Feeling the financial squeeze of Lockdown Light? Enter “November-Hilfe”, a flat-fee designed to compensate you for the revenue you lost this month. It’s not to be confused with Soforthilfe or Überbrückungshilfe. Red Tape Translation will take you through what it is, whether you’re eligible and how to apply.… Read more
Tag Archive: government grant
Getting out of Unemployment with Self-Employment: The Gründungszuschuss
If you are facing unemployment in Germany or are right in the middle of it, you might be interested to know about a grant that the Agentur für Arbeit offers to job seekers on ALG1 unemployment benefits if they want to start a business in Germany. The idea of this “new business grant” (Gründungszuschuss) is to get people out of unemployment (ALG I) by encouraging them to become self-employed or to start a company. Naturally, this won’t suit everyone, so the Agentur für Arbeit is really interested in making sure that you’re the entrepreneurial type and that you have a viable idea before they approve your application.
It is difficult to find information about the Gründungszuschuss in English. Here are the basics.
Recently dubbed “the queen bee of Berlin bureaucracy”, Kathleen Parker is now the proud recipient of an Agentur für Arbeit Gründungszuschuss – a government grant from the German Job Agency to support her freelance work activities. The process involved months of planning, extensive market research, and a 35 page business plan, written in perfect German with all relevant financial reports and outlooks. As only 10% percent of all applications for the grant are approved, the positive news was the source of some serious celebration at Red Tape Translation Berlin.
Thinking of Starting a Business in Germany?