There are no legal requirements for the share capital required for an entrepreneurial company (haftungsbeschränkt). Theoretically, you can also found a company with one euro, which is why this legal form is often referred to as a 1-euro GmbH. In practice, however, the vast majority of notaries only certify a share capital of 500.00 euros or more, and we therefore advise at least this amount.
The reason for this is that – in the opinion of these notaries – with a share capital of 1 Euro, an insolvency situation already exists with the formation. After all, the company has various financial obligations after the foundation. If there is then only 1 euro in the account, one cannot pay the open demands right at the beginning and would have to file for insolvency. Of course, this is not the case with companies that have regular income and there is no legal basis for this practice.