You would like to start a small business in Germany? Setting up a mini GmbH, or in German called UG, with limited liability, takes time and nerves. Setting up a business in Germany can take between 6 weeks and 4 months. Especially, when starting a company in Germany as a foreigner. In particular, the opening of the business account is associated with many delays.
With our ready-to-go shelf companies, you can be the managing director of your Mini GmbH within 24 hours and ready to act immediately.
Our Startbereit shelf companies, specially founded as Mini GmbH (UG), are registered in Berlin. You can easily relocate the seat after purchase.
Each shelf company has a business account at Berliner Volksbank with the paid-in share capital. You can take over this account immediately and start your business.
Our Mini GmbHs do not come with a tax number for immediate business transactions. You’ll receive this once you register with the relevant tax office. But don’t worry – we provide detailed guides and resources to support you at every step, ensuring your online company registration process is as smooth and simple as possible.
A UG (Unternehmergesellschaft) is a German corporation with a minimum share capital of just 1 euro. It offers the advantage of limited liability, similar to a GmbH, but at lower formation costs. The UG is ideal for founders looking for a legal structure with limited liability and lower capital expenditure. It is particularly attractive for small and medium-sized companies, as it is uncomplicated to set up and can be operationally utilised quickly.
How to set up a UG
Sign articles of associationThe first step is to draw up articles of association that regulate all the important details of the company. This agreement can be customised or replaced by a model protocol provided by law. The model protocol is simpler and cheaper, but is only suitable for companies with a maximum of three shareholders and one managing director, as well as for cash start-ups. It only covers the basic points. The name of the UG should be checked with the IHK beforehand.
Open a bank accountThe managing director opens a bank account for the UG. The share capital (at least 1 euro) must be paid in full. Banks check this thoroughly, which can lead to delays.
Proof of paymentThe payment of the share capital must be proven to the notary by means of a bank statement. Payment in cash is usually not sufficient.
Commercial register entry: After the capital has been paid in and verified, the notary registers the UG with the commercial register. The limitation of liability only applies after registration.
The UG is ideal for founders looking for a legal structure with limited liability and lower capital expenditure. It is particularly attractive for small and medium-sized companies as it is uncomplicated to set up and can be operationally utilised quickly.
A UG (haftungsbeschränkt) has some disadvantages. The low share capital of just EUR 1 can lead to liquidity problems. However, our shelf UGs are equipped with EUR 1,000 share capital to counteract this risk. In addition, the UG must set aside 25% of the annual net profit as a reserve each year until the capital grows to EUR 25,000, which limits financial flexibility. Borrowing can also be more difficult, as creditworthiness is impaired by the low share capital. The ongoing costs for bookkeeping and tax advice are often higher due to the legal requirements. In addition, the UG may enjoy less trust in the business world than a GmbH.
The formation of a UG can take up to one month, depending on preparation, notarisation and entry in the commercial register. If everything runs smoothly, the process is usually completed within two to four weeks.
However, with one of the startbereit UGs you can be ready to go within a few days.
A shelf UG is an entrepreneurial company that has already been registered, has not yet done any business and can be taken over by you immediately. As long as it is recognisable as a shelf company, it is completely legal. All Vorrats-UGs (haftungsbeschränkt) from Startbereit are open and ready for immediate use.
A shelf UG with a fully paid-up capital of 1,000 euros costs 1,900 euros. There are no additional costs on our part. However, you will have to pay notary and court fees upon acquisition, the amount of which varies depending on the individual case. Please note that we do not set up UGs with a model protocol.
With a shelf company, it is important that the share capital is fully paid up and free from risks such as hidden contributions in kind. We guarantee that our shelf companies are 100% legally compliant. Each company was founded in Berlin, has an impeccable history and a share capital of EUR 1,000 that is fully paid up. This means you can cover your initial costs securely without having to worry about legacy issues or legal uncertainties. Trust in our experience and start your company worry-free.
In short: a shelf company is new and never used before, ready for immediate use. It has just been founded, has no past and no legacy, which enables a quick and uncomplicated start. A shell company, on the other hand, already has a history and was previously active. It may have previous business activities or even existing liabilities. It is therefore important to carefully check shell companies for possible legacy burdens or existing liabilities. A shelf company has been created specifically for immediate sale. It has not yet developed any activities and is therefore brand new and free of any obligations or legacy liabilities.
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Bleibtreustraße 38/39
10623 Berlin
info@start-bereit.com
+49 30 41734256
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