US EditionBrussels to Unveil 'EU Inc' Pan-European Company Status
The voluntary regime aims to simplify cross-border company formation, helping innovative firms scale faster by avoiding 27 legal systems, EU Justice Commissioner said.
- On Thursday the European Commission unveiled EU Inc to enable entrepreneurs to form pan‑European companies fully online within 48 hours, with no minimum share capital, McGrath said.
- Faced with 27 legal variants and 60 company forms, officials say startups and investors struggle to expand, prompting the proposal to improve competitiveness.
- The proposal would provide a single, optional harmonised set of corporate rules, allowing EU Inc firms to choose their member state of incorporation, and include a simplified insolvency process, McGrath said.
- Trade unions warned the EU plan risks eroding workers' rights, while the Commission insisted labour law would not be changed, prompting immediate pushback.
- EU leaders are expected to discuss the proposal during a Thursday summit in Brussels, and the Commission projects some 120,000 companies could be created in its first ten years, employing 1.6 million with at least 10% uptake.
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The European Commission proposes an optional framework to simplify formalities and avoid bureaucracy, although companies will have to comply with the labour and tax laws of their countries
El Periódico
A digital system to register, in less than 48 hours, for less than 100 euros, without minimum capital requirements, that allows to create European companies subject to common standards and thus avoid the obstacles of 27 different models: that is 'EU Inc', the proposal that has been presented this Wednesday by the European Commission, to create the so-called 'regime 28'. Continue reading....
Start-ups often prefer to set up in the USA rather than in Europe. This should change. The European Commission's proposal: A new form of company called "EU Inc." There is also criticism of the details.
The European Commission is proposing to create a single European legal framework for companies, with simple rules that will apply across the entire internal market, Commission President Ursula von der Leyen said today. It will now be possible to set up a new company anywhere in the EU in just 48 hours for less than €100, she announced.
Start-ups often prefer to set up in the US rather than in Europe. This is supposed to change. The European Commission's proposal: A new form of enterprise called "EU Inc.
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