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Germany

Germany is the top financial power in Europe and the 4th internationally. According to the updated IMF projections from 14th April 2020, due to the break out of the COVID-19, GDP development is expected to be up to -7% in 2020 and pick up to 5.2% in 2021, subject to the post-pandemic worldwide economic recovery.

Germany

Germany is the top financial power in Europe and the 4th internationally. According to the IMF, in 2019, the nation taped the weakest development rate given that the Eurozone crisis, with the GDP growing by only 0.6%, from 1.5% the previous year. This was mainly due to falling worldwide demand for capital items and the unpredictability around the Brexit procedure, which have impacted Germany’s export-oriented economy and political uncertainty and structural changes in the vehicle industry. According to the updated IMF projections from 14th April 2020, due to the break out of the COVID-19, GDP development is expected to be up to -7% in 2020 and pick up to 5.2% in 2021, subject to the post-pandemic worldwide economic recovery.

Primary industries in Germany: machinery, automotive, aviation, chemical, medical, consumer and service, energy and environmental technology, electronics and ICT and mittelstand.

22.

Easyness of doing business

33.

Expat friendly ranking

16.

Global peace index

Top 5 Export Countries

  • United States ($132B)

  • France ($121B)

  • China ($109B)

  • Netherlands ($93.6B)

  • United Kingdom ($93.4B)

Top 5 Import Countries

  • Netherlands ($111B)

  • China ($96.9B)

  • France ($78.5B)

  • Belgium-Luxembourg ($77.4B)

  • Poland ($70.7B)

Top 5 Export Industries

  • Cars ($156B)

  • Vehicle Parts ($68.1B)

  • Packaged Medicaments ($55.9B)

  • Planes, Helicopters, and/or Spacecraft ($30.9B)

  • Blood, antisera, vaccines, toxins and cultures ($29.7B)

Top 5 Import Industries

  • Cars ($68.7B)

  • Vehicle Parts ($44.1B)

  • Crude Petroleum ($32.4B)

  • Packaged Medicaments ($27.6B)

  • Refined Petroleum ($24.4B)

To make things neat, we have bundled company set-up procedures for you

Essential

3,250
  • Limited liability company formation
  • Virtual office address for the first 12 months

Comprehensive

8,750
  • Everything that is available in the Essential Bundle
  • + Monthly accounting and annual closing for the first year

Consultation

45/ 50 minutes
  • Concierge services
  • Information and advice

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