Questions tagged [germany]

to be used for any question within the geographical region of Germany

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2answers
173 views

cashier check and interest rate

I see news that in Germany banks are asking people to take the money to other banks and need to pay bank negative interest to keep money. A co-worker pointed a strategy that we can possible use in USA,...
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3answers
128 views

Must I to pay a 2% commission if I invest in a mutual fund via an online broker?

If I invest in mutual funds via one of the online brokers; such as Interactive Brokers, Fidelity, Vanguard, etc.; do I need to pay a 2% commission to the exchange in which the shares are bought? If so,...
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0answers
26 views

With respect to taxation, multi-asset ETFs such as %75 bonds + %25 equity are better compared to a %100 bond ETFs?

In here, it is claimed that Less than 100% of gains may be taxed. There is a partial exemption (i.e. Teilfreistellung), which causes only part of the gains (e.g., 70%) to be taxed. This exemption ...
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2answers
316 views

Paying the rent with profit of private investment company: What what would be the best construct?

My partner and I have rented a home in a small village and would like to stay there for many decades to come. However, I feel uncomfortable being a tenant. So, we have saved enough money to buy a ...
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3answers
92 views

Put option - exercise when it expires but don't have enough money to buy stocks to sell

Ok, so here is my plan. I wanted to buy put options which will sell Tesla stock at Strike price 900 Euro in June, 2021. The price for an option is 2.3 Euro and I will buy 1000 options (total cost to ...
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1answer
40 views

Bank account in Germany for non-EU-residents?

I am a Brazilian student with a German PhD contract scheduled to start on April 1st, but due to the COVID pandemic which is significantly bad in Brazil, the local German consulate cancelled all visa ...
2
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0answers
64 views

Bringing life savings from KSA to Germany

I recently moved to Germany and my partner is planning to join me in a couple of months. We used to work in KSA and have a sum of money greater than 10 000 euros saved up from our work back in KSA. I ...
3
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6answers
786 views

What are the possible benefits and risks of buying an old house in a far away area?

I live in Germany with very little savings, around 20k. I have seen some run-down old houses in far away areas offered to be sold. My gut is telling me that it's a good idea to own a house as property,...
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6answers
229 views

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

I recently moved to Germany, and I was shocked to discover that almost all of the credit unions (Kreditvereine) and banks here charge a fee just for me to give them my money. Why? Background: I'm from ...
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3answers
198 views

Are distributing ETFs always better than accumulating ones?

I am trying to decide between investing in a distributing ETF or an accumulating ETF and to me the distributing ETF seems clearly to be the better option. Since so many people invest also in ...
3
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1answer
1k views

How to cash a US check in Germany?

I am an Berlin based artist and I was going to participate in an event in the US in March. Due Covid-19 the festival got cancelled but the organization sent me a US check from the JP Morgan & ...
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0answers
28 views

how does the taxation works if contract is from Spain and you are working in Germany

I am a resident in Germany and will have a contract from Spain. My work location will still be in Germany. Which country should I pay my taxes? How can this be arranged by payroll?
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1answer
319 views

Can I pay taxes in Spain while working in Germany?

I'm actually working in Germany for just 2 months (July and August), and I would like to know if it is possible to pay the taxes in my country (Spain). The advantage of it is that in Spain the taxes ...
3
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1answer
46 views

Protect “Riesterrente”-retirement account from downside of liquidation

My mom has a german retirement portfolio called "Riester-Rente". Portfolio is mix of bonds and an international fund (DE0008491051). Long explanation: As part of legal compliance, they need ...
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1answer
75 views

Suggestion for my ETF portfolio to invest in Germany?

Below are my 3 ETFs to invest in Germany via Trade Republic as I will need to pay tax here (first 800 Euro is tax exemption). This is my first time ever to invest in stocks and I will hold it for 5+ ...
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4answers
937 views

How to withdraw cash from a credit card if the cash advance limit has been reached

I have a German bank account and a Visa credit card attached to it, but left Germany some time ago and live in a non-European country. Last Monday a bank officer from the German bank called me on my ...
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2answers
115 views

Investing in Germany

I am an international student and I have an interest in stock markets.I work part time at McDonalds so my tax class is 1. If I were to start another job then I would have to keep one of my income to ...
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0answers
39 views

Will I pay tax in Germany on money sent to me by my friend who lives in the US?

