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Being successful in Bavaria – Six tips for founding a company
Are you considering setting up your company in Bavaria, but unsure what the conditions and legal requirements are? Below you will find some helpful tips to make your move to Bavaria go without a hitch.
1. Secure support
We offer free support so that you can exploit all the opportunities open to you and make your move to Bavaria as efficient as possible. Invest in Bavaria assists you in finding all the important information needed for your project and prepares it especially for your specific sector and individual needs – from administrative basics to selecting the right site and establishing local contacts. You can also rely on a wide variety of experts, business incubators and clusters in Bavaria, which provide on-site support for your company founding and location search – for example WERK1 in Munich or the Cluster Initiative Bavaria. No matter what your sector, we will put you in touch with the contacts you need.
2. Create a business plan
The basis for all your activities in Bavaria is a solid business plan – essentially a brief profile of your proposed business venture. A sound business plan also paves the way to a variety of funding programmes and opens doors to key industry contacts. BayStartUP, for example, provides particularly valuable support for start-ups, while taking part in one of the many business plan competitions is a litmus test for many entrepreneurs and their ideas.
3. Find investors
If you still require third-party financing for your project, you'll find ideal conditions for searching for investors in Bavaria. Be it the aforementioned business plan competitions, business incubators or support from BayStartUP or Bayern Kapital, Bavaria offers a close-knit network of support and funding options. Also contributing to the lively start-up scene are the many business angels, who support young businesses both financially and with expert knowledge
4. Take care of formalities
Select the right legal form, open a bank account, enter your company in the commercial register and compile all the necessary documents – there are plenty of formalities to tick off before can start doing business. But you are not on your own. Upon request, we will gladly prepare checklists of all required documents and put together a list of solicitors who can assist you in your project.
5. Find business and commercial premises
The right location is crucial for your company's success. The Site Information System Bavaria (SISBY) can help you find the right site straight away. One of Europe's most innovative instruments for location research, it provides an overview of available commercial sites tailored to your search criteria in just a few clicks. Here you will find not only suitable commercial real estate, but also an overview of technology centres and business incubators in Bavaria that can assist you during the initial phases of your company's activities. We will also be more than happy to support you in finding suitable business premises. Just get in touch!
6. Start doing business
Once you have ticked off all the steps above, there should be nothing standing in the way of launching your business activities in Bavaria. In fact, you can even start doing business in Bavaria during the settlement or start-up phase.
You can find more information on successfully settling in Bavaria and useful information on regional customs in our Investors' Travel Guide.
We are also available personally should you have any further questions. Just call us or send us an email.
- by Svetlana Huber
- Investor Services Life Sciences | Materials
- View author's other articles