Open a Business Bank Account in Germany as a Foreigner (2025 Guide)

Germany is one of the most business-friendly countries in Europe. Whether you’re starting a GmbH (limited liability company), freelancing, or launching a remote startup, opening a business bank account in Germany is a crucial legal requirement.

In this guide, we walk you through the step-by-step process of opening a business account as a non-German resident, the best banks to consider in 2025, the documents you’ll need, and how to avoid delays—while staying compliant with German regulations.

Why You Need a Business Bank Account in Germany

Opening a separate business bank account in Germany offers many advantages, including:

• Legal requirement for GmbH and UG registration

• Proper separation of personal and business finances

• Mandatory for tax filings and accounting in Germany

• Enables you to receive international payments (USD, GBP, EUR, etc.)

• Builds your credit profile in Europe

Whether you’re a digital entrepreneur, Amazon seller, freelancer, or small business owner, Germany expects you to manage your business finances transparently and professionally.

Can a Foreigner Open a Business Bank Account in Germany?

Yes. Germany allows foreign nationals, including non-EU residents, to open a business bank account—as long as they meet KYC (Know Your Customer) requirements and submit valid documentation.

This includes:

• Residents and expats living in Germany

• Non-residents operating a German-registered business

• Remote freelancers working with EU clients

Thanks to digital banks and fintechs, the process is now faster and can often be completed 100% online.

Types of Business Entities That Require a Bank Account

Before you open a bank account, understand your legal business type in Germany:

Top Business Bank Accounts in Germany for Foreigners (2025)

Here are the best banks offering business bank accounts suitable for foreigners and expats in Germany:

1. N26 Business

• 100% online application

• Multi-currency support

• Free Mastercard debit card

• No hidden fees

• Supports freelancers and self-employed

Best for: Non-residents, digital nomads, freelancers

2. Holvi

• Tailored for freelancers and startups

• Built-in invoicing and expense tools

• English support

• Monthly plans starting from €9

Best for: EU residents running solo businesses

3. Deutsche Bank Business Konto

• Full-service traditional bank

• Trusted by large corporations

• Personal banker support

• Online and in-branch service

Best for: Registered companies (GmbH/UG), larger scale operations

4. Kontist

• Designed specifically for freelancers in Germany

• Automatic tax calculation

• Seamless integration with tax advisors

• Partnered with Solarisbank (licensed)

Best for: Locally registered freelancers with Steuer-ID

5. Wise (Business)

• International multi-currency account

• Supports 50+ currencies

• Transparent currency conversion

• No German IBAN, but great for cross-border EU payments

Best for: Non-resident business owners with global clients

Step-by-Step Process to Open a Business Bank Account in Germany

Step 1: Choose the Right Bank

Select a bank that supports your business structure, country of residence, and preferred features (online banking, international transfers, etc.).

Step 2: Prepare the Required Documents

Most banks will require the following:

• Valid passport or national ID

• Business registration certificate (Gewerbeanmeldung, Handelsregisterauszug)

• Tax ID (Steuernummer or USt-ID)

• Proof of German business address

• Articles of association (for GmbH/UG)

• Company website (if applicable)

• Trade license (if in regulated industry)

Note: Non-residents may need to provide additional documentation or a German legal representative.

Step 3: Submit Your Application

• For online banks (N26, Holvi, Kontist), fill out an application on their website or app.

• For traditional banks (Deutsche Bank), schedule an in-person appointment.

Step 4: Undergo Identity Verification

You’ll need to complete PostIdent (in-branch) or VideoIdent (video call with passport check).

• Some banks require German residency for ID verification.

• Others (like Wise and N26) accept foreign addresses and passports.

Step 5: Fund the Account and Activate

Once approved, fund your account with the minimum required deposit (some banks have no minimum). If registering a GmbH, the share capital (€25,000) must be deposited here before incorporation.

Costs of Opening and Running a Business Account in Germany

Tax and Legal Tips for Foreign Business Owners in Germany

• Declare all income through your tax advisor (Steuerberater).

• Use a business account for all transactions to simplify tax reporting.

• If you’re earning over €22,000/year, register for VAT (Umsatzsteuer).

• Keep digital and paper records of all transactions for at least 10 years.

Frequently Asked Questions (FAQs)

Can I open a German business account from abroad?

Yes, with online banks like Wise, N26, or Holvi, you can start remotely—though some may require a German business address.

Is it mandatory for freelancers to open a business account in Germany?

It’s not legally mandatory, but highly recommended for tax separation and professional invoicing.

Can I receive USD or GBP in a German business account?

Yes. Multi-currency platforms like Wise or N26 let you hold and convert different currencies at competitive rates.

What if my company is not registered in Germany?

Some fintechs allow you to open a EU business account for international companies, but you’ll need a strong reason (clients in Germany, invoices to German customers, etc.).

Final Thoughts: Streamline Your Business Finances in Germany

Whether you’re running a startup, freelancing, or launching an e-commerce business, having a dedicated business bank account in Germany will set you up for financial success and legal compliance.

With flexible online banking options, English-language support, and international-friendly platforms, foreigners can now open and manage German business accounts more easily than ever before.

If you want to thrive as a business owner in Germany, this is a foundational step that should never be skipped.