I can 100% relate and I know the sudden rush of stress once you see the Finanzamt written on the letterhead. I had a gmbh in Germany for 3 years. I made profit, but most of it in the end went to the Finanzamt and tax consultants. Probably got our around 30% of brutto earned. All the work was done online/digitally. Worst decision in my life. Greetings from Dubai!

@Brandevise

Жыл бұрын

Hi Ivan, Really glad to hear that atleast somebody could relate - for me it was just the WhatsApp messages that my wife’s grandpa would send me of the letters which came in my name when we are somewhere else in the world. After sometime, I really simply hated to see a notification of unread message from “Opa”. I thought all of it ended until I came to Germany this time and saw another “Betriebsprüfung” letter for me - someone who shouldn’t even be receiving letters at that address anymore. How is your experience in Dubai so far? I’d love to connect over IG.

"Never ending paperwork & psychoterror" perfectly describes running a business in Germany

Thanks for the videos! It is really hard to find the info you provide. Keep it up!

Hey man, I just stumbled on your channel because I really have the idea of starting my own business in Germany but after seeing what you went through and hearing about the various hoops they make you jump through I’m really not excited to do it anymore; it’s sad to see the way young entrepreneurs are treated instead of being encouraged for their efforts and risks and help them flourish they are followed and forced to be under unnecessary stress. It’s kind of sad to see. The best bet is to stay in Germany as an employee save up as much money as you can then move to another country and start your business once you have a good enough capital

Thanks a lot for this amazing informative video Barath, I found it pretty useful and will watch it again, wish you all best, greetings

I feel for you, Bharat, I really do. Thank you for sharing your experience with us. The one silver lining I can think of is : if things wouldn't have been this bad in Germany, perhaps you would not have investigated other countries where the business rates are better. The poor conditions in Germany made you want to research other options which in turn led to lower taxes and now a property portofolio 👏 I hope this line of thought can bring some relief in having to deal with this burocracy BS again.

Thanks for this video. I am about to start a business in Germany and it’s already a nightmare just finding a bank.

Bharat I appreciate your honesty this time as few years back you were making videos that Germany is easiest to open business. I have been living in Germany since last 4 years and I 100% know how bureaucratic Germany is and how difficult it is to open a business in Germany especially as an expat.

@Brandevise

Жыл бұрын

It is still the easiest country to open business in - but short term. After the first 2 years are done - time to find a new place

Thanks for sharing your experience! I tried to booked you a call, but your calendar has no empty time slots 😢 Will you open more timeslots? :)

Hello Bharat, Thanks apke informative video ke lie. Freelancers ke lie bhi aise hi problems hai kya?

There are lot other KZread videos telling the same .. that starting a business/startup in Germany is a horrible idea.

I have a question. Can I manage a business in Romania from Germany. Ot will be a. trading company

Do you have a video about buying the house in Denmark?

Do u manage rental properties for others in Romania ?

You bought them without mortgage, right? where did you get the money for Danish property than? You said that at that time the income was 2000 and for Alina also somewhat like that. And why you think that real estate is safer or better than e.g. dividend ETFs? You get that same 4-5% but keep the liquidity and don't . Interesting to hear your opinion on that. And thank for sharing your story.

@Brandevise

Жыл бұрын

The first property was not expensive - 43000€. So of course - no mortgage needed if you saved up for 3 years almost whatever you were making. But the real investment started happening after that because of the condition of the house - around 168000€. I have still around 20% of my assets in stocks now but if things go wrong with the US economy, you need something physical too. I’ll go in more detail in the next video.

@freemantis1991

Жыл бұрын

@@Brandevise Interesting, it makes more clear, so you bought that big house on the island just for 43000€ ? lucky price. And about other properties and maybe for the next video as well - I agree about US etc. but having most of the money in one country and in the most non-liquid asset is equally dangerous in my opinion. We have a very very similar story and situation like you , but I don't feel comfortable to share it here. You are braver in that sense ^_^. Would be nice to here your thoughts.

