Why bureaucracy in Germany is harmful
Setting up a company in Germany is like a bureaucratic nightmare. Young company founders have to deal with a number of public authorities and if, for example, you then relocate your business across federal state borders, everything becomes even more complicated.
It was a complete horror because we were dealing with the institutions of two countries that don't communicate with each other at the same time
- Milan von dem Bussche
Unfortunately, we are not alone with these problems. The high bureaucratic hurdles in Germany put the brakes on entrepreneurial drive and also on gross domestic product.
And so many new innovations are nipped in the bud because many potential founders shy away from the complexity.
How we support other founders with the bureaucratic hurdles
To help other founders overcome these hurdles, we have started publishing short video clips on YouTube. These videos explain the process of registering a business and point out possible pitfalls.
Read the whole article online
You can also read the whole article by Bert Losse on the official website of WirtschaftsWoche!