Annual admin costs very much depend on how complex the business is, no?
The primary recurring obligation for a UG is the mandatory retention of 25% of annual net profits until the share capital reaches €25k, enabling tax-neutral conversion to a GmbH.
What I could think of for UG with idea on converting to GmbH, you could have:
- UG setup cost (fairly low compared to GmbH)
- UG/GmbH accounting & tax compliance
- Commercial register updates
- Notary fees for structural changes, and eventually the conversion process
Annual admin costs very much depend on how complex the business is, no? The primary recurring obligation for a UG is the mandatory retention of 25% of annual net profits until the share capital reaches €25k, enabling tax-neutral conversion to a GmbH.
What I could think of for UG with idea on converting to GmbH, you could have:
- UG setup cost (fairly low compared to GmbH)
- UG/GmbH accounting & tax compliance
- Commercial register updates
- Notary fees for structural changes, and eventually the conversion process