A friend wants to send me money as a gift to help me with a few of my plans, my friend lives in the US, and I live in Germany (Berlin). Will I have to pay any tax on this money? Do I need to declare ...
4
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1answer
106 views

Is there a financial product similar to an annuity in Germany?

I'm trying to figure out how to buy an annuity in Germany. Specifically, I'm interested in a fixed immediate life annuity. That is, a product that would offer a fixed payout every month for the ...
6
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2answers
767 views

What happens if you don't pay your credit card debt in Germany?

Thanks to COVID-19 I've lost my job, and I spent my money right and left very stupidly, and now I am in credit card debt of €3000. The bank blocked my account due to nonpayment for 3 months, and today ...
3
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0answers
51 views

Paying aliments: how to consider debt from divorce itself?

It seems I may be divorced in Germany and I want to get my calculations right. I have a house worth 150k€. I have paid 50k€ before marriage. I have paid 100k€ during marriage. Remaining debt is ...
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0answers
37 views

How can a Mutual Fund that is not an ETF be traded on an exchange?

Have a look at https://www.onvista.de/fonds/DJE-Zins-Dividende-PA-EUR-Fonds-LU0553164731. It is the information page for a regular fund ("mutual fund"), not an ETF. Nevertheless, it has a ...
4
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2answers
204 views

How can I practically buy bonds?

A moderately low risk of investment is a government bond. If I understand correctly, I spend €1000 on a 5-year bond at a yield of 1%, then in 5 years I get back 1000*(1.01)**5=€1051.01, unless the ...
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3answers
374 views

“Guesstimating” the value of a property

Country is Germany, in case that’s even relevant. Some fifteen years ago my parents bought a property together with one of my brothers (referred to as “brother A” further down) and his wife (so each ...
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3answers
274 views

Does the price per share matter for otherwise similar ETFs?

For example looking at IE00B5BMR087 and IE0031442068 (both links in German), they seem to be very similar. Both try to track the S&P 500 in the same ways, the main difference seems to be that one ...
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1answer
61 views

How is income tax residency determined for person staying in multiple jurisdictions in a year

Suppose I stayed in multiple countries in a year for significant durations ( say 3 months each in 4 nations) and further assume that double taxation avoidance treaties are in place so how does one ...
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2answers
529 views

Invest in Vanguard Index Funds (from Germany)

I am planning to invest in Vanguard Index Funds while living/working in Germany, but only interested in specific ones (see below). But I cannot seem to find them via brokers that I usually do my ...
2
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1answer
38 views

Tax implications of the interest earned in India

I have some questions regarding tax implications of the income in India from the following sources. NRE Account (FD and Savings) NRO Account (FD and Savings) Mutual Funds Interest in NRE account is ...
1
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1answer
38 views

Which type of organization should I choose to register in Germany to minify taxes for a non-profit software products

I'm (being a resident of Germany) going to introduce a software foundation - keep in mind though that I'm using term "software foundation" in a non-legal sense; and actually the goal of this ...
6
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1answer
229 views

In which country do I pay capital gain taxes, as a German with a US Internship?

This year, I did an internship in the US, and during that time I bought some stocks. Now I am back in Germany, and got dividend payments on these stocks, and also want to sell some of them soon. ...
1
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1answer
65 views

Gifting money to non-relative (Germany to UK)

I am considering helping out someone I know with living expenses in the UK (so it would be gifting money from Germany to UK). This person is not a part of my family. One thing I have to consider is, &...
0
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1answer
270 views

Can you legally keep topping up a pre-paid card with a credit card on a monthly basis to borrow money while earning points?

Having 2 credit cards, one of which is pre-paid, can someone keep topping up the pre-paid card with the other on a monthly basis therefore earning points? I am asking because in this way you can ...
4
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1answer
484 views

I saw the place and have a signed agreement, might this still be scam?

