Auxadi Germany
Germany’s strengths are its location at the centre of Europe, its political stability, its powerful and diversified industrial network, its reliable and expansive infrastructure, favourable social climate, stable legal framework, and its highly qualified, well-educated workforce. It’s a leading jurisdiction for foreign direct investment and ranks 22/190 for Ease of Doing Business.
As one of the founding EU Member States, Germany is a hub for EU policy and guidance. It has one of the strongest economies and largest populations in Europe, and its borders touch nine other countries (eight of which are EU Member States), making it the perfect hub for accessing the European single market.
Germany has relatively high tax rates (for both individuals and businesses) which can take some 220 hours per year to administer, fairly rigid labour laws, and its aging population affects its growth.
Germany is actively looking for foreign direct investment in the following sectors: consumer services, high-tech, multimedia, electronics, health and biotech, and renewable energy. Germany has an ambitious development plan for solar, wind, and renewable energy storage, and aims to be greenhouse gas neutral by 2045.
Germany
Germany’s strengths are its location at the centre of Europe, its political stability, its powerful and diversified industrial network, its reliable and expansive infrastructure, favourable social climate, stable legal framework, and its highly qualified, well-educated workforce. It’s a leading jurisdiction for foreign direct investment and ranks 22/190 for Ease of Doing Business.
As one of the founding EU Member States, Germany is a hub for EU policy and guidance. It has one of the strongest economies and largest populations in Europe, and its borders touch nine other countries (eight of which are EU Member States), making it the perfect hub for accessing the European single market.
Germany has relatively high tax rates (for both individuals and businesses) which can take some 220 hours per year to administer, fairly rigid labour laws, and its aging population affects its growth.
Germany is actively looking for foreign direct investment in the following sectors: consumer services, high-tech, multimedia, electronics, health and biotech, and renewable energy. Germany has an ambitious development plan for solar, wind, and renewable energy storage, and aims to be greenhouse gas neutral by 2045.
Why Auxadi is trusted as an expert outsourcing provider in Germany
Auxadi is your ideal partner in Germany to support you with your global expansion and investments. We offer accounting, tax and payroll services, through a single-point-of-contact delivery model, to help make life easier for our clients.
There are five free trade zones established under EU law: Bremerhaven, Cuxhaven, Deggendorf, Duisburg and Hamburg. Grants are offered in certain sectors and EU-funded grants are also available. These cover many sectors, but can include tax incentives, cash incentives, cash grants for employers, public loans, and public guarantees.
Incorporating in Germany will take around eight days and involve nine different procedures. Start-up and formation expenses are tax deductible.
Our tailored and bespoke service in Germany include:
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services in Germany
Accounting Specialists
While Germany’s SMEs can use German GAAP (as required by the German Commercial Code) or IFRS Standards (as adopted by the EU) in their consolidated financial statements, European companies listed on the stock exchange must publish their annual consolidated accounts using IAS/IFRS standards.
We help global corporations and fund managers with all their corporate accounting requirements. Using our bespoke and best-in-class technology platform, MySPV, you can have full and real time access and control of your accounting data, across your international subsidiaries.
Our accounting experts in Germany can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
In Germany, there are relatively high tax rates for both individuals and companies. Standard German federal corporation tax is 15% but there are add-ons, like a 5.5% Solidarity Surcharge and Trade Tax, and taxes are also due to municipalities – bringing the total to 30–35%.
In general, all business operations expenses are deductible. Germany offers unilateral tax relief, allowing companies to credit foreign taxes paid (up to the amount subject to domestic tax, or to deduct foreign tax as a business expense).
We’re experts in global and local tax compliance and can help you to comply with the various tax requirements Germany. Let our expert tax team in Germany take care of intricate local taxation rules, using our purpose-built automation technology, so you and your operations remain tax compliant.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
Germany has fairly rigid labour laws, a maximum 48-hour work week, and mandatory social security/social insurance contributions affect both employers and employees. Employers should expect around 20% of gross wages to go to social security; employees will pay around 19%.
Payroll can be one of the most complex areas of any organisation and managing the corporate payroll function in all your locations can take up valuable time of your central HR and finance teams.
Our experienced and knowledgeable team of payroll specialists in Germany can help you navigate international payroll requirements with ease. We use our bespoke and intuitive global payroll management software to give you access and oversight across multiple locations.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Meet the team
Rima Yousfan
Senior VP, Head of International Corporations