For more than a day I have seen people quoting this post and saying how bad Germany is for entrepreneurs due to that.
If your company fails because you had to sit through a notary session then you would have failed anyway.
The actual problems with Germany are a lot worse and much deeper. Notaries are annoying sure.
But the entire country and its system is built to kill enterpreneurship and discourage it at every point.
Some other examples apart from the notaries:
- Dealing with the cross-EU VAT situation the moment your company has more than 10k yearly revenue. (yes you heard it right making 10k in a year ... as a company).
- Having to identify all users online (asking them for address/country), charge them different VAT depending on their country and follow the VAT changes in real time as they happen.
- Absolutely zero help from the state. Zero. Nada. Nothing. Nichts.
- Instead of help you are greeted with utter hostility and suspicion.
- Dealing with the German tax system and getting audited multiple times in a 8 year period. Yes a tiny company of 3-4 people being audited multiple times because hey ... why not? Competing world-wide is not a hard enough task, let's make it impossible to function.
- Social security and insurances. All your employees costs you roughly 20-25% more than their stated salaries.
- If you are a company with more than 10 employees then good luck letting people go when you need to.
- Completely random expenses every year such as the IHK expenses (chamber of commerce membership), some employee accident insurance that you must always have even if you have no offices etc.
These are just some things that popped up in my head as I write this. There is a lot more and it's just sad.
As a country, Germany is made to stop you from being successful. They are stuck in the past for everything and this is why the economy here is failing. And it won't get better anytime soon. Things will get a lot worse before they get better. As I see nothing happening to fix any of these. Instead somehow it's all the immigrant's fault and the far right is rising. /s
Sorry for the late night rant
Met a German founder this week and asked him if all the stories one reads about the challenges of startups in Germany are exaggerated. "No, they're understated." Proceeded to describe spending a full day having a 90-page investment contract read to him (mandatory under German law; § 13 BeurkG) by a notary that then charged €30,000. That was for his first company. His second company, needless to say, was not incorporated in Germany.