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It is not just that, it is how difficult it is to invest into a German company afterwards, requiring each individual investor to visit a notary.

We had some investors refuse to invest in us as a German company because it was just too much hassle, and not worth the cost if they made a relatively small 10k€ investment.

UK Ltd much easier to invest into.

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You seem to have serious lack in understanding when it cmes to legal entities. If you have a small number of large outside investors, a GmbH isn't adding much hassle. If you have multiple small investors, choose a different legal entity form. Those do come with different sets of requirements. Legal consultation helps, I would even say is necessary, regardless of country.

In the end it comes down to cost of business. If the German market is interessting enough, a GmbH is just one thing to do. If it is not, pick another EU country.

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