10 Reasons to Choose Germany

There are three different types of markets. The developed market, the emerging market and the frontier market. 

Germany happens to be a developed market. It is characterized as so because of its high return potential and the stable business regulations in place.

When looking to start a business in a foreign developed-market there are many factors to consider such as the cost and the business barriers.

Taking your business global brings in a lot of benefits like increased resources and more sales and profits .

Exploration of the foreign market also comes with its fair share of challenges. For example international market fluctuations in terms of foreign exchange and political reasons.

I therefore find that it is not worth taking the risk to start a business in Germany without having an insurance policy to cover the risks and damages that might occur during the course of the business. 

If you have no idea where to find a reliable german insurance that will cover your business read some reviews at De.collected.reviews for a better start. 

Any business man looking to invest in Germany or explore the Germans economic market will find this article very useful.

Here, I shall share some of the reasons I find Germany as one of the most stable countries for a business man. Let’s have a look;

  1. Highly developed economic market

You can tell whether a country is developed economically by assessment of its per capita gross domestic product GDP. 

Germany has the highest GDP in Europe and is ranked as 4th in the world. 

Because of this there is an increase in productivity and innovation. 

  1. High standards of business regulations 

One of the qualities of a country with a good economy is the set standards of regulations of its market.

A majority of these business regulations are set by the federal ministry for economic affairs and energy.

They are responsible for developing programs to support the economic affairs of the country.

It has delegated some of its powers to 6 other agencies under it.

  1. Government support

The German government has substantially participated in the growth of its economy by encouraging investment and innovations within its boundaries. 

The government aimed at supporting small business start-ups by lowering taxation and enabling faster loan access to bring in more incentive for young businessmen.

  1. Well developed and enforceable legal protection 

The economic market of Germany has been stabilized by more than 50 trade agreements that stands to protect Germany’s businesses.

The matters of corporate government governance in Germany has been sufficiently dealt with.

There is not only an array of national provisions and statutory legislation to protect the corporate in Germany but the country has ratified a couple of regional and international instruments.

For instance, the Act Against Restraints of Competition and the act against unfair competition.

Inventions have also been sufficiently accorded protection under the intellectual property laws of Germany as well as the international instruments, WIPO.

  1. Better infrastructure 

The infrastructure sector of Germany has helped shape the overall Germany’s economy.

All businessmen and women know the benefits of having good infrastructure in place.

The transportation sector in Germany is well developed and this can be proved by looking at its export market all across Europe.

In terms of the growth in technological communication Germany has also not been left behind.

  1. Favorable tax conditions 

When thinking of investing in any foreign country the first thing that comes to mind is the taxation rates.

You need to assess whether the tax charged is reasonable and can still leave room for business growth.

In summary, Corporate tax on a foreign company has a flat rate of 15{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} with additional 5.5{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} on solidarity surcharge. There are also other types of taxes like trade tax and VAT.

On a comparison between the German taxation system and other countries’ I find the German one way better and favourable for a business man.

To understand the German taxation system consult your tax advisor for a more in-depth analysis.

  1. Excellent standards of living 

The living conditions in Germany are also favorable for a business owner.

A business owner should preferably be at a short distance to their business premises for oversight and management purposes.

The sanitary conditions, the cost of renting a house and the average cost of living is affordable.

Conclusion: 

Doubtlessly, the next big time to start a business in Germany is today. The cost of startups is increasing each day and you have to take this chance and start your business in Germany.