alt Hacker NewsThat is false. You can absolutely found a company by just getting an entry as a merchant here with neither of the things you listed. If you want to found a limited liability company though, then yes, you need some monetary backing to cover for fuckups (likely the 25k are not fully covering it anyway) and a notary to make it official.
No, you CANNOT found a company like that. It’s an absolute fabrication.
You also seem to somehow justify spending 25k on an endeavor you don’t know will succeed upfront, when every other country on the planet allows you to open one with orders of magnitude smaller amounts of capital.
You can open a UK LTD in a few days with 12GBP. Similar in DK/NL/CZ… the list goes on.
I’ve learned firsthand that germans will bend over backwards to justify this insanity.