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Buying a store in Germany is a great opportunity for a long-term investment. Firstly, Germany represents one of Europe’s largest economies with high levels of consumption and a stable political environment, making the country an attractive market for commercial property. Secondly, shops in Germany can offer a wide range of opportunities in a variety of sectors, from retail to services and entertainment.
Before buying a shop in Germany, whether it is a ready-made business or a new project, there are a number of legal nuances to consider:

  • Legal execution of the transaction. It is necessary to thoroughly review all documents related to the purchase of the shop, including the sales contract, technical documentation on the property and other legal documents.
  • Legal cleanliness check. It is important to make sure that the property on which the shop is located is free of any legal problems, such as encumbrances or third party rights.
  • Tax obligations. Before buying a shop, you should consider all tax aspects of the transaction, including property tax, value-added tax (VAT), income tax and other taxes that may apply in your particular situation.
  • Permits and licences. Make sure the shop has all the necessary permits and licences to operate.
  • Labour relations. If the purchase includes staff, you need to consider labour relations and employee rights.
  • Contracts with suppliers and customers. When buying a ready-made business, make sure that all contracts with suppliers and customers are correct and that you understand the terms of existing transactions.
  • Financial Statemet Analysis. Buying a ready-made business also involves analysing the financials of the business, such as the balance sheet, profit and loss statement, to assess its financial strength and potential for growth.

The process of finding and buying a shop in Germany

Co-operation with a real estate agency when buying a shop in Germany can greatly simplify the process and make it more efficient. The advantages of such cooperation are obvious: the agency has expert knowledge of the property market in Germany and can help you find the most suitable options. In addition, the agency can provide you with all the necessary information about the legal and financial aspects of the transaction, as well as help with the paperwork.
As to whether you should buy a ready-made business or start from scratch, it depends on the buyer’s goals and capabilities. Buying a ready-made business can provide a quicker start and guaranteed income, but it can also be more costly. Starting from scratch will allow you to realise your ideas fully, but will require more time and effort to achieve the desired results.

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