OPENING A BANK ACCOUNT IN GERMANY

If you run a German business, it is required to also have it's own dedicated German corporate bank account. However, when opening a corporate bank account (for GmbH, UG or AG), a range of factors must be taken into account. 

In case you are in the process of incorporating a new business in Germany, not all banks will agree to open a corporate account right away. This is mainly due to the fact that the company has not been registered yet, as well as that the bank requires further background checks, especially for the shareholder and managagin directors.

Additional difficulties might arise from the fact that an authorised signatory does not have a residence permit in Germany for a period exceeding three months. Some banks are rather careful with regard to a number of activity types. In any case, personal presence of the director is required to open a corporate bank account for a German company.

We consider all these questions when opening a corporate account, help clients to avoid any problems and successfully solve such situations. Our employee accompanies you to the bank and acts as a translator if you don't speak English or German.