Europe has a vast territory and a large population. The penetration rate of the Internet and e-commerce is very high, accounting for 40% of the world’s top ten economies, including Germany, France, Italy and the United Kingdom. The gross domestic product (GDP) of the entire Europe accounts for one-sixth of the world’s total, and more than 7 countries rank in the top 10 in terms of per capita GDP (GDP TOP 10) in the world.
The Internet population ratio in Europe is as high as 91%, ranking first in the world. Among them, more than 500 million Europeans shop online, which exceeds the total population of the United States and Japan! At present, the scale of the European e-commerce market is second only to the United States, and it is the second largest traffic country for Amazon. It is predicted that by 2025, the scale of the European e-commerce market will exceed that of the United States.
Sellers will certainly not miss such a huge traffic on the European site. They not only open European site stores, but also choose to set up companies in Europe for localized operations.
Amazon’s European site sites include: Britain, Germany, France, Italy, Spain, the Netherlands, Sweden, Poland and other eight countries. Germany
As one of the European economies and world economic powers, Germany is also the most populous country in the European Union. Germany is also China’s largest partner in the European Union, according to relevant regulations. In 2020, the total trade volume between China and Germany reached 212.7 billion euros.
Germany is a federal country with a tax-sharing system. The administrative management is composed of the federal government, states or local governments (cities and towns). The taxes paid by taxpayers are not uniformly allocated to the federal treasury, but are divided into shared taxes and special taxes. Shared taxes are divided among governments at all levels according to certain rules and proportions; special taxes are allocated to the federal government, states and local governments (cities and towns) as special income.
Domestic investors generally choose to register CmbH companies (similar to domestic private limited liability companies). CmbH is the abbreviation of Gesellschaft mit beschrankter Haftung, which means limited liability company. The shareholder can be one person. This is the type of company most chosen by domestic investors. Shareholders only need to be liable for the company’s debts within the limit of their capital contribution, but there is a minimum registered capital requirement of 25,000 euros.
Germany is a federal country. Most tax laws are formulated by the federal government, and the power to formulate tax legislation is relatively concentrated. Germany’s administrative management is composed of the federal government, states and local governments (cities and towns). It implements a tax-sharing system and distributes taxes among the federal government, states and local governments (cities and towns) in a prescribed proportion.