trying to obtain borrowed funds from a German bank, you should consider the following points:

• As in other countries, to obtain a loan you need to convince the banker of your solvency. The team that will run the business is important. It is after studying it that the bank employee will make a decision. It is best if the company's management includes highly qualified local residents.
• Germans don't take their word for it, so all aspects of a presentation must be supported by documentation. If you plan to sell certain products, you can confirm the prospects of the business with pre-orders.
• The originality of the idea is not important for bankers. You just need to make the presentation in such a way that he can understand the prospects of the project.
• The industry is very important. Banks constantly monitor the economic situation in the country. And if there is a decline in a certain industry and businesses close, then getting a loan will become impossible.
• Having your own property. The more real estate and other assets a business owner has in Germany, the higher the chances of obtaining borrowed funds.

In any case, the process of attracting credit funds in Germany requires time and patience. There is no need to rush, as a financial institution may perceive this circumstance as an unfavorable signal and refuse to issue a loan.

How to open a business in Germany for a Russian

According to the World Bank ranking, Germany ranks 14th in the world in terms of attractiveness of doing business. The country managed to form a business image thanks to a strong economy and a transparent legal system.

Business planning in Germany

In order to calculate the economic efficiency of an investment project and obtain borrowed funds from a bank, it is necessary to provide a business plan for the future company.

While locals need a business plan to attract investment, migrants must prepare it before receiving a visa. What exactly is a business plan for?

1. Migrants must submit it to government authorities in order to obtain permission to engage in entrepreneurial activity. Without this document, you don’t even have to try to contact the embassy regarding immigration.
2. When registering a company in Germany, you can seek help from the state to obtain borrowed funds or benefits, but this cannot be done without a clear description of the business, its specifics and features.
3. When it comes to finding investors or other forms of financing, then a serious and thoroughly prepared business plan is needed.

A well-written business plan should include:

• overview section;
• description of the goals and objectives of the project;
• description of the company itself, products (services) that are offered;
• market analysis and project prospects;
• production plan;
• financial plan, payback period, etc.

Choosing a legal form of business

One of the reasons why Germany is attractive for foreign investment and doing business is the variety of organizational and legal forms for registering a company. Thanks to this, a foreign investor can choose the best option for his business.

According to the Civil Code, both individual enterprises and partnerships created on the basis of personal or equity participation operate in Germany.

Individual enterprise

An individual enterprise is an enterprise that is not a company with capital participation, but involves the presence of one individual. Individual entrepreneur in Germany is the simplest organizational and legal form.

An individual entrepreneur is created from the moment of notification of the Gewerbeamt civil service. It should be noted that in order to register an individual enterprise in some industries, you must obtain permission.

When engaging in commercial activities, an individual entrepreneur must be registered in the trade register.

Civil Law Society (CLS)

A GPO is an ordinary partnership and is considered the best option for uniting two or more persons to carry out business activities.

The GPO is not subject to registration in the trade register and cannot use a company name, therefore it is identified by the names of the participants. Obligations are fulfilled not only at the expense of the company’s property, but also at the expense of each member’s own assets.

A civil society is not a legal entity, and there is no minimum authorized capital.

Open trading society

An open trade company is an association of two or more persons to conduct business under a common company name. Participants in the association can be both individuals and legal entities. There is also no minimum authorized capital established for this type of company.

Participants bear full responsibility for its debts to clients and government agencies. The creditor can collect the debt from all or from one member.

Limited partnership (LP)

A limited partnership is a form of association of individuals and legal entities, which includes at least one full and one limited member - a limited partner. The latter is liable only within the framework of the contribution to the authorized capital. The number of members is not limited.

Limited partners do not take part in the conduct of the affairs of the partnership, unless otherwise stated in the charter. CT is a type of open trading company and is therefore subject to the same rules.

Partnership

Partnership involves the union of two or more persons of liberal professions. These could be doctors, lawyers, artists, journalists, teachers, etc. To create a Partnership, you need to sign an agreement and make entries in the register.

Participants can only be individuals belonging to liberal professions. Partners bear joint liability.

Limited Liability Company

German LLCs are the most popular organizational and legal form for opening a company. According to German law, an LLC is an individual legal entity with its own name. In addition, the company has a certain list of rights and is liable for obligations only with its property.

A GmbH can be founded by one or several persons (individuals or legal entities). Moreover, even foreign companies may be among the founders.

The minimum authorized capital is 25 thousand euros. Contributions to the authorized capital can be not only money, but also securities, property rights, etc.

Joint-Stock Company

A joint stock company provides two main advantages:

1. Free movement of shares.
2. Shares may be listed for sale on a stock exchange.

A joint stock company can be formed by any person, and its charter is certified by a notary. The minimum share capital is EUR 50,000. The authorized capital of a joint-stock company is divided into shares with a par value of at least 1 euro.

