AGN Live Country Guides

Doing Business in Germany

Published in March 2020

The Federal Republic of Germany is the largest economy in Europe and fifth largest in the world. With 137,847 square miles, bordering with 9 countries, Germany is the most populated member estate in the European Union, with 80.6 million inhabitants, and the second most popular human migration destination.
 
In 2018 the country registered $4.4Tof GDP, and the annual growth during 2017 ascended to 1.5%. In 2019 the growth is expected to fall to 0.6% due to a lull in the production indsutry, caused by trade rifts and a general sense of global uncertainty.
 
Germany is categorized by the World Bank as High Income, with a GDP per capita of $53,209 and a population that is highly demanding on new products and services.
 
The 2018 exports have totalled $1.56B, while the imports have reached $1.24B. The largest export partners are the US 8.7%, France 8.0%, China 7.1%, Netherlands 6.4%, UK 6.2%, Italy 5.3%. The main import partners are the Netherlands 13.2%, China 6.9%, France 6.4%, Belgium 6.0%, Italy 5.6%, Poland 5.5%, Czechia 4.8%, US 4.5%.

 
Major reasons to do business in Germany:

  • The engine of the economy in Europe, with higher exports rate in the region
    Huge domestic market, with around 81 million people with high income, the consumer market offers good opportunities to foreign companies
  • Efficiency – the level of productivity is the highest in the world, offering a cost-effective  production locations, and highly developed infrastructures
    Labour force highly skilled, 81% of the population having been trained to university entrance level
    Stable investor friendly market
    SMEs friendly – 85% of the companies are SMEs that are highly specialized in their market
    Ease of doing business (World Bank): 20


Relationships with international businesses continue. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:

  • The Organisation for Economic Cooperation and Development (OECD)
    The World Bank
    The observatory of Economic Complexity

The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.

 

 

Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

OECD Country Comparison Portal

The window below is a direct feed of regularly updated information from the OECD. It provides data concerning everything from GDP growth, fiscal balance, investment, and unemployment rates to consumption, import volume and export volume. The window allows comparisons between several countries of the OECD average for these factors.

Inflation (CPI)

Total, Annual growth rate (%)

World Bank Development Indicators

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from Germany.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into Germany.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from Germany.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in Europe:

BIG TAX INCENTIVES TO LIVE, WORK AND INVEST IN ITALY! 
     (February 2020)

The Italian Government has introduced measures intended to encourage workers and entrepreneurs to move to, and invest in, Italy:
  • HIGH NET WORTH INDIVIDUALS – 100K€ LUMP SUM TAX 
  • SPECIAL TAX REGIME FOR WORKERS AND (INDIVIDUAL) ENTREPRENEURS TRANSFERRING THEIR RESIDENCE TO ITALY
  • 7% FLAT TAX FOR FOREIGN PENSIONERS TRANSFERRING THEIR RESIDENCE TO ITALY

For further information and take action, please contact us.

Find the AGN Firm best prepared to serve you


BREXIT 3: AN UPDATE – WHERE TO NOW?       (December 2019)

The UK’s new Conservative-led government now has a clear parliamentary majority of 80 seats to enable it pass into law the Brexit Withdrawal Agreement (the ‘Deal’) by the deadline of the 30 January 2020.

So it would seem the election result has brought some clarity. Or has it?

On the 12 December 2019 the Conservative party won Britain’s General Election with a large majority and thus with it the power to fulfill their pledge to secure parliamentary approval of the Brexit Withdrawal Agreement by Christmas and leave the EU by 31 January 2020.

Despite the positive initial reactions of capital and currency markets, as well as they party’s election slogan “Get Brexit Done”, this isn’t the end of the matter. That is because the Withdrawal Agreement contains only the legalities around the divorce of Britain from the EU. It does not cover the future relationship.

So in fact, this is probably only the end of the beginning of the Brexit process. Prime-Minister Boris Johnson now has until December 2020 to agree a favorable forward-looking trade deal with the EU. Although he has until 30 June 2020 to ask for a further extension of Britain’s regulatory transition (standstill) period with the EU, Mr Johnson insists he will not ask for any extension. If a deal is not reached, Britain would then revert to World Trade Organisation tariffs and rules (i.e. a ‘No Deal’ or Hard Brexit).

Thus we are likely looking at another cliff edge deadline. Trade deals historically have taken years to deliver, but there are only some 6 months until the 30 June deadline. Perhaps because negotiations are not starting from scratch (it being a case of altering trade arrangements that are already in place) the PM must presumably be confident that a deal can be reached within this time, and is said to be looking as the so-called “Canada-plus” model.
Find AGN Firms prepared to serve you

BREXIT: UNCERTAINTY IS THE WATCHWORD, BUT INVESTMENT OPPORTUNITIES STILL EXIST!      (May 2019)

The Brexit leave date has come and gone and the future of the UK relationship with the EU is plagued with uncertainty which looks set to continue - but with a new deadline of Oct 31 2019.   

