Crowdinvesting for Supporters
Investors support a company, for example, by acquiring shares in that company. In other words, micro investors support a company by means of financial resources and consequently get to participate in the profits of that company relative to the amount they invested.
Any individual who is an adult and "legally competent" ("geschäftsfähig") can invest in a crowdinvesting campaign. In some cases, however, investors must be residents of Germany. Please consult the respective platforms for more information. And don't forget that crowdinvesting is a very high-risk investment: investors should only invest as much money as they can risk losing because the probability of failure is very high.
The various forms of investment differ from platform to platform. In most cases, the portals offer either the so-called "shareholder loans (subordinated) ("partiarisches Nachrangdarlehen") or they offer the so-called "atypical silent participation" ("atypische stille Beteiligung“). Other investment forms are occasionally possible: for example, bankless24 also provides profit-participation rights ("Genussrechte"), Bergfürst is the first crowdinvesting platform where private investors can invest in innovative companies as shareholders. Please consult the specific legal forms of participation on each respective platform and don't forget to read their Terms & Conditions (AGB).
The minimum investment amount varies from platform to platform. Please keep up inform on the specific platform.
It depends on the platform.
Yes, they do. The commission fee for platform operators ranges from five to 10 percent and applies to the entire amount collected.
Yes, it's possible. Natural and legal private persons as well as firms/companies can invest.
There are different ways to make payment. Usually it takes place via PayPal, credit card payment or direct bank transfer.
Yes, this is possible. Usually the only thing you need is a German savings account (Girokonto) or a German tax identification number (Steuernummer). You should always clarify this issue in advance with the respective platform.
On most platforms, yes.
That varies from platform to platform.
That varies from platform to platform: at Companisto, for example, it takes place once a year.
If the startup you supported does not reach its funding goal, you will get our money back. Please consult the Terms & Conditions (AGB) of the respective platforms to determine whether or not any accrued interest is paid out. We recommend that you learn more about each platform's back-transfer policies in advance and, if necessary, contact the portal operators directly to get in-depth information.
From the very beginning, you should understand that you are getting involved in a so-called "high-risk investment" in which you might lose your entire investment. This applies in all cases, regardless of whether you made your investment in the form of a shareholder loan (subordinated) or in the form of a silent participation (see question 3 for a description of these types of participation).
No. The only risk you take is to lose the entire amount of the capital you invested in the startup. Here, again, it's a good idea to read the Terms & Conditions (AGB) set out by the respective platforms in advance.
That depends on the type of investment you made. For example, an investment in the form of a shareholder loan (subordinated) is not connected to any legal voting rights or any rights of participation. In the case of an atypical silent participation, however, the investor can – under certain circumstances – acquire so-called "Information and Monitoring Rights" ("Informations- und Kontrollrechte"). For more detailed information, please consult the Terms & Conditions (AGB) contained on each platform or contact the portal operator directly. Please note that startups have a legal obligation to provide information, and if they fail to fulfill this obligation investors can retract their participation. In addition, the information contained in the prospectus is binding, and a bankruptcy can lead to compensation claims.
For private individuals, any investment profit is considered capital asset income and is subject to a capital gains tax ("Kapitalertragsteuer"), which in Germany is 25 percent plus the so-called "solidarity surcharge" ("Solidaritätszuschlag"). The capital gains tax is levied in the form of a withholding tax ("Quellensteuer") directly from the startups. Investors who invest in a startup via a capital company ("Kapitalgesellschaft") should note that any profits from the investment are subject to corporate income tax ("Körperschaftsteuer") and trade tax ("Gewerbesteuer"). Profits from investments in startups that started their crowdinvesting prior to February 4, 2013, are taxed at the personal rate of the investor.
In general, it is a very good idea to seek the support of a tax advisor when looking for information on this question.