Corporate Founder in Germany – Definition & Law
Conceptually, the founder of a corporation is either a natural or a juristic person. The law requires that the founder must identify himself. For natural persons, like you and me, this is no issue. You just produce your ID or passport.
If a company wants to found a subsidiary, then this requires more attention! The company needs to identify itself as well. Working across at least over two jurisdictions is a bit demanding. Since the German Commercial Registry is authoritative with the details published, the registry is pretty picky on the exactness of details. They want every single proven and that in German. In contrary to other jurisdictions, the Commercial Registry publishes binding information enjoying public trust.
Our services in this regard will be to help you prove the existence of your company and its legal representatives. You will are to produce an official certificate on the existence and its directors. If this document is not also in German, then it will have to be translated by a certified translator. We will gladly organize a certified interpreter for you here in Germany.
Final and last consideration is the Transparency Register. If the ultimate beneficial owner is not yet otherwise registered in Germany, the ultimate beneficial owner must be entered into the Transparency Register. When your company hires us, we will take care of this in due time. Registration in the Transparency has nothing to do with bringing your German subsidiary into existence. Understand as the last beneficial owner, the final natural persons holding the shares of a company holding the shares of another company. When applying for a bank account, the bank will also want to understand who the ultimate beneficial owner is.