Young Professionals
Have you just moved to Germany for work or have you already been working here for some time? You probably know that the German social security system is very complex. Unfortunately, most expats do not get enough information from their employers about social and private insurances. A large part of your gross income goes to the Deutsche Rentenversicherung (DRV), which is the compulsory public retirement system, or to the Versorgungswerk, a similar system for certain professions like doctors, lawyers, dentists, and architects. How do the DRV and Versorgungswerk work, and are their benefits enough? What other ways can you use to save for your pension later? The good news is that the government supports residents with extra private retirement plans. These plans help you lower your taxable income, which means you can get back several thousand euros in tax returns over the years. With our many years of experience in advising expats, we can help you invest your money in good opportunities.
The second biggest cost from your gross salary is health insurance. Did you know that as an employee, you can choose between public and private health insurance if you earn a certain amount each year before taxes? Choosing between these two systems is an important decision for any expat living in Germany. We know both systems well and can help you make the right choice. Why miss the chance to get better health care or save money with a different provider?
Many employers offer a benefit called tax-free compensation. This means they give their employees extra money every month that is free of taxes. You can save this money in different financial options. We can help you choose the best option for your personal situation. We are here to answer any questions you have. Don’t miss the great opportunities available to you!
Freelancers & Self-Employed
Did you come to Germany to achieve your own dreams? Do you know what you need to consider when doing this? Even Germans find the many rules and paperwork difficult. This is where we can help. As experts in this area, we offer the support you need to reach your dream smoothly and successfully.
You now have the freedom to choose how to manage your social security without the obligation to pay into the public systems. This includes health, unemployment, and nursing care insurance, among others. Between public and private systems, which is the best choice for your current situation? How do you plan your goals so you have a decent retirement in the future? How do you create a steady passive income over time? We are self-employed expats ourselves and can show you how to do this. Creating a short-, medium-, and long-term plan for the best and worst case for your business is very important for your peace of mind and success.
Entrepreneurs
Starting your own company in a new country is definitely difficult. It brings many challenges, beginning with managing your own and your employees’ finances.
We are here to help you focus on what matters most for an expat entrepreneur in Germany. We support you with the essential needs as well as useful extras. We can help you find personal finance solutions and include them in your business plan.
What responsibilities do you have as an employer? What benefits can you offer your employees? How do these benefits affect your taxes?
Are there different types of insurance for employers or companies? Which ones are useful, and which ones should you avoid?
What is the difference between the help you get from a financial advisor and from a tax (fiscal) advisor?
Let us show you. We promise to bring the best benefits for both you and your company!
Students
Are you planning to move to Germany or have you just moved here to study? Then, as you know, there are some important new things to think about first. For example, student health insurance is required by law. As a student, you can choose freely between private and public health insurance, and there are over 100 public health providers. If you live in a student dorm or a private apartment, it is important to have liability insurance (this sometimes is required by your rental contract). Let us help you with the basic first financial steps as a student in Germany or with big changes from student life to your working career.
Families
Have you already started a family in your home country and want to bring them to Germany? Or do you want to start a family here in Germany?
What are the legal rules related to this? Are there any tax benefits from the government? How does the German government support your family? What important things should you consider about social security, investments, real estate, and more?
How can I create a complete financial plan to take care of my loved ones? For example, to pay for my children’s education or family vacations.
We, as expats ourselves, have many years of experience dealing with these complex topics for expat families in Germany. Because of this, we can give you a personal plan made just for your needs and interests.