The JSC can begin its activities immediately after registration in the commercial register.

European Stock Company (SE)

SE is an organizational form of an enterprise that carries out or plans to carry out business activities in the territory of the EU countries. There are several ways to form an SE: creating a parent company, merging a joint stock company in two or more EU countries, and also through transforming a national joint stock company into an SE. In the latter case, the head office in Germany must have a subsidiary in another EU country for two or more years.

SEs can create not only joint stock companies, but also limited liability companies.

Forms of ownership

For representatives of the first group in Germany, there are various types of organization of partnerships and companies. When choosing them, keep in mind that for large companies it is better to prefer corporate forms of ownership: limited liability company, joint stock company (these two forms are used most often), joint-stock limited partnership (a less frequently used form).

A corporate company acts as a legal entity. This means that the holder of rights and obligations is not each individual shareholder, but the enterprise itself. On behalf of the company, contracts are concluded, it owns assets and pays taxes. In this case, liability is limited to business assets (including share capital).

Let's look at the two most popular structures of such companies.

Joint-Stock Company

Joint stock company (Aktiengesellschaft, abbreviated as AG). This form is more typical for large companies. Such a company is a legal entity and has a three-level structure - a general meeting of shareholders, a board of directors and a supervisory board. Shareholders make decisions on the most important issues.

The Management Board carries out day-to-day management, convenes annual meetings of shareholders and reports quarterly to the Supervisory Board, which appoints the members of the Management Board and its Chairman. In turn, the supervisory board consists of representatives of shareholders, workers and employees of the company.

He exercises control over the board, coordinates major events, checks the company's property and, if necessary, convenes a meeting of shareholders.

A joint stock company as a legal entity has certain obligations. For example, it must publish financial statements annually.

The minimum number of its participants is five people, who may be legal entities. The board must include at least one person (he cannot be a legal entity).

The minimum composition of the supervisory board is three people, and they cannot simultaneously be members of the board. For companies with more than 500 employees, at least one third of the board members must be elected by a vote of the company's workers and employees.

The Law on Joint Stock Companies as amended in 1985 defines the minimum share capital at 50 thousand euros, of which 4/7 must be paid before filing for company registration. The nominal value of the shares is at least 50 euros.

To register a joint stock company in Germany, it is necessary to provide the company's charter (which indicates its name and location, the size and structure of the share capital, as well as the goals of the company), documents relating to the monetary contributions of participants to the capital of the company, a document confirming the approval of members of the supervisory board and the board, a certificate from the bank about the contribution of the required amount to the authorized capital, permission from government authorities (if required) and a certificate from the tax service about the payment of working capital tax.

Limited Liability Company

Limited liability company (Gesellschaft mit beschrankter Haftung, abbreviated GmbH). This is the most common form of society for hybrid partnerships, which are created with the participation of domestic capital. Such a company must be based in Germany.

Most entrepreneurs who open medium and small companies, as well as subsidiaries, choose the GmbH form, since it has a simpler registration system than a joint stock company, and at the same time has all the advantages of the latter. A limited liability company has legal status and all the rights and obligations that come with it.

Registration of a limited liability company will cost 1,500 euros.

In addition to the Trade Register, information about the company is provided to the Office for Business Supervision (Gewerbeaufsichtsrat), the Central Land Bank (this does not apply to companies with a capital of less than 5,000 euros), the local financial service (Finanzamt) and the social security authorities. The company must also become a member of the regional chamber of commerce.

Other forms of business organization common in Germany include the following types of partnerships.

General partnership

Partnership with unlimited liability (offene Handelsgesellschaft). All participants in such a company, without exception, are vested with full responsibility. This form of organization does not have legal status, although it has the same rights and benefits as legal entities. That is, such a company can file lawsuits, act as a defendant, and acquire ownership of property.

At the same time, it does not need to publish financial statements and register. Citizens of other states and various legal entities (except for owners and partners in other companies that are engaged in similar activities in Germany) can become members of such a partnership.

The number of participants in a general partnership and the size of their contributions are not limited. If one of the members leaves the partnership, this means the termination of his participation in it (unless otherwise specified in the agreement). Decisions are made by the participants of the partnership jointly, by general agreement.

Limited partnership

Limited partnership (abbreviated Kommanditgesellschaft, CoKG). This form of organization is not a legal entity. This means that it is not obligatory for it to publish reports. The liability of one or more partners (limited partners) to creditors is limited to the size of the contribution, and the liability of other members is not limited in any way (the so-called fully liable partners).

To form such a company, there must be at least two full limited partners. The rules, duties, and responsibilities of such an organization coincide with those that apply to a complete society.

CoKG members participate in all company income and expenses. However, they do not participate on the board, their names cannot appear in the name of the company, and they do not have the power to represent it, unlike general partners.

