Why You Can't Escape Germany Anymore - The Invisible Tax Wall For Business Owners

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Пікірлер: 40

  • @ShalandaDewitt
    @ShalandaDewitt7 ай бұрын

    My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

  • @g-man-innermaster
    @g-man-innermaster Жыл бұрын

    Many thanks Bro, super valuable (like always)

  • @Uberhomomanchenn
    @Uberhomomanchenn Жыл бұрын

    Great, thank you

  • @SchwarzeKatter
    @SchwarzeKatter Жыл бұрын

    @brandevise. I am investing on ETFs on the longrun, but Allianz came to the company I work at with a private/company pension. What do you think about those? Do you have a video comparing these? or could you make one? Do you think one is better off investing themselves?

  • @kebizdarboe4765
    @kebizdarboe4765 Жыл бұрын

    I Bro, how are you? I am a big fan of your channel and a long-time subscriber here I have a question I wanna know which ETFs are the best for saving plans for students in Germany thank you 🙏

  • @matijamoslavac3673
    @matijamoslavac36737 ай бұрын

    Is that including "Nebengewerbe" too ? If I work at my main job as employee, and have side business will they chase me if I move out ? And do you have any knowledge if that is the the same with Austria ?

  • @sorabh92
    @sorabh92 Жыл бұрын

    I am living in Germany from last 4 years. Opened GmbH last year. So 7 years limit is related to my residence in Germany or the operational time of GmbH?

  • @TommyKristanto1
    @TommyKristanto16 ай бұрын

    Thank you Brandevise, you have saved my ass !

  • @SchwarzeKatter
    @SchwarzeKatter Жыл бұрын

    Wow I am feeling less motivated everyday to start a business in Germany . No wonder nobody wants to do business here.

  • @Brandevise

    @Brandevise

    Жыл бұрын

    Unfortunately.

  • @Flowergirl222

    @Flowergirl222

    Жыл бұрын

    I just started a business here and already regret it.😅

  • @SteffenWernicke

    @SteffenWernicke

    3 ай бұрын

    Dont make anything in Germany. Move away! Otherwise you get stuck in slavery there!

  • @doubleoghartmann4935
    @doubleoghartmann4935Ай бұрын

    So you have to close your company first paying 50 % tax and then leave ? End then you wouldn’t pay exit taxes.

  • @user-ru1lm2qo4b
    @user-ru1lm2qo4b Жыл бұрын

    Amazing video I have been reading a lot about this. Interesting question: is it 100% sure that is only applied to gmbh in germany? Or also private limited that you have in other countries? Just asking cuoriosly.

  • @Brandevise

    @Brandevise

    Жыл бұрын

    Only for a private limited in Germany.

  • @andalmansa

    @andalmansa

    Жыл бұрын

    ​@@Brandevise I read the opposite, and after consulting with international lawyers experts they confirmed that this apply to any company not just to a GmbH. Another thing is if the Finanzamt does not know about your company based outside of Germany but would be consider tax evasion.

  • @getrealwithmya
    @getrealwithmya Жыл бұрын

    Germany is playing a dangerous game. They will chase a lot of talents and entrepreneurs in their country. May I know if this applies to UG and if your company is only 1year old?

  • @Brandevise

    @Brandevise

    Жыл бұрын

    As I mentioned- 7 years minimum. Also applies to UG

  • @jakefrommalibu
    @jakefrommalibu Жыл бұрын

    Almost every country in the EU has an exit tax (including Romania). Look up "ADAT" laws.

  • @Brandevise

    @Brandevise

    Жыл бұрын

    kpmg.com/xx/en/home/insights/2018/07/european-tax-romania-country-profile.html In Romania that’s 16%

  • @DannyFeng
    @DannyFeng Жыл бұрын

    Does this apply for freelancers in Germany as well?

  • @Brandevise

    @Brandevise

    Жыл бұрын

    It doesn’t. Only private limited.

  • @homosapien508
    @homosapien508 Жыл бұрын

    But can't someone "close and shutdown" their company before they move out and then they won't have to pay this tax? I understand they have this law because the capital gain tax is based on the place or residency which would make the german government lose some tax revenue

  • @Brandevise

    @Brandevise

    Жыл бұрын

    Yes, that is possible. But you'd end up with selling everything or most of the things at 49% tax (30% tax on profit and 26.375% tax on dividends) because you'll have to take out your money.

  • @Brandevise
    @Brandevise Жыл бұрын

    Here's an alternative for a horror movie this weekend. Read about 'Wegzugsbesteuerung' : de.wikipedia.org/wiki/Wegzugsbesteuerung

  • @dekev7503
    @dekev75034 ай бұрын

    Dude you're really funny. As a student, you preached Germany, Germany and more Germany. Now that you've graduated and seen the real world, you're singing a different tune 😅

  • @sjs5256
    @sjs5256 Жыл бұрын

    How many tax to close the company

  • @Brandevise

    @Brandevise

    Жыл бұрын

    49% tax. Sharing in another video.

  • @beepoz
    @beepoz Жыл бұрын

    Thanks for the video! Perhaps one point that’s not yet clear to me: is the requirement “living in Germany for 7 years” or “having a company in Germany for 7 years”? Cheers.

  • @Brandevise

    @Brandevise

    Жыл бұрын

    Having a company in Germany for 7 years.

  • @andalmansa

    @andalmansa

    Жыл бұрын

    @@Brandevise That's not the case, this apply to people who were tax residents in Germany for 7 years. You can own more than 1% of a company without having a GmbH and still will have to pay the exit tax.

  • @hamidmahmood345
    @hamidmahmood345 Жыл бұрын

    Will it be the same case if you are a German National?

  • @Brandevise

    @Brandevise

    Жыл бұрын

    As I said - makes absolutely no difference which nationality you have.

  • @paullin178
    @paullin178 Жыл бұрын

    In the present situation as there are border Tensions with EU, is it safe enought to invest on EU soil.

  • @parthisubramanian
    @parthisubramanian Жыл бұрын

    I have started my business and registered it as well.. I will not be moving out of germany and therefore , I don’t care about the exit cost. I have heard that Finanzamt is very strict on certain companies.. but if you do your tax correctly with your Steuerberater then life is easy.. if you cut corners on Steuerberater, you will regret.

  • @Brandevise

    @Brandevise

    Жыл бұрын

    Good luck. Tell me again when you are 3 years into it - nobody who starts their business wants to cut corners - what they want to do is habe More time for themselves. Once the papers start piling up for explanations and filling out the same details over and over again, then you’ll understand what the digital nomads who move away mean - we have had 0 paperwork in Romania so far and in Germany, I was filing the same details over and over again almost every week to different public authorities.

  • @SteffenWernicke

    @SteffenWernicke

    3 ай бұрын

    You will work in Germany like a slave and you will give away more than 50% of your profit on taxes.

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