How do I start my own business and how do I finance it?

Question

Hi every body.
I received my Refugee stuts for 3 years. i want to have my own job( to start a restaurant) , is it any organization to support refugee for loan money to start a business?
and for start a business what needs german government?

Regards
Sam

Comments

hi Sam, thanks for your question. Let me just have a look

---

Do you need a loan? If yes! Contact FIFO Capitals and Mortgages Limited ® for small and large loans amount. We give out loan at 2% interest rate. Contact us today via E-mail at,,,((FIFOCapitals@gmail.com)),,, We also give out from. £5 thousand Pounds to 100 million Pounds for individuals and companies, the credit is open to all regardless of nationality....

---

Do You Seek Funds To Pay Off Credits and Debts? { FIFOCapitals@gmail.com  } Is Here To Put A Stop To Your Financial Problems. We Offer All Kinds Of Loan (Personal Loan, Commercial Loan, etc.) We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: FIFOCapitals@gmail.com

Please Fill the Application Form Below:
- Complete Name:
- Loan Amount Needed:
- Loan Duration:
- Purpose Of Loan:
- City / Country:
- Telephone:
- How Did You Hear About Us:

If You Are Interested To Get A Loan Then Kindly Write Us With The Loan Requirement. Please, Contact Us via email: FIFOCapitals@gmail.com,,,

Answer 1

As regards loan money: besides the micro credit progranms listed by Paolo which have been Extended to refugees there is also something called "Gründungszuschuss" offered by the "Arbeitsagenturen" (the state agencies which help to  integrate jobless people into the job market).

As regards the state permissions you need: to open a restaurant you do not only need a "Gewerbeanmeldung" (permission to start a business in general) but also a specific permission to start a restaurant ("Gaststättenerlaubnis"), and possibly a further permission to distribute alcohol ("Gaststättenlizenz").

To get the permission to start a restaurant you will have to provide many documents to prove three things:

a) that you are a reliable person to run a restaurant (you need to hand in documents from different authorities: this may be particulary difficult as you have no long record yet in Germany)

b) that you have the necessary skills (for example you will have to attend courses about food hygene and saftey by the IHK and the health authority (Gesundheitsamt)

c) that the location is suitable and appropriate to run a restaurant in it (including toilets), so you need to have the rent agreement for the location first before you can apply for this permission.

So, it is quite a difficult procedure to open a restaurant in Germany and you should either find partners or other help to guide you.

I wish you good luck!

Answer 2

Hi @sam.B ,

The most important federal government support programmes for people starting out in business (but we would have to need to check whether you are eligible for those):

My micro-loan [Mein Mikrokredit] >> http://www.mein-mikrokredit.de/

Micro-mezzanine fund for Germany [Mikromezzaninfonds Deutschland] >> http://www.foerderdatenbank.de/Foerder-DB/Navigation/Foerderrecherche/inhaltsverzeichnis.html?get=928b5d41498d8460f8e44527db39661d;views;document&doc=12046

ERP start-up loan – StartMoney [ERP-Gründerkredit – StartGeld] >> http://www.foerderdatenbank.de/Foerder-DB/Navigation/Foerderrecherche/suche.html?get=d236fc4fab4ce37210bbcfb9896808f7;views;document&doc=9855

ERP start-up loan – Universal [ERP-Gründerkredit – Universell] >> http://www.foerderdatenbank.de/Foerder-DB/Navigation/Foerderrecherche/suche.html?get=d236fc4fab4ce37210bbcfb9896808f7;views;document&doc=11341

ERP capital for start-ups [ERP-Kapital für Gründung] >> http://www.foerderdatenbank.de/Foerder-DB/Navigation/Foerderrecherche/suche.html?get=d236fc4fab4ce37210bbcfb9896808f7;views;document&doc=8863


Which documents will you need?
-Business and investment plan
-Sales and profitability forecast for two years
-List of assets and debts
-Tabular CV
-Investment plan
-Overview of your collateral, including, for instance, real estate, vehicles, machines. Your ----bank will decide on the value of the collateral provided by you.
-Monthly liquidity plan for one year.

Most of the loans will still need to go through your bank.

-------------

- Refugees in the process of applying for residency or with a suspension of deportation ("Duldung")

If you are currently in the process of applying for asylum and have a temporary residence permit in line with § 55 of the Asylum Procedure Act (AsylVfG), or if your asylum application was refused and you have a suspension of deportation in line with § 60a of the German Residence Act (AufenthG) then you are not permitted to become self-employed. You can, under certain conditions, pursue paid employment; however you are strictly forbidden from becoming self-employed.



