“Oktoberfest, Nürburgring and the Christmas Fairs”; a few words that can be related to Germany. The biggest economy in the European Union with a gross domestic product of around 22% and the fourth biggest economy in the world.
Doing business in Germany
Setting up your own business in Germany is an expensive exercise. Besides the fact that it is expensive, you need to hire local advisors to show you the way around. Therefore ThisWorks GmbH offers solutions which avoid all these expensive and time consuming matters.
We are in the possession of a labor lease license (also called AÜG license), which allows us to lend out employees in Germany in a flexible manner. Lending means that we hire staff and place them at our customer site for a limited time. This could be, for example, for a certain project phase where an expert is required for a particular problem. In addition to labor leasing, we also offer Payroll and HR services to our customers.
Good to know
- Personal income tax rates vary from 14% to 45%. The income tax is calculated in accordance with progressive rates. The tax rate is determined by the employee’s tax class (this contains: married status, having multiple sources of income, etc.) and the amount of the gross monthly salary.
- Compensation for overtime is not mandatory. Hours worked outside of normal working hours are considered overtime. Employees may work a maximum of 2 hours of overtime per day, and 12 hours per week.
We are ready to support you on your expansion!
Do you have questions? Please contact Nancy.
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