Clearly only having GmbHs didn't meet demand, since quite a few people went for british Ltds despite them having a bad reputation, so a native replacement for those was created.
Clearly only having GmbHs didn't meet demand, since quite a few people went for british Ltds despite them having a bad reputation, so a native replacement for those was created.
> went for british Ltds despite them having a bad reputation
Cheap shot there. They don't have a bad reputation, assuming that claiming that companies from one of the main economies in the world have "bad reputation" makes any sense at all.
The reason people go for them is that most other European countries make it onerous to setup a company, while the UK does not see any reason to make it difficult.
Requiring €25k shuts the door to many people who would like to setup their own small business, for example.
And again, the rates of German Ltds. have gone down massively with the creation of the UG, so clearly that policy correction is working and not seen as overly onerous. (although lots of small companies also operate as unlimited companies)
My point is that UG create another layer instead of simplifying GmbH, which they refuse to do. From what you said UG still force you into GmbH: "25% of net income have to be added to the company investment, until the 25k€ threshold is reached". That's still quite onerous.
I think this is cultural. In the Anglo-sphere, the culture is much more one of laisser-faire. Other culture are much more fearful of any financial risk.
At the end of the day, though, on this I think the UK has it right: Make it as easy as possible for people to start a business. There is no downside.