MORE OF THE SAME - WHAT TO SAY TO BUSINESS LEADERS? 

The UK Prime Minister's resignation only serves to confirm the now familiar message to business i.e. that they must continue to plan for uncertainty:
  • In the near term, consider exposure to possible disruptions in movement of good/services for both suppliers and customers, model scenarios of price changes (whether through logistical costs, tariffs & taxes or exchange rate movements) and consider if changes in mobility of people might impact the workforce or customer base.
  • Thereafter, think about scenarios for the possible opening up and closing down of opportunities in various markets, how the competitive landscape might alter and, perhaps in addition to planning for the downside, consider what upsides might present themselves?     
Find the firm best prepared to serve you

TAX PUBLICATIONS:

TAX CARDS 2019

A summary of tax facts of countries in the EMEA region


Check how relevant taxes are regulated in several countries in Europe, Middle East and Africa. Updated in May 2019.

read full publication

AGN News:

February 2020

Press Release: London, UK Firm Joins AGN Membership




AGN International – one of the world’s leading associations of independent certified public accounting and consulting firms, announces that BKL has joined its membership in the UK. The London-based full-service firm was established in 1980 and has 15 partners and nearly 150 staff. BKL specialises in the financial services, technology & digital and property sectors, and high net worth individuals.

Read the Press Release

February 2020

Member News: Active-Audit Partner with SWIFT 




In November 2019, AGN EMEA member Active-Audit, based in Ukraine, became a partner of the international information transfer and payment system (SWIFT) under the Customer Security Program (CSP). Fighting fraud is a problem for the entire financial industry and SWIFT has developed a Client Protection Program (CSP) to support clients in the fight against cyber attacks.

Read the full article

AGN Firms in the country


Germany
Becker Buttner Held
Pfeuferstraße 7
81373 München
Time Zone: GMT +1
Phone: +49 (0)361 644 74 49-0
EMail: bbh@bbh-online.de
BECKER BUTTNER HELD - Berlin
Magazinstrasse 15-16
10179 Berlin
Time Zone: GMT +1
Phone: +49 (0)30 611 28 40-0
EMail: bbh@bbh-online.de
BECKER BUTTNER HELD - Erfurt
Regierungsstraße 64
9908 Erfurt
Time Zone: GMT+1
Phone: +49 (0)361 644 74 49-0
EMail: bbh@bbh-online.de
BECKER BUTTNER HELD - Hamburg
Kaiser-Wilhelm-Straße 93
2035 Hamburg
Time Zone:
Phone: +49 (0)40 341 069-0
EMail: bbh@bbh-online.de
BECKER BUTTNER HELD - Koeln
KAP am Südkai
Agrippinawerft 26-30
50678 Koeln
Time Zone: GMT +1
Phone: +49 (0)221 650 25-0
EMail: bbh@bbh-online.de
BECKER BUTTNER HELD - Stuttgart
Industriestrasse 3
70565 Stuttgart
Time Zone: GMT +1
Phone: +49 (0)711 722 47-0
EMail: bbh@bbh-online.de
Bohn Dollenmayer Dambeck
Garmischer Strasse 8-10
80339 Munich
Time Zone: GMT +1
Phone: (+49 89) 500 37 50
EMail: kanzlei@bohn-partner.de
Frankus | Wirtschaftsprüfer · Steuerberater · Rechtsanwälte
Steinstrasse 27
40210 Düsseldorf
Time Zone: GMT +1
Phone: (+49 211) 86 29 00 0
EMail: postmaster@frankus.com
Invra Teuhand AG
Untere Weidenstrasse 5
81543 Munich
Time Zone: GMT +1
Phone: (+49 89) 20 60 31 29-0
EMail: muenchen@invra.de
INVRA TREUHAND AG - Berlin
Magazinstrasse 15-16
10179 Berlin
Time Zone: GMT +1
Phone: (+49 30) 80 09 2986
EMail: berlin@invra.de
INVRA TREUHAND AG - Köln
KAP am Südkai
Agrippinawerft 30
50678 Koln
Time Zone:
Phone: (+49 221) 65 03 68 30
EMail: koeln@invra.de
INVRA TREUHAND AG - Munich

