Digitalization in German Corporate Law
In the last years there has been a lot of discussions about the digitalization of any kind of public registers. Now something is changing. Read our article and get to know more about digitalization and corporate law.
Since 1 August 2022, it has been possible to register a business online in the commercial register. GmbH formations and the formation of UGs (limited liability companies) are also possible in the notarial online procedure.
The prerequisite is a two-stage identification procedure with an app from the Federal Chamber of Notaries.
So it has really happened: since 1 August 2022, retrieval of data from the commercial register as well as the register of associations, partnerships and cooperatives has been possible without retrieval fees. However, a retrieval fee will be charged for companies entered in the commercial register.
Are we moving forward to a digitalized business world? In this case all you need to have at your side is a digitalization akin legal team! So what are you waiting for? Contact us. We are international. We are modern. We understand your world.