|Local Time (LIVE):||3:26 AM|
|Local Currency:||$1 = €0.82|
|Business Language(s):||German, English|
|Tax Year Dates:||1st January – 31st December|
If you’re thinking of expanding your business to Germany, you’re in good company – 22,000 foreign enterprises have established businesses there. As Europe’s largest national economy and one of Europe’s most cost-effective production locations, Germany presents endless opportunities for growth. Among the country’s main exports are cars and vehicle parts, medical goods and aircraft machinery.
Part of the reason for Germany’s historic economic success is its proximity to other wealthy European nations. The country is bordered by the Netherlands, Belgium, Luxembourg, France, Switzerland, Austria, Czechia, Poland and Denmark, revealing its central position within the continent. Germany also has a famously reliable public transport network, and 31 airports. The largest airport, Frankfurt International Airport, offers flights to more than 300 destinations in almost 100 countries.
Business owners who feel that expansion into Germany is the right move for their company will need to ensure the business is payroll and HR compliant in Germany. To achieve this, you need an international employment specialist by your side. That’s where IRIS FMP’s HR and payroll services come in.
Working & Living in Germany
For information on what it’s like to work and live in Germany, check out our Living & Working in Germany Guide.
Details correct at time of publication. You should not rely on these details without first seeking professional international advice.