Bank Account Registration Meaning: Fill & Download for Free

No. It is right up there with getting the Brantisvogan Civil Service to acknowledge a change-of-address card.TL; DR: Welfare is granted by the authorities. If you are an illegal immigrant, authorities are the people whose job it is to throw you out of the country. You want to stay as far away from them as possible.You can only get welfare if you have a civic registration number (personnummer). Corresponds, roughly, to the US Social Security Number, but unless you are born a citizen, they are way harder to get hold of. These are granted by the tax authorities, after a lengthy process. If you are an illegal immigrant, the second last people you want to talk to are the tax Office. (The police is at #1, obviously.)Then, Social Services investigate your needs. That’s rather thorough. If you don’t exist in the population database, you’re in for trouble. (This also means you can’t just fake a civic registration number: it won’t exist in the population database.) (No, you can’t bribe someone to create one for you. I’m not saying they are unbribable, but you need so much money that if you have that, why on Earth would you want welfare?)Also, your welfare has to be paid into a bank account. (It is impossible to cash a check in Sweden; they have to be sent to Germany for processing, which takes six weeks and costs about $100, and the bank will only do that for existing customers, and in practice it requires that you get hold of a bank employee over 50 who has even heard of checks, younger people won’t know what you’re talking about.) Again, no bank account without a civic registration number, plus the bank reports your bank account to the taxman (to make sure you’re not avoiding tax), so you’ve lost again.Also, you have to have an address. That’s the taxman, again. (They do keep track of us. Historically, getting us to pay taxes was the actual reason to start keeping track.) If you’re an illegal immigrant, you really don’t want to report to the authorities where you’re staying, and the person who keeps you don’t want you to do that, either.There are probably more hurdles; these are only the ones I can think of off the top of my head. Suffice to say, you can’t go to the authorities, say you have no money, and walk out with a wad of cash. That’s not how welfare works anywhere. Getting it is effin’ hard, even if you’re entitled to it.

Simplest way to understand this concept:You can go for registration or not, but it related to your profit/earning.There are three ways (however bound with certain conditions), that you can go ahead with start-up.1- Just open startup and do not get registered.2- Open start up and get proprietary (semi registration kind of stuff).3- Open start up and get company registered.Conditions:1- Just open startup and do not get registered it.-You will be receiving profit/revenue in your bank account and without registration you will be having saving account. That means you have to pay tax according to employee rules.-That mean a big chunk of your profit will go in tax. You can not avail any benefit except employee benefits of 80C, 80D..etc. So if your profit is very less like ~10L per year, you do not need.You can understand it likeJust open startup and do not get registered it. = (Saving Bank Account) = No registration required.2- Open start up and get proprietary ship.Proprietary tends for single person owner ship. Like own a small business.You can get current account, and while paying tax. You can show expense of business and you can get tax rebate. However, remember only one person will be owner of company in bank records (i.e. officially).You can understand it like:Open start up and get proprietary registration. = (Current Account) = No registration required (except few documents formality).3- Open start up and get company registered.This will be firm registration. Company can have more than one owner and you will be getting corporate account. That means corporate tax policy will be applicable to you. Like filing TDS for your employees.In this case, your company should be registered.Open start up and get company registered. = (Corporate Account) = Registration required.

There are good and emerging banks which are suitable for students and young working professionals than the traditional bank accounts. These new technology driven banks will offer really good mobile applications and a card which can be used as a prepaid credit card without any monthly charge. Plus, you will also get the normal account insurance of 100,000 Euros and all other perks of any other treditional banks. The best new era banks in Germany as of now areDKBN26I ran into some problems with DKB while creating an account, so I cannot help you with the process of creating an account with DKB. I have a N26 Ban account and I am using it for last 5 months. So let me walk you through the process of creating N26 account and its benefits. The advantages with N26 Account areFree ATM transaction through any ATM machine, yes any (This is only permitted 5 times a month. You can monitor your remaining free ATM withdrawals through the mobile application)Account opening process is a cake walk. You can do everything online (I spent hardly 20 minutes to complete the process)No monthly maintenance charge for any customer.No income proof is required to open a bank account.(This is a blessing for students and non-working people without a work contract. They can rely on N26 to open a bank account.)Built with “Transferwise” money transfer service (This makes it easier to send and receive money from your home country, if you are a non-eu citizen)The card can be used as prepaid credit card. (This is another good thing for people with more online requirements.)They have a very cool mobile application and card (Just to show off to your friends and family.. :) )You can open a bank account within minutes with N26. Let me give you some tips to open the N26 account.Documents required:German address registration documentValid PassportHow to open a bank account in N26If you are from any other country than Germany, the process is a little bit different. You need to provide a means of verifying your documents after you filled all your personal data in the N26 website. The verification can be done through a video call for German natives. Others should opt for a “postident” (Postal identification process). This is not as difficult as it sounds. You have to go to a near by post office in Germany with the printed receipt you received after completing the application in N26 website with all necessary documents and passport. The post office official will verify all these documents and passport and ask you to sign the printed copy of the application in front of them. The post office official will match the signature with your passport signature before posting it to N26 Bank. They will post it to N26 Bank if everything is fine, without any cost. Thats it.Side note: German natives use family name in the signature. In many other countries, people use their first name to do the signature or there may not be any match between any names and their signature. This could be a confusing thing for the postal officials. So, please explain to them how you do the signature if they ask any question regarding the signature.These are online banks without any branch offices. Their turn around time (Query answering time) for any online queries are really impressive with their great online customer care. So, please don’t worry about not having any branch office.Thank you for reading and hope this content was helpful. Wish you all success in creating a new bank account.A request to help more people: It would be really nice if the readers can leave a comment here with details like which country are you from, could you open a N26 account (if not, what issue did you face).Disclaimer: I have no association with N26 Bank other than being a customer.