Are you considering setting up your company in Bavaria but are unsure about the framework and legal steps? Below you'll find some tips to help you set up your branch quickly and smoothly.
1. Get support on board
To make full use of all your options and make your settlement in Bavaria as efficient as possible, you can secure free support. Invest in Bavaria helps you find all the important information for your project and prepares it industry-specifically and according to your individual requirements – be it administrative basics, choosing the right location, or establishing local contacts. In addition, you can rely on a variety of experts, incubators, and clusters in Bavaria that will support you in setting up and establishing a business locally – including, for example, the WERK1 in Munich or the Cluster Offensive Bavaria.
2. Create a business plan
The foundation of all your projects in the Free State of Bavaria is a solid business plan, which essentially provides a brief profile of your planned business venture. A well-founded business plan also paves the way for various funding programs or opens doors to important industry contacts. For startups, for example, BayStartUP Special support – participation in one of the numerous business plan competitions is a real test for many founders and their ideas.
3. Find investors
If you still need external support for financing, the Free State offers ideal conditions for finding investors. Be it through business plan competitions, incubators, or support from BayStartUP or BayernKapital – in Bavaria, you'll find a dense network of support and funding opportunities. The numerous business angels also contribute to a vibrant startup scene, supporting young founders not only financially but also with expert knowledge.
4. Check off formalities
Choosing a legal form, opening a bank account, registering with the commercial register, and gathering all the necessary documents – there are a number of formalities to complete before starting your business. But you're not left to your own devices here either. Upon request, invest in bavaria can compile checklists of all the necessary documents and a selection of suitable lawyers for your project.
