AGN Live Country Guides

Doing Business in Germany

Published in February 2018

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 2017 the country registered $4.15Tof GDP, and the annual growth during 2017 ascended to 2.1%. In 2018 it is expected that domestic consumption, bolstered by low energy prices and a weak euro, and exports will drive a GDP growth again.
 
Germany is categorized by the World Bank as High Income, with a GDP per capita of $50,200 and a population that is highly demanding on new products and services.
 
Leading world car exports ($150B, 11%), they are the 3rd largest exporter in the world, producing a positive trade balance. Germany is also the 3rd largest importer in the world, buying crude petroleum and cars amongst other products.

 

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:

EU-UK Trade and Cooperation Agreement (TCA) 
UK VAT Requirements
(January 2021) 

Technical Alert: EU-UK Trade and Cooperation Agreement (TCA), UK VAT Requirements

An update to earlier 'Post Brexit UK VAT Requirements 

On 1 January 2021, the UK formally left the EU after the end of its transition period. A new “Trade and Cooperation Agreement” was reached in principle between the UK and EU on 24 December 2020. The deal will cover the future UK-EU relationship, with the two parties having now implemented the agreement.

What impact does this have on the previously foreseen changes from a VAT & Customs perspective?
For more information, contact with the author of the Technical Alert: 

Chiene + Tait LLP VAT Support
Iain Masterton
Indirect Tax Director
+44 131 558 5800
Iain.masterton@chiene.co.uk
Connect with AGN UK Firms. AGN International has an expansive and diverse list of AGN firms in the UK.

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

TAX PUBLICATIONS:

TAX CARDS 2021

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 July 2021.

Access the publication

AGN News:

October 2021

Press Release: Dubai Firm Joins AGN Membership




AGN International – one of the world’s leading associations of independent certified public accounting and consulting firms, announces that AMAJ has joined its membership in the AP region.

AMAJlocated in Dubai, United Arab Emirates, was established in 2017 by Abdulmannan Al Janahi and JDNT & Associates, an AGN member firm based in India. AMAJ provides Audit, Taxation, Advisory Services, ERP consulting, Cyber security and other ITes services.

Read the Press Release

October 2021

Press Release: Spanish Firm Joins AGN Membership




AGN International – one of the world’s leading associations of independent certified public accounting and consulting firms, announces that Busquet has joined its membership in the EMEA region.

Busquet - established in 1974, is located in Manresa and Barcelona and provides audit, accounting, tax and legal consultancy services. Busquet specialises in providing these services to non-profit organisations and distribution and manufacturing companies, among others.

Read the Press Release

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
Fidaris GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft
Bahnstrasse 16
40212 Düsseldorf
Time Zone: GMT +1
Phone: (+49 211) 54 59 00 0
EMail: postmaster@fidaris.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 - Ludwigsburg
Wirtschaftstreuhand GmbH
Schultheiß-Köhle-Straße 7
71636 Ludwigsburg
Time Zone:
Phone: (+49 711) 7141 14187-0
EMail: info@wirtschaftstreuhand.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