MARKET ENTRY

Seedrs Is Relying on Cosultinghouse's Monthly Payroll Services

Business Challenge

SEEDRS´s head office is based in the United Kingdom. When the company decided to open a representative office in Berlin and recruit its employees, they needed specific administrative guidance on how to register their employees for payroll, tax, and social security purposes in Germany. As the company only employs a small number of employees in Germany, SEEDRS required a service provider that was capable of processing payroll on a small scale and at the same time generating all reports and pay slips in both German and English.

As it was a fresh start for the company and its employees in Germany, SEEDRS needed to set up and register all its employees, and register itself as an employer. Furthermore, SEEDRS also required assistance with the related administrative tasks and coordination with both private providers and public bodies.

Our Approach

The concept of partnering with a local professional payroll provider in connection to employment, especially in Germany, should always be taken into consideration to avoid any unforeseen legal risks and financial liabilities to government authorities.

A very common challenge that companies face is how to deal with international offices, especially when the company´s headquarters are situated abroad. Aside from the aforementioned challenges, the language barrier, the local laws and regulations and bureaucratic considerations may create additional uncertainties.

As a response to the challenges in terms of payroll, Consultinghouse registered SEEDRS as an employer for purposes of the German social security- and tax system, shortly followed by the application for a payroll tax number. Once the company was set up in Consultinghouse´s secure and in Germany hosted HR system, the same process was applied to their employees.

Next, Consultinghouse helped SEEDRS to update the payroll information sheet with the correct authorized information and bank details, and submitted the necessary documents to the authorities.

To ensure that SEEDRS received the complete payroll solution, Consultinghouse has also been processing the monthly pay slips of SEEDRS by providing direct translations in both English and German which are prepared in PDF format and distributed upon request. Consultinghouse also generates withholding tax returns, monthly reports with respect to social security and monthly reporting to insurance companies.

Services

Service Provided

Payroll

We run your monthly payroll in Germany.

Payroll

"[…] Consultinghouse has provided a consistently high standard of service in helping us understand the process and requirements of expanding into Germany, tailoring very well any advice to our business needs."

The Outcome

www.SEEDRS.com

With the help of Consultinghouse, SEEDRS successfully integrated its German employees into the company and its payroll processing went smoothly and without complication. This allowed SEEDRS to concentrate on its business operation from day one in Germany.

By providing a single point of contact to SEEDRS’s London headquarters, Consultinghouse supports SEEDRS in reducing risk, and alleviates the complexity with regard to their internal communication and administrative processes, which effectively saves resources and time.

“We have engaged Consultinghouse during our process of opening an office in Germany. Notwithstanding that our partnership has started only about six months ago, Consultinghouse has provided a consistently high standard of service in helping us understand the process and requirements of expanding into Germany, tailoring very well any advice to our business needs. We have since used the company for the monthly payroll requirements for our Berlin office and have found this process smooth. The staff has been very helpful, responsive and professional, representative of a well-organized and dedicated team. Consultinghouse will be the first port of call for any queries that we may have in the country and region.”- Jakub Kohout, Financial Controller, SEEDRS.

For more information about SEEDRS, please visit www.SEEDRS.com

Let Us Be a Part of Your Success Story

Stefan Grönke

Stefan Grönke

Tax Advisor

+49 6181 70115 30

WHY US?

  • Strong experience in supporting foreign companies to develop their business in Germany
  • Our clients success is our success. Our objective is to grow along our clients
  • We are family owned. Our long- term perspective allows for good strategy and decision-making

Related Business Cases

Freyr Life Sciences

Freyr Life Sciences

Freyr successfully entered the German Market with the help of Consultinghouse's Comprehensive Market Entry Sol…

Freyr Life Sciences
Too Faced - A serious makeup brand that knows how to have fun

Too Faced – A serious makeup brand that knows how to have fun

Too Faced Cosmetics – A serious makeup brand that knows how to have fun

Too Faced – A serious makeup…
Bakken & Bæck

Bakken & Bæck

Bakken & Bæck Successfully Incorporates a sales office in Germany

Bakken & Bæck
QueryNow

QueryNow

Market Entry & Business Administration Services for QueryNow

QueryNow
Korean Software Company

Korean Software Company

Strategic Business Development in Germany for Korean Software Company

Korean Software Company
Vyrian

Vyrian

Vyrian successfully enters the German Market supported by Consultinghouse

Vyrian
PARI Robotics

PARI Robotics

Pari Robotics sets foot in Germany and opens Subsidiary with the Support of Consultinghouse

PARI Robotics
Korean Software Company

Sambio Coffee

Sambio Coffee opens its first coffee-house style restaurant in Berlin, Germany.

Sambio Coffee
Tata Autocomp

Tata Autocomp

Tata Autocomp Germany runs its business better with Consultinghouse

Tata Autocomp
Rome Research Corp.

Rome Research Corp.

Monthly financial reporting services for rome research corporation

Rome Research Corp.
Task Force Tips

Task Force Tips

Task Force Tips successfully expands its business to Germany

Task Force Tips
Quanta Consultancy Services

Quanta Consultancy Services

UK based Quanta Consultancy Services relies on Consultinghouse's Corporate Services

Quanta Consultancy Services
MTGO Academy

MTGO Academy

MTGO Academy teams up with Consultinghouse to run monthly Payroll in Germany

MTGO Academy
EDUsys

EDUsys

EDUsys entering Germany as part of a Corporate Globalization Strategy

EDUsys
Unbounce Germany

Unbounce Germany

Unbounce is the #1 Landing Page Platform for 15,000+ Brands

Unbounce Germany
UXP Systems

UXP Systems

Customized Payroll Solutions for the digital start up UXP Systems in Germany

UXP Systems
Infortrend

Infortrend

Infortrend Germany optimizes operations with Consultinghouse

Infortrend
1600 Cyber International GmbH

1600 Cyber International GmbH

1600 Cyber Int. GmbH successfully entered the German market using Consultinghouse’s incorporation solutions

1600 Cyber International GmbH
Animas Centre for Coaching GmbH

Animas Centre for Coaching GmbH

Animas Centre for Coaching successfully entered the German market using Consultinghouse’s incorporation soluti…

Animas Centre for Coaching GmbH
DAAX Liquidation

DAAX Liquidation

How DAAX was successfully liquidated with Consultinghouse

Interstate Hotels & Resort

Interstate Hotels & Resort

Customized payroll solution to power Interstate's market expansion strategy for the DACH region

Interstate Hotels & Resort
City Bike Adventures

City Bike Adventures

City Bike Adventures is relying on Consultinghouse's Payroll Services

City Bike Adventures
Momenta

Momenta

Momenta is an autonomous driving company from China

Momenta
Trussardi

Trussardi

Trussardi is an Italian luxury fashion brand based in Milan, Italy and specialized in leather goods, ready-to-…

Trussardi
Wild Lovers London

Wild Lovers London

Wild Lovers is a Lingerie Brand that was founded in 2019 in East London.

Wild Lovers London

Related Business Solutions

Book your advisory call today

We help you to assess the current phase of your business and to build your personal roadmap about how your business can start and grow in Germany.

Book a Meeting

Contact

Contact Us

To learn more about our services and how we can create value for our international clients when doing business in Germany, please contact us by filling out the following form.