Germany is a haven for any individual who is looking to set up their business. It ranges from small companies, sole proprietorships to large conglomerates. In fact, the success of the German economy can be attributed to these businesses of the Mittelstand. The German government is very open to the establishment of all types of businesses –irrespective of your nationality. Germany is known for both its innovative small and medium-sized enterprises (SMEs) as well as for many other successful global players. The country’s location is such that it is so well connected to all other 26 nations in the European Union which makes it more lucrative for international business.It makes the entire EU a big market place available for anyone who is willing to take a leap of faith.
It is the perfect place for foreign investors as it is considered as one of the most international economies globally. Around 50% of annual GDP are being exported to other countries making Germany one of the top three trading nations worldwide. In addition, most Germans live in small and medium-sized cities. Global niche market providers, so-called hidden champions, are often located there as well. Germany is home to by far the largest number of hidden champions in the world, which are a main pillar of the well-known German Mittelstand and Germany’s innovative power.
In addition to the well placed landscape and the associated opportunities for cooperation, Germany offers a highly interesting market for all forms of market entry. For example, hundreds of thousands family-owned businesses in Germany including many true world market leaders in their respective fields of play are looking for succession and may well serve as a partner and suitable entry point to the largest economy in Europe. Also the upcoming start-up scene in Germany, esp. in Berlin, Munich, Frankfurt and Düsseldorf,offer options for investments.
Germany offers a stable political system and the opportunity of long-term planning, which is particularly advantageous for long-term-oriented goals. Establishing, structuring, and financing a new business case in a foreign market environment can be challenging and fraught with risk; yet it also offers opportunities for future business success. Whether corporate form, market entry strategy or the understanding and complying with the specific set of rules and regulations in Germany: decisions are made in the run-up to the future success of your foreign business.
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