Germany Culture, Economy, and Politics

Germany has the largest economy as well as the largest population in Europe. Its capital city, Berlin, is also its biggest. It has a population of more than 80 million and the majority speak German (Deutsch). As a global center of industrial and technological innovation, Germany’s political climate is stable although the country achieved national unity later than many other European countries. After World War II, Germany faced an economic crisis, but bounced back to become the most prosperous economy in Europe and the fifth largest in the world. Germany has a multiparty political system with two major parties, the Social Democratic Party and the Christian Democratic Party. About 60% of the population practices Christianity and it is rich in traditional cultures such as Oktoberfest, Karneval, and spectacular Christmas celebrations.

April 2Good Friday
April 5Easter Monday
May 1May Day
May 13Ascension Day
May 24Whit Monday
October 3Day of German Unity
December 25Christmas Day
December 26Boxing Day
  • Einzelunternehmen: individual entrepreneur
  • Eingetragener Kaufmann (male/both genders)/eingetragene Kauffrau (female) (e.K./e.Kfm./e.Kfr.): registered merchant
  • Gesellschaft bürgerlichen Rechts (GbR), BGB-Gesellschaft
  • nicht-eingetragener Verein
  • Offene Handelsgesellschaft (OHG)
  • Kommanditgesellschaft (KG)
  • Partnerschaftsgesellschaft (PartG)
  • Partnerschaftsgesellschaft mit beschränkter Berufshaftung (PartGmbBH)
  • Partenreederei
  • Kommanditgesellschaft auf Aktien (KGaA)
  • Gesellschaft mit beschränkter Haftung (GmbH)
  • Unternehmergesellschaft (haftungsbeschränkt) (UG)
  • Aktiengesellschaft (AG)
  • eingetragene Genossenschaft (e.G.)
  • Körperschaft des öffentlichen Rechts
  • Stiftung
  • Stiftung des öffentlichen Rechts
  • Anstalt des öffentlichen Rechts
  • Corporate Tax: 29.65%
  • Income Tax (Lowest Marginal Rate): 14% (€9,169 are free of income tax)
  • Income Tax (Highest Marginal Rate): 47.475% (45% income tax + 5.5% solidarity surcharge based on the total tax bill)
  • VAT/GST/Sales Tax: 19% (standard rate), 7% (reduced rate)
  • BayernLB, Munich (Local Bank)
  • Commerzbank, Frankfurt (Local Bank)
  • Consorsbank, Nuremberg (Local Bank)
  • DAB BNP Paribas, Munich (Local Bank)
  • DekaBank Deutsche Girozentrale, Frankfurt (Local Bank)
  • Deutsche Bank, Frankfurt (Local Bank)
  • Deutsche Pfandbriefbank, Unterschleißheim (next to Munich) (Local Bank)
  • Deutsche Postbank, Bonn (Local Bank)
  • DZ Bank, Frankfurt (Local Bank)
  • GLS Bank, Bochum (Local Bank)
  • HSH Nordbank, Hamburg/Kiel (dual seat) (Local Bank)
  • Hypothekenbank Frankfurt, Frankfurt (Local Bank)
  • KfW (Local Bank)
  • Landesbank Baden-Württemberg, Stuttgart (Local Bank)
  • Landesbank Berlin Holding, Berlin (Local Bank)
  • Landesbank Hessen-Thüringen, Frankfurt (Local Bank)
  • N26, Berlin (Local Bank)
  • Landwirtschaftliche Rentenbank (Local Bank)
  • solarisBank, Berlin (Local Bank)
  • Nord/LB, Hanover (Local Bank)
  • NRW.Bank, Düsseldorf (Local Bank)
  • WestLB (As of 30 June 2012 WestLB was downsized and Portigon Financial Services AG became the legal successor of WestLB) (Local Bank)
  • Wirecard Bank (Local Bank)
  • WGZ Bank, Düsseldorf (Local Bank)
  • Allied Irish Banks, Frankfurt (Foreign Bank)
  • Anglo Irish Bank, Frankfurt (Foreign Bank)
  • Banco Santander, Mönchengladbach (Foreign Bank)
  • Barclays Bank, Hamburg (Foreign Bank)
  • BNP Paribas, Frankfurt (Foreign Bank)
  • Crédit Lyonnais, Frankfurt (Foreign Bank)
  • dev bank, Frankfurt (Foreign Bank)
  • Handelsbanken, Hamburg (Foreign Bank)
  • ING Group, Frankfurt (Foreign Bank)
  • Lloyds TSB, Frankfurt (Foreign Bank)
  • Royal Bank of Scotland, Frankfurt (Foreign Bank)
  • SEB AG, Frankfurt (Foreign Bank)
  • Société Générale, Frankfurt (Foreign Bank)
  • Hanseatic Bank, Hamburg (Foreign Bank)
  • UniCredit, Munich (Foreign Bank)
  • Creditanstalt, Munich (Foreign Bank)
  • HypoVereinsbank, Munich (Foreign Bank)
  • Bank of Communications , Frankfurt (Foreign Bank)
  • Bank Sepah , Frankfurt (Foreign Bank)
  • Citibank Private Customers, Dusseldorf (since December 2008 part of French Crédit Mutuel bank) (Foreign Bank)
  • Citigroup Global Markets Germany (Corporate Bank)
  • Frankfurt (Foreign Bank)
  • Credit Suisse (Foreign Bank)
  • Goldman Sachs , Frankfurt (Foreign Bank)
  • ICICI Bank , Frankfurt (Foreign Bank)
  • JP Morgan , Frankfurt (Foreign Bank)
  • Lazard , Frankfurt (Foreign Bank)
  • Merrill Lynch , Frankfurt (Foreign Bank)
  • Mitsubishi UFJ , Frankfurt (Foreign Bank)
  • Mizuho Bank , Frankfurt (Foreign Bank)
  • Morgan Stanley (Foreign Bank)
  • National Bank of Pakistan , Frankfurt  (Foreign Bank)
  • State Bank of India , Frankfurt (Foreign Bank)
  • Sumitomo Mitsui Financial Group , Frankfurt (Foreign Bank)
  • UBS AG , Frankfurt (Foreign Bank)
  • Bankhaus C. L. Seeliger, Wolfenbüttel (Private Bank)
  • Bankhaus Lampe, Frankfurt (Private Bank)
  • Merck Finck & Co, Munich (Private Bank)
  • Bankhaus Löbbecke & Co, Frankfurt (Private Bank)
  • Donner & Reuschel, Hamburg, Munich (Private Bank)
  • Hauck & Aufhäuser, Frankfurt, Hamburg, Munich (Private Bank)
  • Berenberg Bank, Hamburg (Private Bank)
  • Bierbaum & Co, Frankfurt (Private Bank)
  • Degussa Bank, Frankfurt (Private Bank)
  • HSBC Trinkaus & Burkhardt AG (Private Bank)
  • IKB Deutsche Industriebank, Frankfurt (Private Bank)
  • Metzler Bank, Frankfurt (Private Bank)
  • Rothschild Investment Bank, Frankfurt (Private Bank)
  • Südwestbank AG, Stuttgart (Private Bank)
  • Von Linden Bank, Frankfurt (Private Bank)

Aadmi can support you with your expansion to Germany. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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