Germany is one of the strongest economies in all of Europe. With 82.4 million inhabitants and a Gross Domestic Product of approximately 3.7 trillion dollars, it is the most relevant market in the European Union and therefore plays an important role on the international stage. Germany is particularly appreciated for its stability and transparency in the legal and political sphere. Thus, one of its main foundations is legal certainty, which serves as a model for many other countries. It is not difficult to identify Business opportunities in Germany.
Due to its central location in Europe and a highly developed infrastructure, the country is a very attractive investment destination. It is important to consider the high consumption rates of the German population. The country has an economically active population of 40 million inhabitants. In addition, it has a well-regulated market and offers several opportunities for small and medium investors. Likewise, it is possible to find skilled workers for almost any type of work.
In 2016, Berlin, Hamburg, Hanover, Rhine / Ruhr, Munich and Stuttgart were identified as the seis strongholds de startups in Germany. In 2017, more than half of startups Germans still come from one of these cities or regions. Berlin accounts for the largest share, with 16.8% of startups; however, in contrast to the previous year (17%), there was a slight decline.
The most important area of activity for startups remains the digital economy. According to the DSM, half of startups can be found in the areas of IT / software development, "software as a service", technology / production / industrial hardware, e-commerce or online market.
Major cities most suitable for startups
Frankfurt is currently considered as the 40th city to create a startup according to Valuer.ai, containing a large number of corporate headquarters in the financial sector. Although the startups find it difficult to obtain financing in this city due to the small number of existing investors, here entrepreneurs find excellent conditions, considered a friendly place for foreigners and you will also find several prestigious universities, such as the University of Mainz.
Another German city also included in this ranking is Cologne, occupying the 27th place. This city has an advantage in comparison to Berlin as it is not as stressful and overpopulated as the capital. Cologne has a history of large investments in medium and technology and this strives to attract global investments, creating a vast networking between entrepreneurs.
Munich ranks 16th on this list, reinforcing the idea that there are several Business opportunities in Germany. Here, entrepreneurs have access to resources at every stage of your business through accelerators, training, labs, pitching events, demonstrations provided by the city. The launch of the munich-startup.de online platform brings together all the activities of the community startup Munich in a single virtual space, making it very simple to obtain information about this environment. In addition, increasing urbanization is changing people's lives and confronting cities with a series of major challenges, such as networks, mobility, renewable energy, the supply of energy in general and the design of public spaces. As a result, networks of investors, business angels, venture capitalists and infrastructure are growing.
Finally, at the top of this list is the German capital, Berlin. Considers the best city in the world to startups, this offers exclusive competitive advantages, such as diversity and inclusion. In this city, living costs are affordable and the environment is ideal for people with an entrepreneurial spirit, being quite easy to get support from investors, government funds or meet other successful entrepreneurs. Long-term loans are at a reasonable fixed interest rate and there are repayment suspensions for the first 1-2 years. There is no need for a local passport or a fancy diploma - Berlin receives talent from everywhere.
Likewise, there are two German cities on a list where they determine the thirty cities and hubs startups most exciting in Europe, developed by siliconrepublic. Berlin, being one of the main cities for startups with its vibrant environment and Munich, being an epicenter of culture and entrepreneurship. Which reinforces the idea that there are several Business opportunities in Germany.
Finally, it is recommended to read about the opening a new company in Germany in order to better understand the entire process required.