EU MEMBERS > GERMANY

Germany business environmentDoing business in Germany 

KEY FACTSAs Europe’s largest economy and second most populous nation, Germany is a

key member of the continent’s economic, political, and defense organizations.

The German economy is heavily export-oriented; as of 2008, Germany is the

world’s leading exporter of merchandise, and exports account for more than

one-third of national output. (CIA World Factbook)

Currency: EUR 

Key exchange rates: EUR/USD1.33

EUR/GBP

0.82

EUR/JPY

118.14

Interest rate: 1%

Current inflation: 2.8%

Inflation target: 2%

Tax rate: 19%

Major German owned companies: 

 Allianz Allianz is the largest financial services provider in the world, and is based in

Munich, Germany. The company’s main focus is insurance. Allianz is the

second largest international insurance and financial services organization in the

world.

Daimler  A German car corporation, Daimler is a globally leading producer of premium

 passenger cars and the largest manufacturer of commercial vehicles in the

world. The Daimler Financial Services division has a broad offering of financial

services, including vehicle financing, leasing, insurance and fleet management.

Siemens Group 

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and

electrical engineering, operating in the industry, energy and healthcare sectors.

 

FIRST STOPBanking

Deutsche Bundesbank Bundesbank is the central bank of Germany, and business areas includethe Eurosystem monetary policy, as well as financial and monetarysystem, banking supervision, cashless payments and cash operations.

Deutsche Bank Deutsche Bank is a leading global investment bank with a strong andprofitable private clients franchise. A leader in Germany and Europe, thebank is powerful and growing in North America, Asia and key emergingmarkets.

Legal

Hengeler Mueller  

 

Hengeler Mueller is a partnership of lawyers with offices in Berlin,Düsseldorf, Frankfurt, Munich, Brussels and London. Hengeler Mueller specialises in offering high-end legal advice to companies in complexbusiness transactions. The firm provides counsel to leading German andinternational industrial and commercial companies, private equitycompanies, banks, insurances and other financial service providers.

CMS Hasche Sigle 

 

One of the largest law firms in Germany, offering highly qualified advicein every area of commercial law.

Accounting

Trinavis With nine partners and over 160 employees, TRINAVIS offers taxadvisory and audit services to clients in Germany and to internationalcompanies for their business activities in Germany. German Public Auditors, Tax consultants and Lawyers work in unison to actively supportour clients

RöverBrönner  The merger of the Röver and Brönner Groups created one of the largestindependent audit and tax accountancy firms in Germany. RöverBrönner combines the experience of 6 and 9 decades in auditing and consultingand offers services in auditing, tax and management consulting, inaddition to fund management and general trustee services.

 

GERMANY

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Capital: Berlin

Official languages: German

Government: federal republic

EU accession: 1951 (founding member)

Area: 357,027 km2

Population: 82,369,552 (July 2008 est.)

Internet TLD: .de

Calling code: +49