Are you from a non-EU country and studying as an undergraduate or postgraduate at a German university? Then you can become part-time self-employed whilst you are studying for your degree or doctorate. However, your business must not hinder your studies or doctorate in any way and you must apply to your local immigration authority (Ausländerbehörde) for a permit to practise self-employment (Erlaubnis zur Ausübung einer Selbständigkeit) in line with § 21 para. 6 of the German Residence Act (AufenthG). As such, you must draw up a business plan for your part-time business. However, we strongly recommend that you draw up a business plan for other reasons too. You can read why here.
Here you will find the answers to the following questions:
What is a business plan?
Why do you need a business plan?
What does a business plan include?
What income and expenditure are you expecting?
Once you have written the description, you need to create a table showing your initial financial calculations. This table should include the following parts:
Please bear in mind that (i) the price structure, (ii) the income structures and (iii) the income and social security tax rates in Germany are different to those in your home country, and that you must also take this into account when calculating your living expenses. You should write this section in German.
You can download a German template to help you with this. The English and Spanish versions are there solely to help you with the language.
Please give us a call or send us an email if you have any questions!