Requirements for Qonto for German Companies in Formation
The following requirements must be met to open an account with Qonto for your company in formation.
Accepted Legal Forms
Account opening is currently supported for the following legal forms in formation:
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Limited Liability Company (GmbH i.G.)
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Non-profit Limited Liability Company (gGmbH i.G.)
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Entrepreneurial Company (UG i.G.)
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Non-profit Entrepreneurial Company (gUG i.G.)
Who can open a business account for companies in formation with Qonto:
The Qonto business account can be opened by a legal representative or an authorized person. It is important that at least one of the founders is resident in Germany.
However, if all founders have an address outside of Germany, we will have to reject the registration.
Registered Office
The company's registered office must be located in Germany. If one of the shareholders is a legal entity - a company - it must have its registered office in one of the following countries: Germany, France, Spain, Italy, Luxembourg or Belgium.
Business Activity
The company's business activity must comply with Qonto's guidelines and must not be among the prohibited activities. The list of activities that are not permitted at Qonto can be found here.
Shareholder Structure & Shareholders
When founding the company, the shareholder structure can consist of natural and legal persons. Both entities can participate in the capital contribution, which is determined by the contract and list of shareholders.
The following requirements apply to the company's shareholders:
Natural Persons
According to the German Civil Code (BGB), every human being is a natural person with their own legal personality.
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You need a valid proof of identity
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For emancipated minor shareholders, a court judgment signed by a judge is required
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For non-emancipated minors, at least one parent must also be a shareholder and a certificate signed by the parents with custody rights must be submitted
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At least one shareholder or the legal representative of one of the companies holding shares in the company must live with permanent residence in Germany
Legal Entities
A legal entity is an association of persons or a body of assets that is itself the bearer of rights and obligations and has its own legal capacity. A distinction is made between partnerships (OHG, KG), corporations (AG, GmbH, UG) and bodies under public law.
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Qonto does not accept public law corporations or associations as shareholders
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If one of the shareholders is a legal entity, it must have its registered office in one of the following countries: Germany, France, Spain, Italy, Luxembourg, United Kingdom, Belgium, Netherlands, Switzerland or Austria.
Share Capital
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The paid-in share capital, the shareholders and the distribution must match the information in the notarized founding documents (the issuer name and the amount)
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For an Entrepreneurial Company (UG), the share capital must be at least €1.00.
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For a Limited Liability Company (GmbH), the share capital must be at least €25,000.00. You can start with a share capital of at least €12,500.00 that will be increased later.
Do you meet all the necessary requirements?
Let's go! Click on this link to start your account opening with Qonto! 🚀
We look forward to welcoming you as a customer!