TRANSFER OF COMPANY ASSETS
THE BANK ACCOUNT
To open an account in a German private bank is usually required to have a valid passport and a written confirmation that Germany is your place of residence at the local public office (Bürgeramt). For a company bank account, the requirements depend from the company’s legal form. In addition to a valid passport is generally required an extract from the Commercial Register and articles of association of the company.
Capital can be moved in and out of Germany without any restrictions. However, amounts exceeding 12,500 EUR, or equivalent payments with valuables, should be reported to the German Central Bank (Bundesbank). These reports are only for statistical purposes. Forms are available at the Bundesbank.
Obligations for foreign money transfers depend on the place of residence and the recipient addresses, while nationality is irrelevant. A person or company with place of residence or work in Germany must report incoming payments from abroad and output for all transactions over 12,500 Euros.
Alternatively, an investor resident abroad must not make no capital transfer to an account in Germany (although the investor is the account holder).
The receivables or payables to companies, banks or individuals abroad must be reported to the Bundesbank if they amount to more than 5 million Euros.
For a bank account and deposits of more than € 15,000 in cash, the banks are required to verify the identity of the depositor in order to prevent money laundering.
PRODUCTS AND EQUIPMENT OF A COMPANY
The goods and the machinery can circulate freely within the European Union. The custom duties, import turnover tax (Einfuhrumsatzsteuer), and, in some cases, special consumption taxes are payable by non-EU countries.
Customs payable can be determined in line with the TARIC system (Integrated tariff of the community).