Germany is a hub for business and entrepreneurship, offering a stable economy and a favorable environment for companies to thrive․ For those looking to start or expand their business in Germany, buying a ready-made company can be an attractive option․ This article explores the process and benefits of purchasing a ready-made company in Germany and changing its business activity․
What is a Ready-Made Company?
A ready-made company, also known as a shelf company, is a pre-registered company that has not conducted any business activities․ It is essentially a company that is ready to be used for any business purpose․ Buying a ready-made company can save time and effort compared to setting up a new company from scratch․
Benefits of Buying a Ready-Made Company in Germany
- Quick Establishment: A ready-made company can be purchased and start operating immediately, as it is already registered․
- Simplified Process: The process of buying a ready-made company is generally simpler than setting up a new company, as the initial registration process is already completed․
- Credibility: An older company might be perceived as more stable or credible than a newly formed one․
Changing the Business Activity of a Ready-Made Company in Germany
After purchasing a ready-made company, you may find that its initial business activity does not align with your business plans․ Fortunately, German law allows for the change of a company’s business activity․ Here’s how you can do it:
Steps to Change the Business Activity
- Check the Company’s Articles of Association: Review the company’s articles to see if they allow for a change in business activity․ Most standard articles do permit this․
- Decision by the Shareholders: The shareholders must pass a resolution to change the business activity․ This usually requires a majority vote, depending on the company’s articles․
- Amend the Company’s Articles: If necessary, amend the articles of association to reflect the new business activity․
- Notify the Commercial Register: The change must be registered with the commercial register (Handelsregister)․ This involves filing the necessary documents, including the shareholders’ resolution and the amended articles of association․
Considerations
When changing the business activity, consider any regulatory requirements or licenses needed for your new business activity․ Some activities are subject to special regulations or require specific permits․
Buying a ready-made company in Germany and changing its business activity can be a viable and efficient way to establish a presence in the German market․ It is essential to understand the legal and regulatory requirements involved in both the purchase and the subsequent change of business activity․ Consulting with legal and tax professionals can help ensure a smooth transition and compliance with all applicable laws․