Note: This is happening in Germany so the relevant document is in German. Translations to English are my own. TLDR: After visiting a place the landlord and I signed a document "Protokoll des ...
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0answers
26 views

Taxation question: German Citizen enrolled in Swiss University working remotely from Berlin as RA

I would be super happy to learn how I would be taxed given my circumstances. I will be starting a Research Assistant job at my university in Geneva, Switzerland. Starting in January, I will move back ...
1
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2answers
386 views

How do locals in Germany finance their lifestyle seemingly above their salary levels? [closed]

I am foreigner in Germany, and I have noticed that my neighbours seemed to have no problems financing very expensive lifestyle, which I doubt can be afforded by salary alone. My question is: Is there ...
1
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1answer
188 views

Can I keep a German Bank account as non-resident

Last year (2019) I(non-european) did an exchange in Aachen, Germany (for 1 year) and had to open a bank account in Germany. I left it open on purpose when I left (around October) because I had an ...
4
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1answer
670 views

How is second income (full-time + freelance) taxed in Germany?

Hello ☀️ I am looking for some advice with some tax/finances questions. I am a software engineer, employed full time in Germany. I’m from the UK (EU citizen with no visa concerns, for now…). I earn &...
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0answers
20 views

Is foreign (EU) educational expense tax deductible for income in Germany?

I am a non-EU and I obtained a Masters degree in the Netherlands. And there was tuition fees involved. Now I will start working in Germany. Will the tuition expense in Netherlands be considered tax ...
2
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1answer
115 views

Long-term stock investment spanning multiple generations

Is there any financial product that would allow someone to invest a sum X (once or maybe add funds periodically) in a single stock, an ETF or similar for a minimum period of time, say 100 years? I'm ...
1
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0answers
70 views

Will I pay tax on selling the stock purchase plan I was granted by my employer in Germany?

Let's say an employer offers an stock purchase plan of 100EUR contribution from NET monthly salary of the employee across a quarter, that will be 300EUR total. Now let's say the employee at the end of ...
1
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0answers
33 views

Tax residency for Indian student in Germany and US

I am a citizen of India and I studied in Germany for three years (Sep 2017 to Aug 2020) before moving immediately to the US in Aug 2020 to start a doctorate program. Is my country of tax residency ...
11
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6answers
3k views

Negative p.a. rate for a 12-month loan

I ran across this offer (German) which basically promises me 1000 euros for free (or rather, they give me an additional 4 euros), and as far as the given offer shows, there are no further costs or ...
11
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1answer
3k views

Why is the price of hydrogen (H2) in Germany fixed at 9.50 EUR per kg?

In Germany there are only a few H2 gas stations. Why do they all have the same price? Why is the free market disabled here? Which law is responsible and why was it created?
6
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1answer
268 views

What kind of insurance do I need for my little house in a garden?

There is a small house located in my orchard in Germany. The orchard contains mostly fruit trees and is situated in a landscape protection area. The house has two stories and is built of stone, but it ...
1
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1answer
100 views

How much does a financial advisor charge in NRW, Germany?

I am 24 yrs old, software engineer working in Germany. I was able to save major chunk of my earnings and i am interested in investing the savings. I am interested in Real estate along with certain ETF'...
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2answers
108 views

Ownership of unlisted foreign corporation

I am a naturalized US citizen born in the UK, living in America. Can I buy stock in a privately held German company which is not listed on any stock exchange?
1
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1answer
133 views

Tax-free dividends because of double payment?

I have just received a dividend of 0.11 $, from which 15% withholding tax was deducted. On the same day I received a dividend of 3,40$ from the same company, but without paying withholding tax. (for 3 ...
0
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1answer
131 views

When does the tax occur when selling ETF in Germany?

For example, I'm living in Germany and want to buy ETFs from Ing bank. If I buy an ETF for 10 Euro, then later I sell it for 15 Euro (but didn't withdraw the money out of the bank). At that time, does ...
4
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2answers
2k views

Used to have German current account, left without closing it

In 2011 I spent a few months in Berlin and opened an account with Berliner Sparkasse. I left the country (returned to the UK) but neglected to close the account (every interaction with the bank ...
3
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1answer
65 views

How much do I need to pay as taxes for this investment? How to calculate it?

I am relatively new to both investing and doing your taxes in Germany. I have read many articles, none of which were official documents because I couldn't find them (also I don't know German). But I ...

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