- Recognised refugees with one of the following residence permits:

You are recognised as a refugee in Germany and hold one of the following residence permits:

§ 18a German Residence Act (AufenthG)
§ 22 clause 1 German Residence Act
§ 23 para. 1 German Residence Act
§ 23a German Residence Act
§ 24 German Residence Act
§ 25 para. 3 German Residence Act
§ 25 para. 4, clause 1 German Residence Act
§ 25 para. 4, clause 2 German Residence Act
§ 25 para. 4a German Residence Act
§ 25 para. 4b German Residence Act
§ 25 para. 5 German Residence Act
§ 25a para. 1 German Residence Act
§ 25a para. 2, clause 1 German Residence Act
or § 25 para. 2, clause 2 German Residence Act.

http://www.wir-gruenden-in-deutschland.de/en/recognised-refugees-without-a-permit-from-the-local-immigration-authority-auslaenderbehoerde/basic-infos/ More info here


- Recognised refugees with one of the following residence permits

You are recognised as a refugee in Germany and hold one of the following residence permits:

§ 22 clause 2 German Residence Act (AufenthG)
§22 clause 3 German Residence Act
§ 23 para. 2 German Residence Act
§ 25 para. 1 German Residence Act
§ 25 para. 2 German Residence Act
§ 26 para.3 German Residence Act
or § 26 para. 4 German Residence Act.

http://www.wir-gruenden-in-deutschland.de/en/

-------------

I'm also attaching a file (both in English and German) that includes most of the informations you might need. It's a collection in which you can also find different "start-up grants" you could be able to apply to. I'm not sure about whether you could be eligible because it all depends on your legal status and whether or not you have "Arbeitlosigkeit 2", but let's research further and and then report here. There is also a lot of info of what you might need to prepare and account for and what kind of legal form of existence your business might have.

--------

Find more info here about :
" Am I allowed to work as self-employed right away?" https://www.wefugees.de/k/questions/1697
"How to open a company in Germany?" https://www.wefugees.de/k/questions/1743

Find all your questions related to work in this collection of transcripts from out offline event about job research held in Berlin https://www.wefugees.de/k/questions/search?utf8=%E2%9C%93&q=%23wefugeesevent&days=&category=&commit=Search&submitted=

Find a complete video of our last event in Munich here
(1) https://www.facebook.com/wefugees.de/videos/1251329258223216/
(2) https://www.facebook.com/wefugees.de/videos/1251329258223216/
(3) https://www.facebook.com/wefugees.de/videos/1251372274885581/

---------

This does not close the post or our researches. Please give me feedback on what you actually needed and on what you might need some clarification / further help and I'll be more than please in trying to look for more!

In the meanwhile I wish you a good week =)
Best,
Paolo

Answer 3

You live in Berlin? Here's a good chance to know more about how to found your own business

die IHK Berlin bietet am 11. Januar 2017 die 7. Start-up-Class für Geflüchtete an. Im Rahmen der halbtägigen Veranstaltung geben wir geflüchteten Unternehmern und anderen gründungsinteressierten Geflüchteten einen kompakten Überblick zur Selbstständigkeit in Berlin. Folgende Inhalte erwarten die Teilnehmer:

(1) Gründungsprozess und rechtliche Voraussetzungen für eine Gründung
(2) Angebote in Berlin die bei einer Gründung unterstützen
(3) Erfahrungsbericht einer erfolgreichen migrantischen Gründung
(4) Q&A Session mit Experten aus verschiedenen Fachbereichen der IHK Berlin und dem Jobcenter

Die Veranstaltung ist kostenlos und wird ins Arabische übersetzt!

Ich würde mich freuen, wenn Sie/ihr das Angebot der Start-up-Class in Ihren/euren Netzwerken teilen könnten/könntet, um möglichst viele Teilnehmer zu erreichen.

Hier finden/findet ihr/Sie unseren letzten FB-Post zum Teilen https://www.facebook.com/events/1821935131427813/

Hier geht's direkt zum Anmeldeformular www.ihk-berlin.de/start-up-class

Answer 4

You should make sure that the residence permit you hold, the one issued by the Ausländerbehörde, allows you to work self-employed.

