Auxadi Germany
Germany’s strengths are its location at the center of Europe, its political stability, its powerful and diversified industrial network, its reliable and expansive infrastructure, favourable social climate, stable legal framework, and its highly qualified, well-educated workforce. It’s a leading jurisdiction for foreign direct investment and ranks 22/190 for Ease of Doing Business.
As one of the founding EU Member States, Germany is a hub for EU policy and guidance. It has one of the strongest economies and largest populations in Europe (approximately 83 million), and its borders touch nine other countries (eight of which are EU Member States), making it the perfect hub for accessing the European single market and global trade routes.
Germany has relatively high tax rates (for both individuals and businesses) which can require around 220 hours per year for administration and a fairly rigid labour law. In addition, the gradual aging of its population affects its growth capacity.
In response, the country is actively seeking foreign direct investments in the following sectors: consumer services, technology, multimedia, electronics, healthcare and biotechnology, and renewable energy. Furthermore, the country has an ambitious development plan for solar, wind, and renewable energy storage, with the goal of achieving climate neutrality by 2045.
Germany
Germany’s strengths are its location at the center of Europe, its political stability, its powerful and diversified industrial network, its reliable and expansive infrastructure, favourable social climate, stable legal framework, and its highly qualified, well-educated workforce. It’s a leading jurisdiction for foreign direct investment and ranks 22/190 for Ease of Doing Business.
As one of the founding EU Member States, Germany is a hub for EU policy and guidance. It has one of the strongest economies and largest populations in Europe (approximately 83 million), and its borders touch nine other countries (eight of which are EU Member States), making it the perfect hub for accessing the European single market and global trade routes.
Germany has relatively high tax rates (for both individuals and businesses) which can require around 220 hours per year for administration and a fairly rigid labour law. In addition, the gradual aging of its population affects its growth capacity.
In response, the country is actively seeking foreign direct investments in the following sectors: consumer services, technology, multimedia, electronics, healthcare and biotechnology, and renewable energy. Furthermore, the country has an ambitious development plan for solar, wind, and renewable energy storage, with the goal of achieving climate neutrality by 2045.
Why Auxadi is trusted as an expert outsourcing provider in Germany
Auxadi is your ideal partner in Germany to support you with your global expansion and investments. We offer accounting, tax and payroll services, through a single-point-of-contact delivery model, to help make life easier for our clients.
There are two free trade zones established under EU law: Bremerhaven and Cuxhaven. Grants are offered in certain sectors and EU-funded grants are also available. These cover many sectors, but can include tax incentives, cash incentives, cash grants for employers, public loans, and public guarantees.
In Germany, the process of incorporating a company can take from one day to a few months, depending on the type of business structure and involves several administrative steps, such as registration with the commercial register, opening a business bank account, and notifying the tax authorities. Start-up and formation expenses are tax deductible.
Our tailored and bespoke service in Germany include:
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services in Germany
Accounting Specialists
While Germany’s SMEs can use German GAAP (as required by the German Commercial Code) or IFRS Standards (as adopted by the EU) in their consolidated financial statements, European companies listed on the stock exchange must publish their annual consolidated accounts using IAS/IFRS standards.
We help global corporations and fund managers with all their corporate accounting requirements. Using our bespoke and best-in-class technology platform, MySPV, you can have full and real time access and control of your accounting data, across your international subsidiaries.
Our accounting experts in Germany can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
In Germany, there are relatively high tax rates for both individuals and companies. Standard German federal corporation tax is 15% but there are add-ons, like a 5.5% Solidarity Surcharge and Trade Tax, and taxes are also due to municipalities – bringing the total to 30–35%.
In general, all business operations expenses are deductible. Germany offers unilateral tax relief, allowing companies to credit foreign taxes paid (up to the amount subject to domestic tax, or to deduct foreign tax as a business expense).
We’re experts in global and local tax compliance and can help you to comply with the various tax requirements Germany. Let our expert tax team in Germany take care of intricate local taxation rules, using our purpose-built automation technology, so you and your operations remain tax compliant.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
Germany has fairly rigid labour laws, a maximum 48-hour work week, and mandatory social security/social insurance contributions affect both employers and employees. Employers should expect around 20% of gross wages to go to social security; employees will pay around 19%.
Payroll can be one of the most complex areas of any organisation and managing the corporate payroll function in all your locations can take up valuable time of your central HR and finance teams.
Our experienced and knowledgeable team of payroll specialists in Germany can help you navigate international payroll requirements with ease. We use our bespoke and intuitive global payroll management software to give you access and oversight across multiple locations.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
