6 Great Cities In Germany For You To Start A Business

Germany is one of the world’s business hubs, mainly because it is the most influential country in the European Union. German products and goods are exported all over the world. If you are somebody who’s interested in setting up a business in Germany, then you have your work cut out for you. There is a lot of competition there, for obvious reasons.

However, while starting a business in Germany can be challenging, it can also be very profitable if you’re able to break into your chosen industry.

One of the most important considerations to make is the city that you choose to get started in. This post will offer six suggestions for choosing the right city.

Business Tax

If you’re planning on setting up a business in Germany, then you need to make sure that you are tax compliant. As you read more here, you’ll know that the best way to ensure it is to work with a professional agency, ideally, one with good reviews and a positive reputation. You can find an agency to work with online. Again, take reviews into consideration, as they can tell you a lot about an agency’s services.

Berlin

Berlin is Germany’s capital city. It is one of the best places in all of Germany to start a business. Most entrepreneurs go to Berlin when they want to get started in Germany. The downside to Berlin is how competitive the city is.

It can be very difficult to get started there, because of the huge number of businesses competing against each other. That said, as long as you have a good idea, commitment, and some financial investment to get you going, you should be able to find success.

Frankfurt

Frankfurt is another city that’s popular with international entrepreneurs. Frankfurt, like Berlin, is a very expensive city to live in. If you are planning on moving there, then it’s important to do your research and find the most affordable accommodation that you can, at least until your business is making profits.

If you are starting a brick-and-mortar store, then you would have to pay high rental prices for your store. Most experts agree the best way to save money if you’re starting a brick-and-mortar store is to rent a shop with an upstairs apartment. That way, you only pay for the rent on one building.

Munich

Munich is one of the most expensive cities on this list, rivaling Berlin and Frankfurt. Some very important government agencies and businesses are headquartered there. If you’re planning on starting a business in Munich, then financial investment is key.

Most entrepreneurs rent their own offices right away. In Munich, this might not be possible. Fortunately, though, there are a lot of coworking spaces available there. A coworking space is a building in which different businesses have their own little cubicles. You can rent your own cubicle for next to nothing.

Hamburg

Hamburg is a much more affordable city, although it’s not as popular with international entrepreneurs. It’s a great place to base yourself if you are going to be operating an online business, though.

The reason for this is because the city is, as just mentioned, significantly cheaper than the cities mentioned here so far. The city being cheaper means you won’t have to pay as much in rent or living costs. If you are running an online business, then you will be able to live very affordably.

Leipzig

Leipzig’s a great place to start a business. The city has an amazing art and culture scene, so when you are finished working in the evening, you will have no trouble finding interesting places to spend your time. Leipzig is also a lot cheaper than Berlin, Frankfurt, and Munich. That said, it is an overcrowded city.

If you want to start a business there then it’s a good idea to try and arrange your accommodation several months before you visit. Do not leave it until the last minute, because you could then find yourself unable to secure a flat or house to rent.

Nuremberg

Nuremberg is becoming a hub for entrepreneurs throughout Germany. If you’re interested in starting up there, then you should try to find a flat or house to rent quickly, before prices shoot up. It is in a good location and has good transport links to other areas of Germany. Nuremberg is also a very nice safe city to live in.

Germany is a fantastic place to start a business. However, before you can, you need to find a city to set up shop in. You can use this post’s advice to determine which city is right for you.