Advantages and challenges of exporting to Germany
Be aware of the advantages and challenges of doing business in Germany.
There are advantages and also potential challenges for Northern Ireland companies doing business in Germany.
Germany is an attractive market for investors as well as new business owners. It is the largest economy in Europe and ranks as the fourth-largest global economy.
Advantages of exporting to Germany
Germany can offers numerous benefits to companies looking to do business in the region including:
- dual market access allows businesses in Northern Ireland to trade goods freely with Germany as it is part of the European Union. Read more about how to take advantage of dual market access.
- one of the world鈥檚 largest and most stable trading economies
- is among the top ten most innovative countries worldwide
- largest consumer market in the European Union
- offers a variety of incentive programs and public funding options
Challenges of exporting to Germany
You should also be aware of some challenges you could face when exporting to Germany including:
- it can be challenging to form a business due to complex bureaucratic requirements
- tax laws can be complicated
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