Move Your Possessions to Germany - Get Info at InvestGermany.com

Find out how to move your private and business possessions to Germany and don't get tied up in red tape and inconveniences. The team of finance experts at InvestGermany.com has collected all the relevant details to help you bring your assets into the country with ease. Learn about transferring merchandise and funds and handle all your affairs while saving time and cash.

Commercial Goods and Merchandise

Germany offers all the needed transportation options to bring your goods into the country or take them out of it. Any type of goods can generally speaking pass within the European Union free of charge, but keep in mind that there are specific taxes for importing goods from countries outside the EU. There are no customs on investment goods, under the precondition that the business activities all take place within Germany.

Transfering Capital

There is no restriction on capital transfer into Germany, but sums or valuable over 12,500 Euros need to be reported. This is done for procedural and tracking purposes only and appropriate forms must be filled and given to the German Central Bank.

Capital exchanged for exported imported goods or loans of less than twelve months are free from reporting.

There are several further variances that determine reporting obligations for cash transfer such as place of residence of the sender or receiver of the sum. People or companies that legally reside in Germany need to report and payments (received or paid) from abroad over 12,500 Euros. However, investors who are registered as residing overseas do not need to declare capital transfers to German accounts.

Overseas deposit accounts and securities must also be reported by private people and company residing in Germany. This is only taken for statistics and as precaution measures, but do not think lightly of it as it will put the legality of your stay at risk.

Liabilities or receivables from private people or enterprises that accede 5 million Euros must also be reported.

Bank Accounts

Most of the larger international banks have branches in Germany. In order to open a bank account you need to present a passport and a form from the local public office stating that Germany is currently your place of residence. Company bank accounts vary depending o the nature and legal status of the company. Opening an account is generally speaking very simple and you can also keep foreign currency accounts with no difficulties.