Germany’s Industrial TechHub plus a vibrant Startup Ecosystem. Excellent quality of life, the industrial tech hub Germany‘s plus a fully loaded start-up ecosystem – the Bavarian Capital Munich has it all! Bavaria’s capital city Munich is one of Europe’s top science and technology hubs, boasting an active start-up community, industry-led cooperation, significant flows of venture capital, and multiple start-up accelerators.
Numerous global players and leading German technology companies have headquarters based in Munich, making it easier than ever for start-ups to partner and do business with a variety of technological industries. As a global industrial player, Munich Hub connects start-ups with multinationals like Microsoft, Google, and Intel, as well as 30% of DAX companies such as BMW, Siemens, Allianz, and Adidas.
Public and private investments in the knowledge-based entrepreneurship sector amount to € 375 million for R&D from private funds and € 77.3 million for cutting-edge research from public funds. This results in 15,000 patents a year and helps jumpstart around 580,000 small- and middle-sized enterprises.
On top of that, Munich is a “Top-5 Life Quality” city globally and Germany’s most livable city according to the Mercer Research 2016. The Munich metropolitan area is home to 5.8 million people and has the strongest economy of any German city. By following this link, you will find a few articles giving you a taste of what the Munich Ecosystem is all about.
In addition, you will find the Startup Ecosystem Canvas to be a handy tool for getting an image summarising all its players in one picture.
Finally, this article gives another good impression of the Munich Tech Map. You will find an overview of all the players in the startup ecosystem of Munich by following this link.
Registration
When moving to Munich to take up permanent residence (staying for more than three months), you must register your address within two weeks of your arrival.
For more information, contact details and opening hours click here.
Starting a Business in Munich – General formalities & important considerations
Here, we show you step-by-step what to do when starting self-employment. For more info, contact the Munich Business Startup Office (MEB)
Taxes
For an overview of the German Tax System click here. For an explanation of the jurisdiction of the Munich tax offices click here (note: momentarily this page is only available in German).
Subsidies
For an overview of public subsidies and support, please click here. Startups can look to meet their financial needs in some other ways. For an overview of investors, business angels, venture capital, and crowdfinance, please follow this link.
Munich has two internationally ranked universities:
Tech Talent
The following organisations are able to help you in finding tech talent in Munich:
Business Registration
Click here for a step-by-step guide of what to do when starting self-employment.
Corporate Services – Point of Single Contact PSC
Contact the Point of Single Contact (PSC) for answers to your entrepreneurial questions, advice on approvals and formalities, guidance through the local administration and coordination of paperwork.
Munich Business Startup Office | MEB
The Munich Business Startup Office (MEB) is a joint initiative of the Chamber of Commerce and Industry for Munich and Upper Bavaria and the City of Munich, is a first contact point for all those who plan to set up their own business as the main source of income or sideline enterprise.
Accounting
On this page, you can access useful information on accounting standards in Germany.
Bank account
Click here for more information about opening a bank account. List of the most popular German banks.
Business Location
Click here to find a list of recommended workspaces in Munich.
Legal
Find a lawyer via the Munich Bar Association search tool. Find a tax advisor via the Munich Chamber of Tax Consultants search tool.