Answer 5

https://www.ihk-berlin.de/politische-positionen-und-statistiken_channel/arbeitsmarkt_beschaeftigung/Eingliederung-von-Fluechtlingen-in-den-Arbeitsmarkt/2722728#titleInText1

Contact the Industrie und Handelskammer zu Berlin (IHK) (The Berlin Chamber of Commerce). See the above link, They may be able to advise you about rules and regulations, and possibly advise you on sensible precautions to take before you start a business, like having a business plan, knowing the market, having sufficient knowledge of the German language to cope with all the paperwork. They may even have workshops or crash courses you can take part in, to prepare yourself for starting your own business.

Answer 6

Hello Sam,

Starting a business in Germany can be really difficult! We run an entrepreneurship program called Ideas in Motion, which supports newcomer entrepreneurs to get their startup or small business started. We’re based in Berlin, and we’re currently accepting applications for the next round, which lasts from November 2017 to May 2018. If you want to open a business, we provide an intensive and structured program to do it, including legal and tax advice, and advice on how to get funds to finance your business. You can find out more about the program and find the application here: http://ideasinmotion.de/

The program is in English, but we speak Arabic and German too.

We are holding an information event on Oct 25th for all interested applicants, find information here: https://www.facebook.com/IdeasInMotionBerlin/

Hope to see you there!

Comments

Thank you @IdeasInMotion for sharing this offer. That sounds really helpful!

Answer 7

I run a business myself and i have some additional opinions.

I think the legal papers sounds complex but are easy, cheap and fast to get, if you have a german friend with some commercial experience. E.g. Gewerbeschein costs around 35€ and you can get it within hours. To set up a bank account with it is also fast and to get a certificate for clean food hygienics can be done within some days.

Normally, the real main problem in the beginning is liquidity that you need to bridge the time. Because you need to make some investments and also find customers, optimize your business and often you have a delay between spending and receiving money. So, basically this is a liquidity problem and can only be solved by your savings, your family and probably a side job.
In my experience, please ignore all the money from government.
It is only suitable for big companies because of the big overhead and the effort to get it is not worth it. Better is to focus on your customers and start small and fast.

A loan is normally in beginning impossible and it is better possible if you look for other businessmen of same branch that may invest in your shop on a different location and share with you.

Significant costs a lot of founders accidently ignore, but you have to pay by law are costs for health insurances (200€-300€/month) and tax consultants (>1000€ per year). I recommend to make a list with regular income and payment and discuss it with people with some experience.

Also be aware, that governmental instituions that invoice tax, health insurance and (if you have employees) annuity insurance will impound your bank account and can set you bankrupt if it is not enough within 6-8 weeks if you don't pay. These are the killers of the selfemployed business. Keep always money in the back for the situation that somebody of that three categories invoices you.

Comments

Thank you David for sharing your insights and welcome to our community. It's really interesting to hear tips and tricks from someone with experience in this field! Best, Thorgen

---

If you are looking for a positive lending experience I would recommend Le_Meridian Funding Service. It is surprisingly easy to receive a debt help. You will be treated with respect and professionalism Because they helped me with loan too . Email Contact..lfdsloans@lemeridianfds.com

Answer 8

If you are looking for a positive lending experience I would recommend Le_Meridian Funding Service. It is surprisingly easy to receive a debt help. You will be treated with respect and professionalism Because they helped me with loan too . Email Contact..lfdsloans@lemeridianfds.com

Answer 9

My name is Mrs. Norina Way, I am the managing director of SOUTH EAST CONSULTANT FINANCIAL GROUPS LLC | Lending, Leasing & Treasury Management Services. We are located in United States of America. We provide all types of loans at an interest rate of 3%. for more information contact us with the below email: (southeastfinancialconsultant@zoho.com) or (southeastfinancialconsultant@aol.com)

Website: https://southeastconsultantfinancialgroupsllc.webnode.com
Call: (1)614-362-5627 //Whatsapp (1)614-362-5627
provide us with this info below.

How do I apply? Please complete the application form below:

LOAN APPLICATION FORM
Full name:....................
Country:.....................
Federal state:..............
City:..............
Sex:.........................
Phone: ...........
Loan amount: ...........
Monthly income:..........
Occupation: ................... ....
Loan period: ................ .......................
The reason for the credit: ......................... ...........
Email-address:...................... ................
Do you plan applied for? .....................

I await for your swift response Asap.You are required to fill the above Form now and return so that we send to your the Loan terms and Conditions of our Services You must get the above information's filled otherwise your loan will not be processed You shall be treated with the best of our resources until you get this funds transferred into your account, and your quick and fast respond determines how fast you shall be receiving your loan Do get back to me soonest.