Start a Fintech Company in Germany
Start a Fintech Company in GermanyUpdated on Saturday 21st August 2021
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Fintech companies provide financial services by making use of new technology and innovative software solutions. Germany is well-represented among the European financial technology hubs, with Berlin remaining the most attractive city for those who want to start a fintech company in Germany.
Our team of lawyers in Germany can provide investors with all the needed company formation advice and counseling for opening a financial services company.
The fintech sector in Germany
Germany has a developed financial services sector with start-ups offering innovative services to clients and providing solutions for businesses. Examples of services offered by fintech companies include:
- blockchain technology;
- digital wallets;
- banking service platforms;
- payment solutions and money transfer solutions;
- portfolio management solutions;
- money lending;
- digital investment services and others.
Fintech businesses can expand their services outside of the German market. those types of companies that offer personal finance services, such as financial management services or personal digital wallets can cover the needs of customers worldwide, although, in practice, they will start by covering just a number of markets at first. Successful fintech companies in Germany can operate from several platforms, not just one located in a German city, for example, they can run their operations from Austria, French or even Spanish platforms.
Fintech companies in Germany can access a number of funding options and innovative businesses can become very successful at raising capital solely form funding.
Our German lawyers can give you details about the special licensing procedure for fintech companies, as they do need to obtain approval from the relevant financial supervisory authorities. We can also assist if you want to open a bank account in Germany.
Start a company in Germany
Company formation in Germany is a process that consists of several steps, starting with choosing a suitable type of legal structure and a company name that needs to be checked. The company’s constitutive documents are then drawn up and notarized and the initial share capital is deposited in a bank account in Germany.
All companies in Germany are registered with the Commercial Registers and must notify the labor offices when hiring employees. One of our attorneys in Germany can walk you through all of these steps and provide adequate assistance, especially for foreign investors.
You can contact our law firm in Germany for more information about the legal services we provide for companies and investors.