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Doing business in Hamburg
Download the brochure 'Doing Business in Germany' (English - Chinese)
This 2004 updated version of the public information brochure 'Doing Business in Germany' was published in hard copy and as a downloadable PDF on 29 March.
For further information on the programme 'Doing Business in Germany', please contact:
Mr. Rainer Inzelmann
Deichstrasse 1, 20459 Hamburg, Germany
Tel: +49 40 3760100, Fax: +49 40 37601199
E-mail: Rainer Inzelmann
Hamburg: Business centre for Northern Europe
Where you find one of Europe's most dynamic business centres and an attractive market with significant purchasing power? In Northern Europe.
At the dawn of the 21st century the Baltic Region is a high-growth area and Hamburg is its economic capital, a city with excellent links to all the markets of Central Europe. For more than 800 years Hamburg has been Northern Europe's most important trading centre for all kinds of goods and a key hub of overseas trade to and from the countries of the Baltic. Nowadays, numerous countries see Hamburg as the gateway to the markets of Western and Eastern Europe. More than 3,500 international firms operate in and from the Greater Hamburg Region, including more than 500 from both Asia and Scandinavia. Hamburg is also one of the most important locations in Germany for firms from the US and Eastern Europe.
Hamburg is Germany's second city with more than 1.7 million inhabitants and one of the country's most powerful business locations. It also generates the highest per capita GDP of any German state. Hamburg's economy is dominated by services with around three-quarters of the workforce employed in this sector.
Although trade and transport were traditionally the major industries in Hamburg's service sector, nearly half the workforce is now employed in the media, software provider, telecommunications, banking, insurance and hospitality industries while in the so-called digital economy Hamburg has become one of the Europe's leading locations. Despite the dominant role played by the service sector, Hamburg is also one of the Germany's leading manufacturing locations.
Hamburg is a location par excellence – a professional partner for your entrepreneurial activities in Germany. We hope we can soon count you among the growing ranks of Hamburg's international business community.
Starting a business in Hamburg with Schomerus
We at Schomerus can help you launch your new business in Hamburg as well as consolidate and expand your existing business. We're also the right people to talk to if you're having difficulties with your business, or if you need help with succession planning.
Without knowledge of the legal framework one cannot act as an entrepreneur in Germany, especially the German tax legislation is of high relevance to foreign companies.
We provide you with the most important provisions for business start-up:
- Legal requirements and general prerequisites for doing business in Hamburg,
- regulations applying to foreign investors and foreign nationals,
- typical corporate legal structures,
- membership of the Hamburg Chamber of Commerce,
- labour law,
- the German social security system,
- Taxation,
- Local legislation, language and cultural assistance.
In addition to these special start-up services, we provide other services including:
- Accounts and audit
- Book-keeping and management accounts
- Business and personal tax
- Business and management consultancy
- Corporate finance
- Joint venture arrangements
- Information Technology
- Payroll
- Tax Planning and compliance
- VAT
At Schomerus we are able to provide you with useful contacts if you are looking for business partners. Simply get in touch with us and we will endeavour to give you more information on the partners you are looking for.
In close cooperation with the Hamburg Business Development Corporation (Hamburgische Gesellschaft für Wirtschaftsförderung or HWF) we are able to offer you a wide range of services to meet your needs and to help your business grow. The HWF serves as a link between business, the authorities and politicians, and give you individual assistance with setting up your business in Hamburg. HWF's consultancy service is provided in strict confidence and free of charge. The range of services offered is extensive, particularly in the property sector. International companies can look forward to working with a team of experienced project managers with plenty of practical experience - people who speak the language of business.
International companies looking for the right business location in Germany can also call on a number of other services:
- Extensive locational information
- Help in setting up business in Hamburg
- Support in procuring residence and work permits
- Assistance in finding the right cooperation partners and specialists
- Support in entering the European market
If you want to use Hamburg as an export base, you can also get support from Hamburg Chamber of Commerce and the Federal Office of Foreign Trade Information (bfai), a government agency.
Schomerus Consulting Services for Foreign Investors
- Operation setup: Choice of business entity, registration of company or branch
- Meeting legal and tax requirements:
- Financial accounting
- Payroll accounting
- Travel expense policies and reports
- Preparation or audit of annual accounts
- Advice on current tax matters
- Preparation of tax returns
- Correspondence and negotiations with the tax authorities
- Support to expatriates
- Documentation for international intercompany transactions
- Identifying and solving tax risks
- Further Consulting:
- Budget preparation
- Management Reporting (in English or German)
- Tax planning to reduce the overall tax burden
- Transfer pricing
- EU company and personal tax law
- International group restructuring
- Consulting on liquidation of corporations
Contact
Schomerus will be happy to assist you with any questions you may have relating to your business plans. For further information please contact:
Rainer Inzelmann
rainer.inzelmann@schomerus.de
Hamburger Treuhand Gesellschaft
Schomerus & Partner
Wirtschaftsprüfungsgesellschaft
Deichstrasse 1
20459 Hamburg
GERMANY
Phone: +49 40 3760100
Fax: + 49 40 37601199
E-mail: info@schomerus.de
Internet Links:
HWF Hamburg Business Development Corporation: www.hamburg-economy.de
Hamburg Chamber of Commerce: www.hk24.de
Federal Office of Foreign Trade Information: www.bfai.de
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