Today Payhawk, the growing platform that combines expense, payment and invoice management in one solution, and nhs* group, a global tax and accounting firm headquartered in Duesseldorf, announced the launch of Scaling Up, a guide to opening an entity in Germany.

This follows Payhawk’s successful launch of Scaling into the UK, a corresponding guide for launching in the UK, written in partnership with law firm Mishcon de Reya.

A key player in the European Union, Germany represents an attractive opportunity for companies looking to open or expand. Yet opening an entity is not easy -- there is a large amount of paperwork, and opening a business bank account is challenging and requires many official translations. As a result, it is vital to have a trusted partner who can manage location-specific tasks.

Scaling Up is written by experts from Payhawk and the nhs* group. It is aimed at startups, scaleups, FGBs and growing SMEs, and includes guidance on the benefits of launching in Germany, how to register, details on German corporate taxes, employment advice and how to choose the right finance stack.

The nhs* group helps companies to register in Germany, and also offers accounting, payroll, tax, audit and business consulting services. Payhawk currently has offices in four cities across Europe. Therefore, its team has the knowledge and experience of setting up in Germany that will be invaluable to numerous growing companies. 

Hristo Borisov, CEO and Founder of Payhawk, says, “Numerous fellow scale-up CEOs have asked me about how they can open an entity in a new country. Therefore I am delighted to partner with nhs* group; a team of expert consultants specialising in company registration, accounting, payroll, tax, audit and business consulting services in Germany, who supported Payhawk -- as well as many other companies -- to establish business in Germany. We agreed that no easily accessible guide in English existed, therefore we decided to write one. Scaling Up includes a checklist that ensures companies do not miss an important step of their journey when launching in Germany.”

Mathias Niehaus, Certified Public Auditor, Certified Tax Consultant and Partner at nhs* group, says, “Payhawk represents the exact kind of scale up we want to support - one that can help us to reach out to more exciting scale ups who we can help along on their journey. Payhawk’s financial management experience is invaluable to the creation of such a guide, and our deep knowledge of German business requirements represents the perfect partnership.”

Scaling Up is available via the Payhawk website, with versions available in English, Spanish and German. Further blogs and webinars on the topics covered are soon to be released