Germany Sees Record 585,000 New Business Registrations in 2024
In Germany, self-employment is on the rise, with over 585,000 new business registrations in 2024. Many founders start alone, often for professional reorientation, and begin part-time to test their business idea. They benefit from simplified regulations for self-employed professionals and various supports like the startup allowance.
To start a business, founders must meet certain formal requirements, such as being at least 18 years old and registering their activity. Good preparation is key, including solid commercial planning and understanding of business economics basics. A thorough analysis of the target group and a well-crafted business plan are crucial for success.
Founders also need to be aware of additional obligations. Traders, for instance, must join the Chamber of Industry and Commerce (IHK) and maintain proper bookkeeping. They must also choose the appropriate legal form for their business, which affects liability and tax responsibilities. Despite these requirements, contacts and networks, such as coworking spaces and local events, can provide valuable support and opportunities for partnerships.
With around 585,000 new business registrations in 2024, self-employment in Germany is thriving. Founders benefit from simplified regulations, financial support, and practical advice. However, they must also meet formal requirements and additional obligations, depending on their business type. With careful planning and preparation, entrepreneurial success is within reach.
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