double tax treaty uk germany

Double tax treaty UK Germany: Everything you need to know

The double tax treaty between the UK and Germany aims to prevent double taxation. It establishes rules for tax treatment of various types of income, such as dividends, interest, royalties, and capital gains. Additionally, it addresses pension and social security income taxation in both countries. Overview of Double Tax Treaty …

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how to start a business in germany

How to Start a Business in Germany

Germany offers a promising business environment for foreign entrepreneurs. It is important to understand the legal framework, visa requirements, financial planning, and taxation considerations before starting a business in the country. Additionally, complying with employment regulations, obtaining necessary licenses and permits, and building professional networks are essential for success in …

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business registration in germany

Business Register in Germany: A Guide to Company Registration

The Business Register Germany is a public registry of companies in each district, split into two sections based on company structure. It includes company names, registered addresses, and details of company representatives. Applications must be notarized for new registrations or changes. The registry is maintained electronically since 2007, with access …

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what is a permanent establishment

What is a permanent establishment?

A permanent establishment is a crucial concept in taxation, especially in international tax treaties. It determines whether the profits of a foreign company or taxpayer are taxable in the host country. It refers to a fixed place of business where commercial activities are carried out, such as an office, branch, …

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how to set up a LLC in Germany

How to Set Up a Limited Liability Corporation in Germany

A limited liability corporation (LLC) in Germany can offer various advantages for businesses. To establish one, you need to consider the legal form that suits your needs, such as GmbH or UG. Choosing an appropriate company name and defining specific objectives are crucial steps. Engaging a notary, preparing company statutes, …

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gmbh meaning

GmbH: the Limited Liability Company Structure in Germany

The GmbH, meaning Germany, is a legal form of company that offers limited liability to its owners. Similar to LLCs in the United States and Ltd. in the United Kingdom, GmbHs provide a structure where owners are not personally responsible for the company’s debts. With a minimum capital requirement of …

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Company pension scheme in Germany (

Company pension scheme in Germany (bAV)

Basic information  Not everyone has the opportunity to make private provision for old age. For this reason, the German state has introduced an entitlement for employees to occupational pension provision.  Employees have a legal right to so-called deferred compensation and to pay into a company pension scheme. This entitlement exists …

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Employee participation in Germany

Employee participation in Germany

Especially for employees of start-up companies, there is a new regulation (§ 19a German Income Tax Act “EStG”) according to which income from the transfer of asset shares in the employer’s company is initially not taxed. This also applies if the asset participations are held indirectly via partnerships. The regulation applies …

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Fiscal unity Germany

Fiscal unity VAT in Germany: judgement of ECJ

A fiscal unity for VAT purposes pursuant to § 2 para. 2 no. 2 sentence 1 UStG (“German VAT act”) exists if a legal entity is financially, economically and organizationally integrated into the company of the controlling company according to the overall picture of the actual circumstances. The financial integration of …

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managing director´s salary

Amount of the managing director’s salary: what should it ideally be?

How high should the managing director’s salary ideally be?  What is the maximum with as little tax as possible? Here are a few practical examples: This week a client came to me for advice because he wants to convert his sole proprietorship into a limited liability company and wanted to know …

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