@Brandevise

Жыл бұрын

Hi! Yes, that was indeed a pretty lucky price - but we knew that we will have to put a lot of money in the house - the good thing was, we could decide when and how much to put inside and we definitely don’t want to take a loan at all. About properties - to be honest, most people have most of their properties in one country - I know that’s not a great excuse / reason, but the more companies we put our hands inside right now, the more managerial nightmare it becomes at this stage. Maybe when we are earning 5x what we are doing now, that could be a feasible option - start a private limited in a country, but houses over it, rent it. In stocks I still have a decent amount but I’m not comfortable right now putting more in that at my stage.

@freemantis1991

Жыл бұрын

@@Brandevise That's true most of the people keep their money in real estate within one country , but that is what I can't digest. It means you bet on that, that country is going to do well in next 15-20 years, because in case of stocks even if you have to sell them with losses, it is almost always a matter of days if not minutes, they are very liquid assets, while with real estate it takes a lot of time to close a deal, with all paperwork and home visits etc. And if somethings goes wrong in the geopolitics you get stuck - the liquidity drops even further. And the second thing where I saw disadvantage is that it makes somewhat sense if you can physically be there to deal with tenants when needed - I thought delegating that to management company to manage it remotely but then your nett yield drops and it makes even less sense to take the associated risks . I'm not against real estate - I just don't see benefits over other assets. Like I said we have a lot parallels. That's why I'm interested to talk with people like you who have their skin in the game, I find a value in such opinions ;)

Moved to Germany recently due to the war in Ukraine where i was working as a freelancer paying basically nothing in taxes (5%). Now I'm registered as a Freelance Software engineer in Germany for the past 3 months, having to pay the high taxes and I'm really scared of all these stressful processes you are talking about here. Not sure i have the option to leave Germany either. If the war ended today I'd gladly return to Ukraine. It really sad how bad the German system is. I hope youre able to finalize everything with them and can finally focus on your Business.

@Brandevise

10 ай бұрын

Hi Emmanuel, I can completely understand. If you need any help, you can just drop me an email.

Did you ever discuss Estonia as an option or was it always Romania?

@Brandevise

Жыл бұрын

Estonia is a trap - 20% tax minimum + social contributions

Thanks for sharing this Bharat, really appreciate the transparency. However, is it the same case with a KZread Channel, if someone is making a huge money annually more than 33k Euros?

@Brandevise

Жыл бұрын

Things change right after the 22k limit. I offer one on one consultations if you’d like to learn more on the upcoming tax obligations if you are above that: Brandevise.com/appointment

@amanletsgo

Жыл бұрын

@@Brandevise Sure, thanks a lot.

Move to america. Less stress then what you get in germany. American real estate gains large values.

@BlazinPianoDrummer92

Жыл бұрын

Was gonna say his biggest mistake was having a business in Germany. Its a complete shitshow there tryin to incorporate a company big or small. So much beuracracy. Lol go to switzerland or the us and you wont be hounded by the government

Does everything change when you become a German citizen ?

do you need a German Passport to open a business in romania and live in Germany?

@Brandevise

Жыл бұрын

Anybody can do that. You can write an email regarding this at myromaniancompany.com

It’s so strange. They already got access to everything digitally. You’d think they’d be further along and move everything to digital solutions with automation rather than fill up your mailbox. In Norway everything is digital. I can’t think of a single incident in the last 10 years where I had to show up in person or read a physical letter from government/bank. Even starting a company is done online and in about an hour. There’s also free startup courses for first time entrepreneurs explaining how things work and what to look out for, in-person and online. You’re automatically invited once your company is registered. Germany sounds ancient in comparison.

@Brandevise

Жыл бұрын

This is very unfortunate - also in the name of digitalization the projects which get started in Germany end up becoming a lot more expensive and a lot longer than they should be.

@SAR2325

Жыл бұрын

German authorities communicate only with letters. Don't understand why though.

🤔

Not charging VAT is not their fault. Its basic bro.