Young Professionals
Have you just moved for work to Germany or have already been working in Germany for some time? Certainly you know how complexthe German social security system is. Unfortunately, most expats do not receive enough information from their employers regarding social and private insurances. A considerable amount of your gross income goes into the Deutsche Rentenversicherung (DRV), the compulsory public retirement system or Versorgungswerk for chamber professions (doctors, lawyers, dentists, architects etc.). How do the DRV and Versorgungswerk work and are their provided benefits enough? What other ways are there for stocking up your pension for later on? The good news is that the federal government helps residents through additional private retirement schemes. These plans offer you the big advantage of reducing your taxable income, generating several thousands of euros in tax return over the years. With our years of expertise in expats consultancy, we can help you with investing your money into great opportunities.
The second major expense 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 yearly gross income? The choice for either one of the two systems is an essential step for any expat who wants to live in Germany. We are specialized in both systems and can help you with this. Why missing out on the opportunity to receive better health treatments or save money with another provider?
Many employers offer the so-called tax free compensation, which is a voluntary monthly contribution for their employed personnel (yes, tax free money from the employer!) and can be saved in different financial vehicles. Also we can help you with the ideal choice depending on your unique and personal situation. We are the partners to answer any inqueries you may have. Do not miss out on the huge possibilities you have!
Freelancers & Self-Employed
Did you come to Germany in order to achive your own deams? Do you know what one would need to take into account when doing this? Germans themselves struggle with all the red tape. This is where we come in. As experts in the area, we can provide the assistance necessary in order for you to achieve this dream smoothly and successfully.
You now have the freedom to choose how to take care of your social security without the obligation to contribute to the Public Schemes. That is Health, Unemployment and Nursing care insurance, among others. Between the public and private systems, what is the best choice for your current situation? How do you sustainably plan your goals for a decent retirement in the future? How do you build up a solid passive income in the mid-term? We are self-employed expats ourselves and can show you how it is done. Establishing a short, medium, long-term strategy for the best and worst case of your business should be of paramount interest for you, for peace of mind and success.
Entrepreneurs
Setting up your own company in a new country is definitely challenging. It comes with a number of challenges, starting with your own and your employees’ finances.
We are at your disposal to help you focus on what is important for an expat entrepreneur in Germany. Beginning with must-haves right up to valuable adds-on. We can support you in finding the personal finance solutions and integrate them into your corporate concept.
What kind of duties exist for an employer? What benefits can I offer my employees? How do they influence my taxation?
Are there different insurances for employers or companies? Which one makes the most sense and which one should be avoided?
How does the support vary from a financial advisor and a fiscal advisor?
Let us show you. We promise you the maximum benefits for both you and your company!
Students
Are you planning to move or have you just moved to Germany for educational purposes? Then, as you already know, there are several new aspects to consider beforehand. For example, the mandatory student health insurance. As a student, you have the free choice between the private and public health system, and over 100 public health providers. As a tenant in a student dorm or in a private flat it is important to have liability insurance (sometimes it is even required by contract). Let us help you with the basic first financial steps as a student in Germany or with all major changes from student life into working career.
Families
Have you already founded a family in your homeland and want to bring them here with you? Or do you want to found a family in Germany?
What are the legal implications surrounding this? Are there any tax benefits from the state? And with what advantages does the German government subsidize your family? What are the important factors to take into account in terms of social security, investments, real estate, etc.
How do I establish a thorough financial strategy to take care of my loved ones? For instance, the education of my children or family vacations.
We as expats, as well, have had years of experience handling these complex topics for expat families in Germany. Thus, we can provide you with a personalized roadmap tailored to your interests and needs.
