Purchase Germany shelf company
For efficient business set up in Germany, Tetra Consultants highly recommends our international clients to purchase an existing Germany shelf company or ready-made company. Simply put, you will be the director, director and bank signatory of a German company with a corporate bank account in 4 weeks. This fast and practical solution is straightforward and can be completed without much hassle.
In contrast, it will take approximately 8 to 9 weeks if you were to register a new German company and open a new corporate bank account from scratch. Tetra Consultants is very experienced in this field and will be happy to guide our international clients through this process. Contact us to find out more about this fast solution. Our team of experts will revert within the next 24 hours.
There are many advantages to this fast solution as compared to registering a new German company from scratch.
- Our international clients are able to receive company name and company numbers within 1 business day. This allows your business to be able to sign local contracts and use the company names on name cards and websites.
- As compared to registering a new company, there are less surprises and delays when purchasing a shelf company. When we are registering a new company, there may be unexpected delays from the Germany Companies Registry or notary. However, a shelf company has already been registered and will not face any of such issues.
- Our international clients are required to travel to Germany for Germany company registration. By purchasing a shelf company, you will not be required to travel to Germany.
- A shelf company has an earlier date of incorporation and this will result in more credibility from your customers, suppliers and bankers.
Steps to purchase a ready-made shelf company in Germany
- Tetra Consultants will provide our international clients with the company name and company numbers within 1 business day. For now, the directors and shareholders of the shelf company will be nominees of Tetra Consultants.
- Thereafter, we will proceed to change the company name and corporate structure by appointing our clients’ preferred directors, shareholders and managing directors. Our legal team will prepare the power of attorney, share transfer agreement, escrow agreement and board resolutions required to facilitate the change. These documents will be prepared in both German and English. Our clients are required to sign and notarize the same in their countries. Thereafter, the documents should be legalized with a local German embassy before couriering the same to Germany. The approval process will take approximately 1 week.
- For GmbH, our clients will be required to inject the paid up capital of 25,000 euros into the escrow account of Tetra Consultants. After the corporate structure and bank signatory have been officially changed, the escrow account will then release the funds to Tetra Consultants.
- Once the change of corporate structure is completed and approved, our clients are officially the directors and shareholders of the shelf company. Tetra Consultants will courier the Certificate of Incorporation, Commercial Register extract, Register of Directors and Shareholders to our international clients’ preferred address.
- Thereafter, Tetra Consultants will proceed to change the bank signatory of the corporate bank account. For this process, our international clients are required to travel to Germany for a face-to-face meeting. Our banking team will accompany our clients to the bank interview to prevent miscommunication. In most cases, the change of bank signatory will be completed within 1 week. If our clients are not keen to travel to Germany, Tetra Consultants will provide our clients with alternative non-travel banking solutions.
- After the bank account is opened successfully, Tetra Consultants will file for tax and trade registration. This process will be completed in 4 weeks. During the 4 weeks, our clients are able to conduct operations as per normal. However, the business is not allowed to issue sales invoice until successful tax and trade registration.
- Contact us to find out more about how to set up business in Germany. Our team of experts will revert within the next 24 hours.