Germany is the “engine” of the European economy which makes it one of the most appealing investment destinations on the continent. Paired with the easy procedure of registering a German company, the country becomes even more attractive. However, there are many other reasons why this impressive economy is worth considering for starting a business and among these, the fact that it is one of the world’s top exporters. This makes Germany attractive at a worldwide level, not only at a local one.
Let’s see below what are the other advantages that make Germany an appealing investment destination.
High productivity at a top quality
Many businesspersons seeking a country to open a business in seek for states in which they can produce large quantities of product which also deliver a good quality. From these two points of view, one needs to look no more as Germany is pretty much the only European country to offer both a high level of productivity (the largest at EU level) and a top-quality for the manufactured products.
Compared to smaller European countries and here we can mention Montenegro which has also become quite appealing because of the modern legislation and low corporate taxes, Germany remains more appealing. As a matter of fact, Montenegro has learned a lot from Germany, especially when it comes to the business forms which can be used to start a business and thus the Montenegro limited liability company has become quite competitive at an European level.
Germany’s excellent workforce
The labor force is one of the key attributes of Germany when it comes starting a business. With 81% of the people in the work field trained at university level (well above the average 67% of the OCED), Germany offers both qualified and affordable workforce which determines many investors to set up companies here.
Germany is no.1 in innovation at European level
Young investors interested in innovation are currently trending in the European business environment and the German authorities fully understand that. This is why the authorities have transformed the country in the no. 1 European location for research and development annually supported by billions of euros from federal funding.
There are many reasons which make Germany a great investment destination and each businessman will find here the tools needed to operate competitive companies. From industries which respond to every need to governmental assistance, Germany has become a pole of attraction for foreign entrepreneurs.