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Germany
Why Germany?
Situated in central Europe, Germany is a member state in the European Union, and is bordered by nine countries: namely Denmark, Netherlands, Belgium, Luxembourg, France, Switzerland, Austria, Czech Republic and Poland. Germany is the seventh largest country in Europe. With a gross domestic product (GDP) of 3.73 trillion USD, the German economy is the fifth largest economy in the world and Europe’s largest economy. The country is a leading exporter of products such as; machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. The countries impressive economy, consumer market, and workforce combined with its strategic position in the European Union (EU) make it a smart choice for companies looking to expand their business in Europe and across the globe. Germany is one of the world’s largest car producers in the world.
Advantages
Germany’s stable political and economic climate for expansion is most favorable for investors. Its strong legal protections enable foreign investors to quickly enforce their rights and protect their industrial and intellectual property. Following are the advantages to establish a business entity in Germany:
A strategic location
As a more favorable business location, Germany offers the benefits of significant spending power, an innovative climate, dense transport network in the center of Europe and highly skilled workers. The country’s infrastructure makes it easy for foreign investors to set up their own business.
Prosperous economy
Germany economy is stable, thriving and globally famous for manufacturing world famous vehicles like: Volkswagen, BMW, and Daimler, etc. Germany has a mixed economy, and also known as a social market economy which means, a free market economy that operates within a framework of government oversight and social welfare programs.
Large consumer market
Both in terms of the number of people and purchasing power, Germany is the largest consumer market in Europe. Expansion of business in Germany can give a direct access to massive consumer base, helping to grow