Many people dream of becoming self-employed. The start-up grant (Gründungszuschuss) can be an important source of financial support. But is it possible to apply for the start-up grant if you already have a side business?

The good news is: Yes, it is possible! However, there are certain requirements you must meet. In this blog article, you will find everything you need to know to apply for the start-up grant with a side business.

Requirements for the start-up grant:

• You must be unemployed and entitled to German unemployment benefit I (ALG I).
• You must become self-employed on a full-time basis.
• You must prepare a business plan and a financial plan.
• You must obtain an expert opinion from a third party.

Side business and start-up grant:

If you already have a side business, you must declare this when applying for the start-up grant. However, it is important that you become self-employed on a full-time basis This means you must work more than 15 hours per week in your business.

Advantages of your side business when applying for the start-up grant

• The allowance for additional earnings is increased to the average of the last 12 months.
• You can make use of the experience and skills you have already gained from your side business.

How to apply for the start-up grant with a side business:

1. Contact the Employment Agency (Agentur für Arbeit) and register as seeking employment.
2. Inform your caseworker about your side business.
3. Prepare a business plan and a financial plan.
4. Obtain an expert opinion.
5. Complete the application for the start-up grant.

Tip:

Seek advice from an expert to increase your chances of a successful application for the start-up grant.

Conclusion:

The start-up grant can also be applied for if you have a side business. However, there are certain requirements you must meet. Make sure to inform yourself early and thoroughly about the various options and seek advice from experts.