Innova Limited liability company

Welcome to Innova – Your Trusted Partner for German Tax and Corporate Law

Wherever you are in the world, Innova GmbH is here to guide you through the complexities of German tax and corporate law. Whether you’re looking to establish a limited liability company (GmbH) in Germany, manage the ongoing operations of your business, or even liquidate a company, our expert team is ready to assist you.

We offer comprehensive support for:

  • Company Formation and Liquidation: From navigating legal requirements to ensuring a smooth process, we provide step-by-step guidance.
  • Financial Accounting and Payroll Management: Leave the numbers to us while you focus on growing your business.
  • Reporting and Compliance: Keep your GmbH in full compliance with German regulations through our tailored reporting services.

At Innova, we take pride in helping international clients succeed in Germany. Contact us today to find out how we can make your business thrive!

Your LLC specialists

Specialist for corporations, Managing Director of Innova, consultation language also in English

Frank Heesen

Tax consultant
Specialising in commercial and corporate law, also advises you in Turkish

Sevgi Güzel

Tax consultant

News

Vorsicht bei Minijobbern!!!

Verdopplung der angenommenen Arbeitsstunden führt zur Sozialversicherungspflicht Seit dem 01.01.2019 gilt für die Sozialversicherung bei Minijobs auf Abruf regel­mäßig eine Arbeitszeit von 20 Wochenstunden –

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Knowledge and topics

Establishing a GmbH (limited liability company) in Germany offers a solid foundation for doing business in Europe. Key steps include:

  • Choosing a company name and verifying its availability.
  • Drafting articles of association.
  • Depositing the minimum share capital of €25,000 (€12,500 for initial registration).
  • Registering the company with the local trade office and tax authorities. Innova GmbH guides you through each step, ensuring legal compliance and a smooth process.

Germany’s corporate tax system is unique and includes:

  • Corporate income tax: 15%.
  • Trade tax: Varies by municipality (approximately 14%-17%).
  • Solidarity surcharge: 5.5% of the corporate income tax.
    While Germany’s rates may seem higher than in the U.S., deductions and strategic tax planning can significantly reduce your liabilities. Our experts help you optimize your tax position.

The U.S.-Germany Double Taxation Treaty ensures that income isn’t taxed twice. Key areas include:

  • Allocation of taxing rights for income and capital.
  • Exemptions for certain types of income (e.g., dividends, royalties).
  • Avoidance of double taxation through foreign tax credits.
    We help you understand and benefit from these agreements while avoiding compliance pitfalls.

If you sell goods or services to German consumers, VAT registration is mandatory. Important points include:

  • Standard VAT rate: 19%.
  • Reduced rate: 7% (for certain goods and services).
    We assist U.S. businesses in registering for VAT, managing filings, and reclaiming VAT on business expenses.

Business succession and inheritance tax planning in Germany can be complex. Key points:

  • Inheritance tax rates range from 7% to 50%, depending on the relationship between parties.
  • Business assets may qualify for tax exemptions under certain conditions.
    We develop personalized plans to minimize tax burdens and ensure a smooth transfer of assets.

Payroll in Germany includes mandatory contributions for:

  • Health insurance.
  • Pension schemes.
  • Unemployment and accident insurance.
    We manage payroll processing, ensuring compliance with German labor and tax laws, so you can focus on growing your business.

International tax compliance involves challenges such as:

  • Filing both U.S. and German tax returns for dual-resident entities.
  • Understanding permanent establishment rules.
  • Complying with transfer pricing regulations.
    Our team ensures that your business complies with all international tax requirements.

Remote work arrangements can trigger tax liabilities in Germany, including:

  • VAT for digital services provided to German clients.
  • Employer obligations for remote employees based in Germany.
    We help you understand these implications and develop solutions that align with your business strategy.

Tax audits in Germany are thorough and can cover corporate tax, VAT, and payroll. Steps to prepare include:

  • Maintaining accurate financial records.
  • Ensuring timely filings.
  • Responding promptly to inquiries.
    Innova GmbH supports you throughout the audit process, providing expert guidance and representation.

Managing tax obligations remotely is increasingly important for international clients. Our digital solutions include:

  • Online consultations with tax advisors.
  • Secure document sharing and filing.
  • Real-time updates on tax obligations and deadlines.
    This ensures seamless and efficient tax management, no matter where you are.

faq - llc

Yes, we assist U.S. entrepreneurs in setting up a GmbH. The process involves registering your business, appointing a managing director, and complying with German tax laws.

The treaty ensures you don’t pay taxes twice on the same income. We help you navigate these agreements for optimal tax savings.

Yes, if you sell goods to German customers, VAT registration is mandatory. We guide you through the process and ensure compliance.

Germany’s corporate tax rates average around 30%, including trade tax. We help you understand how this impacts your GmbH.

Yes, GmbH ownership is open to foreign individuals or companies. We ensure all legal and tax requirements are met.

Yes, remote work may create tax obligations in Germany. We provide tailored advice for your specific situation.

The minimum share capital is €25,000, of which at least €12,500 must be deposited before registration.

Germany has mandatory contributions for social security, health insurance, and other benefits. We manage your payroll to ensure compliance.

Understanding local tax laws, VAT obligations, and accounting requirements is key. Our consulting services minimize risks and errors.

Yes, we provide continuous support, including tax filing, compliance updates, and strategic planning for U.S. businesses in Germany.

lernen Sie von den Besten

innova erbschaftsteuer

Jahresabschluss mit Martin

30 min. • kategorie 2

Erbschaftssteuer mit Frank

25 min. • kategorie 2

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Terminkalender/Seminare

  • 01.08.2024: Fit für die E-Rechnung *AUSGEBUCHT*
  • 27.09.2024: Fit für die E-Rechnung 
  • 25.10.2024: Fit für die E-Rechnung
  • 22.11.2024: Fit für die E-Rechnung
  • 13.12.2024: Fit für die E-Rechnung