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ARTICLE · 04 MAY 2016

5 German Law Changes That SMEs And Start Ups Should Know About

Operating or thinking about expanding your business to Germany in the near future? Here are some recent German law changes that may affect you.

GermanyCorporate/Commercial Law

Operating or thinking about expanding your business to Germany in the near future? Here are some recent German law changes that may affect you.

Understanding the German legal and regulatory environment – and how it may change in the future – is just one step to putting your new German business on the path to success. Following are some recent German law changes that may affect you.

1. Lighter administrative and accounting burden for SMEs and start ups

Under the so-called Bürokratieentlastungsgesetz (BüroKrEntlG) Act, a company is now qualified as a SME (Small-Medium-sized Entity) if its annual profit does not exceed €60,000 (previously, €50,000) and if annual turnover amounts to less than €600,000 (previously, €500,000).

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