Expat living in Germany trying to open a company abroad

Last activity 04 April 2021 by karantinmk19

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karantinmk19New member04 April 2021 13:48:59

Hi,

I am an expat living in Germany under blue card visa and working as a full-time employee.

I am planning to open a company abroad in my home country (non-EU) but I am concerned if this is possible. I have a few questions:

- Will this affect my blue card visa ?
- Do I need to pay/report taxes if I am not an employee but only a "Founder" (no salary paid to me, no dividends).
- Do I need to inform my employer?

Thank you.

beppiGermany - Singapore Expert04 April 2021 16:07:29

15302

There are, as far as I know, no German rules against this.
But you need to report any imcome from the business in your German tax declaration and, unless a bilateral tax treaty with your country specifies otherwise, pay German income tax on it (in addition to any tax due in your country).

beppiGermany - Singapore Expert04 April 2021 16:09:57

15302

But please check with your employer if they permit this (and get their reply in writing!): Full time employers are entitled to your full work effort and thus do not have to tolerate any side job (and many will say No)!

karantinmk19New member04 April 2021 20:07:55

This was really helpful. Thank you very much.

I will inform my employer and about taxes my question was in the case i have no income (not employed there, no dividends paid)

Thanks again

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