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Company Incorporation in Germany: Kommanditgesellschaft

How to start a German limited company. Incorporation or formation of a company in Germany.

 

 

What is an entreprenuarial company? Kommanditgesellschaft

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  • The Kommanditgesellschaft ("KG") is the german name for a collective company.
  • The company can be incorporated as a General Company (Gesellschaft bürgerlichen Rechts, GbR or specialized in commerce, Offene Handelsgesellschaft, OHG) or as a limited company (Kommanditgesellschaft, KG).
  • With an OHG, all member are responsible of their debts with the company, whereas in a KG, there are general members (Komplementär) which have a limited liability and the commanding members (Kommanditisten), whose responsability is limited to their fixed investements to the company. Although a company is not a legal entity, it is able to adquire rights and undertake obligations. It is also able to aquire real estate and sue or be sued by another entity.
  • The GmbH & Co. KG is a limitad company, in which usually a general member is the sole individual responsible for the limited company. The individual will enjoy the advantages of the company along with the advatages of a limited corporation.

Tips on Incorporating a KG Company

  • There is no minimum requirement of share capital.
  • However, it is required to open a bank account, for which it is neccessarry to deposit enough money to prove your company is credit worthy. We recommend you form your KG company and deposit a minimum share capital of € 3.000.

What is neccessary to Incorporate?

To begin the incorporation process in Germany, you will need to account for the following:

  • The chosen name for your company
  • The details of the director/s with their date of birth, address and nationality
  • Details of the shareholders and address of the registered office

Detailed prices to incorporate a KG in Germany here