What is the difference between a standard and individual UG? The requirements for an individual UG are almost the same as the standard setup of a UG but with some major differences. Your company will have:
- more than one director,
- maybe more than three shareholders,
- initial capital of more than € 300, and / or
- individualized articles of association.
Any of these differences disqualify your setup to be standard. The lawmaker wanted to setup a competitive legal structure to the UK Limited and also provide startups with an affordable setup to start their business and look out for an investor. For this reason parliament reduced the legal costs as shown for the standard formation in order to enhance low budget corporate start-ups.
|Beam my Presence to Germany UG (limited liability) provides virtual offices and registered addresses for your GmbH or UG or a representation in Germany.|