Corporate Partnership

Corporate partnership (abbreviated GmbH & Co.KG - combining the form of a limited liability company with elements of a limited partnership). This form of organization differs from a limited partnership in that the liability of limited partners (Kommandisten) is limited to their share of the capital of the partnership.

Essentially, this is a hybrid form of business organization that is suitable for entrepreneurs who want to reduce their own liability. At the same time, the company retains a certain flexibility. GmbH & Co.KG is ideal for small companies and family companies.

A corporate partnership is created by entering into a cooperative agreement between the general partner and limited partners. It must be entered in the commercial register and registered with the local trade office. To do this, all partners submit an application, which is certified by a notary. The cost of registering such a company is about 400 euros.

Taxation in Germany

The basic principle of taxation in Germany is as follows: the amount of fees must correspond to the amount of services provided by the state.

As of January 1, 2020, there were 45 types of tax in Germany, including taxes for dog owners, sparkling wines, coffee, beer, hunting, etc. The main types of taxes are as follows:

Taxes in Germany for small businesses are more lenient than in other EU countries. From January 1, 2020, tax benefits have been introduced for start-up entrepreneurs: instead of a rate of 15%, they can pay 12 or 9%.

The taxation of general partnerships and companies does not provide any benefits from the first day of their existence.

Company registration in Germany

In order to open a company in Germany, you need to sign and apostille a power of attorney. If the owner also plans to hold the post of director of the company, then he needs to submit documents personally.

Basic documents for business registration

To register a company in Germany, you will need the following documents and information:

• Information about the founder and director of the company: full name, date of birth, place of registration, passport numbers and copies thereof.
• If the founders are legal entities, then statutory documents and a decision of the board of directors on the creation of an enterprise abroad will be needed.
• Data on the amount of authorized capital.
• Company name. Several options can be provided.
• List of activities that are planned to be carried out.
• Document confirming payment of the authorized capital.

The registration period is 4–8 weeks, depending on the land and the speed of the registration authority.

Purchasing an existing business

Before buying a business in Germany, you should decide for what purposes you need it: making a profit by investing or for a residence permit. You should buy a company after a thorough check of its activities over the last three years: balance sheet, whether taxes have been paid, whether there are any problems with government agencies, the condition of the real estate owned by the company.

Which business is more profitable to buy?

Real estate is considered the most promising area in Germany, so it is recommended to buy companies in this industry. Other profitable businesses include:

• small cafes and restaurants built on the fast food principle;
• grocery stores and shopping centers;
• hairdressing and beauty salons.

Business in Germany and residence permit

You can obtain a residence permit through business emigration to Germany in the following cases:

• an existing business in Russia is transferred to the country or a subsidiary is created in Germany;
• a new company is opened as a separate business within the existing business;
• creation of a new company;
• purchase of a share in an existing German company;
• other methods related to the establishment or purchase of commercial enterprises in the country.

German visa requirements

To obtain a business visa you will need the following documents:

• international passport;
• 2 photos;
• insurance;
• A completed application form;
• copy of internal passport;
• invitation from business partners;
• a copy of the inviting person’s passport;
• copies of property documents (optional).

Business immigration, what is needed for this

If the applicant does not intend to collect documents and ask for an invitation to open a business visa, he needs to convince the German authorities to approve the application for business emigration. To do this, the future businessman must have a clear action plan.

The first thing to do is to request a review of the compliance of the proposed business of a private entrepreneur with the current interests of the country, as well as the current economic situation. It is important to know where exactly the development of activities will take place. To ensure maximum success, it's worth trying multiple regions. In different cities, the situation and needs may be exactly the opposite.

To strengthen your success, you can also seek help from business emigration specialists. A guarantee of success will be provided by:

• business plan;
• qualifications;
• competence;
• competitiveness.

Solar cell production plant

When drawing up a business plan, it would be useful to contact specialists. We should not forget that the Germans are very scrupulous and scrupulous. They will go into every detail of the plan and other documents provided.

Education and business experience are important. The decisive role will be played by the audit report on the business plan, as well as proof of successful business activities in Russia.

The Germans are interested in successful businessmen who can support the economy of their state. The big advantage of German commissions is that they do not delay the resolution of the issue.

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Business plan

Not all Russian entrepreneurs who successfully develop their business in Germany received an invitation to operate in the country, relying on a business plan. However, many believe that it greatly increases the chances of approval from German officials.

It also makes it easier to find investors and receive government support. It happens that things don’t work out initially, then with the help of a business plan you can identify and fix the problem. When creating a document, you don’t have to adhere to any specific requirements. The main thing is that the plan makes it clear that the person takes the issue seriously and is committed to development and making good profits.

Only those who are trusted will be provided with unhindered business emigration to Germany and the opportunity to buy a business or start it from scratch. One of the most promising areas is the hotel business in Germany.

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