Yes it's all Germany based. Don't go the UG way, just found a GmbH.
Please note it is possible to found it with 12500€ and have to provide the other half of the 25k€ later.
My first company was without the GmbH protection and benefits. It was ok but I would not do or suggest it to anyone. Hell of a pain to migrate to a GmbH later.
I heard, that transition from UG to GmbH might be associated with additional costs. Also some older folks don’t like UG in general, because it is “immature” company status for them. Personally I don’t like (haftungsbeschränkt) at the end. It’s longer than actual company’s name and just does not sound good.
If you found with 1€, the moment you place the signature your company is insolvent as it can't pay the resulting invoice. Even if you found with 1k it is often quite near to overwelm the newly created company.
Beside that, UG has very bad reputation and if you need something your company rating will lead to problems like prepayment when ordering goods. New GmbH is not the best either but increased quite fast.
In addition, transition from UG to GmbH is a bit of a pain, as you need a let your books be checked (costly) or by just paying the amount to reach the GmbH money.
There are some fixed costs with transitioning to a GmbH (notary, Handelsregister, etc.), along with all the time you have to spend to change the name all over the place, which quickly amounts to a few thousand bucks.
Given that the 1€ founding is an illusion anyway, as you will need to have some money in the company to pay your accountant, Berufsgenossenschaft, (the salary you are living off if you are working full-time), etc., the benefits of requiring somewhat less (maybe 5k instead of 12.5k) are not that great.
Can you explain a bit more about the migration process?
I’ve read that the “most straightfoward way” is to create a new GmbH and transfer all the IP away from the Einzelunternehmen. It seemed kinda complicated though. (As everything is when dealing with the Finanzamt IMO)
Please note it is possible to found it with 12500€ and have to provide the other half of the 25k€ later.
My first company was without the GmbH protection and benefits. It was ok but I would not do or suggest it to anyone. Hell of a pain to migrate to a GmbH later.