Germany: Online/ digital formation of limited liability companies possible from August 1, 2022
The German Federal Parliament (Bundestag) in June 2021 passed the ‘Act on the Implementation of the Digitisation Directive’ (‘DiRUG’) whereby it is possible to form a limited liability companies and make certain commercial registry applications digitally i.e., by notarial online procedure, with effect from August 1, 2022.
The existing process requiring physical presence of founding members before the Notary is replaced by online process using video communication system established by Federal Chamber of Notaries.
Implication:
With the introduction of online registration and notarization, the formation and registration process for limited liability companies will be simple and easy.