Why You Should do Business With Germany
March 26, 2018
Never miss an articleSign up for weekly content
If you’re a small business in the US looking to do businesses internationally, then Germany is the country for you. With some of the highest rankings per industry in Europe and the world, it’s one of the most advanced countries out there. There are few countries that can stand toe-to-toe with this giant, but that shouldn’t intimidate an American small business. If you’re not quite sold on why you should be doing business with Germany, we’ve gathered a few reasons:
With some of the highest rankings per industry in Europe and the world, it's one of the most advanced countries out there.
Although it’s the most basic reason, location has been a major factor in Germany’s success since it’s inclusion in the European Union. Germany serves as a gateway to other countries. France, Austria, and Italy are just a few of the European nations that Germany has ties to – quite literally.
Not to mention, if you’re looking to take a side trip while doing business in Germany, some of the most renowned countries in the world are within reach. Thanks to the EU, you don’t need to worry about borders, you can walk right on through.
Highly Qualified Workforce
Germany is home to more universities than any other country in Europe. With free education at their fingertips in even the post-secondary level, the people of Germany are well educated and have multiple career paths to choose from due to the diversity of schooling. Private schools are still available to the public, but their fees are extremely high so only about 5% of the population attends them. Secondary schooling in Germany is an interesting topic as they have several options depending on the field a student wants to go into.
With free education at their fingertips in even the post-secondary level, the people of Germany are well educated and have multiple career paths to choose from due to the diversity of schooling.
Generally, from grades five to 10 students can attend one of five different schools based on their field. The options range from learning a new language, preparation for university, or learning trades. There are some schools that combine these concepts to create more well-rounded students.
In 2017 alone, Germany was ranked as the third leading country in education. Which makes sense considering 81% of their workforce has a university level education under their belt.
You need 7 tools to master international trade. Find out what they are.
Advanced Technology and Expertise
“Made in Germany” is a tag synonymous with high quality products and goods. From cars to beverages, Germany has certainly made a name for itself. They’ve even begun to make strides in nanotechnology and green energy. Germany is one of 10 countries that focus a large amount of economic output on research and development. Since Germany started the Renewable Energy Act in 1990, it’s become the fourth greenest country in the world.
Not only is Germany technologically advanced, but their population accepts it willingly. Changes and upgrades in transportation and computer technology are snatched up just as quickly as they go to market in Germany.
Recently, some have even been calling Germany the “Startup Nation” due to it’s boom in high-tech startups in the last couple decades. Berlin has been known to be a hub for these startups that are arguably the backbone of Germany’s economy today.
Making a Payment
Now that you’ve decided to do business with Germany, it’s time to talk payments. Being that Germans are known for being efficient, it wouldn’t be a stretch to say they appreciate efficient payments too.
To top it off, Veem charges no wire fees and offers competitive foreign exchange rates. What’s not to love?
Sign up for a free Veem account and enjoy seamlessly integrated international B2B payments.