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MoMiG

MoMiG is the acronym for the “Modernisierung des GmbH-Rechts und zur Bekämpfung von Missbräuchen” or “Law for the Modernisation of the German Limited Liability Company Law and the Prevention of Misuse”. MoMiG came into effect in Germany on 1 November 2008.

The general purpose of MoMiG is to accelerate establishment of business, modernise the German limited liability ( GmbH) law to make the GmbH structure more competitive internationally, and minimise abuse of company law.