TMF Group, in association with ACCA, looks at the big
issues for businesses planning to set up or expand in Germany and
the tax and accounting regulations to consider.
In economic terms, Germany is on a high. In 2017 economic growth
in Germany reached 2.2%, the highest level for six years.
Unemployment is down to 3.6%, the lowest level since unification in
1990.
It is no wonder that companies across Europe and the world see
Germany as an attractive destination. It is the fourth largest
economy in the world in terms of nominal GDP, contributing a fifth
of the European Union's GDP, and is particularly strong in
manufacturing and engineering, pharmaceuticals and energy.
"It's difficult to estimate how many overseas companies
decide to use Germany as a primary starting platform over another
European company but there are lots of arguments supporting the
decision to choose Germany," says Manfred Woegler
of
TMF Germany's office in Munich. "Germany is the
largest