81543 Hamburg
Time Zone:
Phone: (+49 89) 20 60 31 29-0
EMail:
INVRA TREUHAND AG - Stuttgart
Industriestrasse 3
70565 Stuttgart
Time Zone: GMT +1
Phone: (+49 711) 78 28 440
EMail: stuttgart@invra.de
MTG Group
Erlenstegenstrasse 7
90491 NUREMBERG
Time Zone: GMT +1
Phone: (+49 911) 95 05 501 0
EMail: info@mtg-group.de
MTG GROUP - Regensburg
Merianweg 3a
93051 Regensburg
Time Zone: GMT +1
Phone: (+49 941) 20 86 45 0
EMail: info@mtg-group.de
MTG GROUP - Ingolstadt
Manchinger Strasse 132
85053 Ingolstadt
Time Zone: GMT +1
Phone: (+49 841) 96 508 0
EMail: info@mtg-group.de
MTG GROUP - Keilhem
Lugwigstrasse 4
93309 Kelheim
Time Zone: GMT +1
Phone: (+49 911) 95055010
EMail: info@mtg-group.de
MTG GROUP - Straubing
Stadtgraben 29
94319 Straubing
Time Zone: GMT +1
Phone: (+49 9421) 83 81 0
EMail: info@mtg-group.de
Reichert & Reichert
Zeppelinstraße 7
78224 Singen
Time Zone:
Phone: 0049 7731 9587-0
EMail: hansjoerg@reichert-reichert.de
Schaffer & Partner Audit & Tax and Schaffer & Partner Legal
Aeussere Sulzbacher Str. 118
90491 Nuremberg
Time Zone: GMT +1
Phone: (+49 911) 95 99 80
EMail: nue@schaffer-partner.de
SH+C GmbH WPG StBG
Linprunstrasse 49
80335 Munich
Time Zone: GMT +1
Phone: (+49 89) 547 090 0
EMail: info@shc.de
SMC Revisions und Treuhand GmbH
WestendGate
Hamburger Allee 2-4
60486 Frankfurt
Time Zone: GMT +1
Phone: (+49 69) 27 11 81 50
EMail: mail@smp-frankfurt.de
Stolze - Dr. Diers - Beermann GmbH
Neubruckenstrasse 4
48429 Emsdetten
Time Zone:
Phone: +49 (0)5971 808 226
EMail: beermann@stodibe.de
Stolze - Dr. Diers - Beermann GmbH
Timmermanufer 142 Rheine
48429 Rheine
Time Zone:
Phone: +49 (0)5971 808 226
EMail: beermann@stodibe.de
WIRA AG
Heidenkampsweg 51
20097 Hamburg
Time Zone: GMT +1
Phone: (+49 40) 410 988 394
EMail: ham@wira-audit.org
WIRA AG
Linprunstrasse 49
80335 Munich
Time Zone: GMT +1
Phone: (+49 89) 547 090 500
EMail: muc@wira-audit.org
WIRA AG
Aeussere Sulzbacher Str. 118
90491 Nuremberg
Time Zone: GMT +1
Phone: (+49 911) 959 98 260
EMail: nue@wira-audit.org
WIRA AG
Schulze Delitzsch-Strasse 28
70565 Stuttgart
Time Zone: GMT +1
Phone: (+49 711) 489 31 300
EMail: str@wira-audit.org
Wirtschaftstreuhand Group
Wirtschaftstreuhand GmbH
Schulze-Delitzsch-Strasse 28
70565 Stuttgart
(P.O.Box 801154 70511 Stuttgart)
Time Zone: GMT+1
Phone: (+49 711) 48 93 10
EMail: info@wirtschaftstreuhand.de
WIRTSCHAFTSTREUHAND GROUP - Meissen
Schenk Wirtschaftstreuhand GmbH
Elbestrasse 1
01622 Meißen
Time Zone: GMT +1
Phone: (+49 3521) 41 28 0
EMail: info@schenk-wirtschaftstreuhand-meissen.de
WIRTSCHAFTSTREUHAND GROUP - Munich
Prannerstrasse 6
80333 Munich
Time Zone: GMT +1
Phone: (+49 89) 52 03 37 0
EMail: info-muc@wirtschaftstreuhand.de
WIRTSCHAFTSTREUHAND GROUP - Schorndorf
Rehhaldenweg 60
73614 Schorndorf
Time Zone: GMT +1
Phone: (+49 7181) 99 02 80
EMail: info-sdf@wirtschaftstreuhand.de
WLP GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft
Süderstr. 73
20097 Hamburg
Time Zone: GMT +1
Phone: (+49 40) 41 09 88 30
EMail: wlp@wlp-gmbh.de
WSR Cintinus GmbH
Koenigstraße 8
D-01097 Dresden
Time Zone:
Phone: (+ 49 351) 56 39 39 60
EMail: info@cintinus.com