Starting your business in Niedersachsen

An original, practicable business idea is the root of any entrepreneurial success: looking beyond the common, conventional company image. Consider who would buy your products or services and assess whether there would be a market for them. Take only calculated risks!

Get informed, plan the first steps, seek advice – talk to chambers of commerce and industry, business promotion agencies and sector specialists about your idea. Despite the initial euphoria, avoid snap decisions – long-term start-up concepts are demonstrably more successful.

Sell your idea to funders, partners and staff with a well structured and well argued concept. A strong business plan will be essential, at the latest when you take the first steps to founding the company and talking to advisers and bankers.

If your own capital isn't enough you'll have to seek loans or other third-party funding. Check all the possible sources: bank loans, private loans or shareholder investment, perhaps complemented by public funding programmes.

Follow important advice for start-up entrepreneurs: the taxation office will check which declarations will have to be submitted. Data on estimated profits and further income are required.