The fastest way to start a UG or GmbH in Germany

Focus on growing your business right from the start.

  • Get your business up and running in as quick as 7 days
  • Form your company with help and advice from professionals
  • Receive ongoing support from dedicated experts

TAILOR-MADE SUPPORT

Your company foundation. With packages that are made for you.

First-hand advice

Receive advice on how to form your company from a lawyer, notary and tax advisor. Take advantage of everything being coordinated by your personal dedicated Penta agent.

Sample documents and checklists

Get support by a lawyer for choosing the suitable legal form of your company. Get contract templates for employees (full time, part-time, freelancer), managing directors as well as advice on drafting your website terms and conditions, and more!

Legal advice by phone

80% of questions can be solved with just one phone call. With the packages you get the possibility to speak to a lawyer and have 3 calls or 5 calls for advice on your needs.

Save time and money

Save time registering and opening your company. Save time and money with lawyers as well! An initial consultation with a lawyer costs up to 250€ according to the German Lawyers’ Fees Act (RVG). With our service you save yourself expensive and complex processes.

Incorporation Process – Explained

Choose your package

Penta Kompass offers two packages to help you open your company: Express and Advisory. The main difference being that with Advisory you will get additional legal support.

Receive all relevant documents and advisory support

Once you sign up, the process can begin. We will send you the legal package that’s supplied by our partner JurPartner, that includes employment contracts, FAQ about forming a company, tax and accounting information as well as other contracts.

Go to the notary

We introduce you to a notary in your city. This allows you to certify your foundation and the partnership agreement with the list of shareholders. As soon as you have a sealed copy of the documents from your notary, you can open your business account and pay in the share capital.

Open your bank account and deposit your share capital

Once you finish with your notary, we will guide you through the process of opening a bank account. One day after depositing your share capital in your business bank account, you can download your bank statement, send it to the notary and complete your incorporation process directly. There are additional steps here that you will receive from the Handelsregister*.

Register with the Tax Office and Build your Business

After this, we will then introduce you to a tax advisor to register you with the tax office so that you can get your VAT number, as well as other important steps that your tax advisor will help you setup, including best practices for accounting and bookkeeping.

Tailored solutions for your formation

Express

€239
(one time fee, plus VAT)
Penta Banking
  • Guidance on opening your UG or GmbH
  • 3 calls with lawyers, including legal support and advice
  • Full set of legal documents, including foundation documents, various contracts, Q&A and more
  • Guidance, help and introductions to notaries and tax advisors
  • 1 month Penta Advanced inclusive
  • Stripe & AWS Credits (worth €5,000)
Value of all services and templates: Over €800

Advisory

€349
(one time fee, plus VAT)
PENTA BANKING
  • Everything included in the Express
  • Premium telephone support from Penta
  • 2 additional calls (5 in total) with a lawyer, including legal support and advice
  • 3 months Penta Advanced inclusive
  • Support throughout the entire process
  • 50% discount on 12 months with lexoffice
Value of all services and templates: Over €1.500

*Please note that Penta Fintech GmbH or it’s associated companies do not provide legal advice in any matters. Penta Fintech GmbH works together with Jurpartner. Jurpartner provides you with a digital platform that allows you to seek legal advice from a lawyer specialized in the relevant field. A contract for legal advice (mandate) is only concluded between the respective lawyer and you. Penta Fintech GmbH will only help in guiding you through the process and not advising you on any legal or financial matters. Full Pricing Details

FAQ

A business bank account is a bank account specifically dedicated to companies. It is comparable to a bank account for private individuals, but usually offers more extensive functions. Nevertheless, the basis for both is to make and receive payments.

A Penta business account includes for example services tailored to companies such as account software integrations, multiple Business Visa Cards and free monthly transactions. Penta supports your company on the road to success.

We currently offer two options: The “Advanced” plan for €9 per month and the “Premium” plan for €19 per month (both excl. VAT). In our pricing list, you will find a detailed overview of the included services for each account plan.

Every company registered in Germany. Currently, our corporate account is available for many legal forms such as UG, GmbH, AG, GbR, OHG, PartG, KG, e.K., eG, and Einzelunternehmer (sole proprietor). Besides, companies with the legal form GmbH and UG in foundation can benefit from our offer.

No. Only companies which are registered in the commercial registry are obliged to keep a business bank account. However, even with your company not having an entry in the commercial register, a separate business account is highly recommended for every legal form. This way, private and commercial payments can be kept apart and you can maintain a better overview of your company’s finances.

We place high importance on fast and convenient solutions. Therefore, the opening of a business bank account with Penta only takes you around 15 minutes. Afterwards, we verify your information and within just a few days, you can profit from your business bank account.