Compliance in Germany

Different rules apply all over the world. International businesses navigate a complex environment of laws, standards and regulations.

Germany offers excellent market conditions, a stable political and economic environment, a qualified work force, but also a complex set of rules.

No modern enterprise can exist without compliance management. There's always a compliance structure, whether you are aware having it or not.

We can help you to focus, streamline, and strengthen your compliance management structures and tools in order to avoid risk and gain competitive edge.

We analyze and provide compliance tools for the following areas relevant to your business:

• tax compliance
• human resources compliance (HR compliance)
• IT compliance
• industry-specific compliance (healthcare, food, construction, ...)
• trust compliance
• corporate governance compliance

There are three basic (golden) rules that must apply in order to achieve a working compliance structure:

• go where it hurts. Seek out the compliance risks most threatening to your organization and manage these risks. Do not ask if something could happen. Assume that it will and check your tools for reaction.
• centralize. It is true that all departments of your organization must be aware of specific risks and must have individual compliance tools ready. But how much more efficient will the whole system be if you centralize just the right functions as shared services provided by headquarters.
  
• do not over-engineer. Compliance comes at a cost. The 80/20 rule applies. Achieve 80% compliance with 20% of the cost. Do not spend 80% of the cost on the last 20% of compliance.

Ask our experts to help you set up an efficient compliance structure and tool set in Germany. We will provide instant advice.