One EU market, one EU company form

Today, the European Commission took a major step towards making it easier to start and run businesses across Europe, helping SMEs and start-ups grow, scale, and compete globally. The EPP Group welcomes the “28th Regime”, also known as 'EU Inc.' – a new EU-wide company form that will exist alongside national systems.

"Too many start-ups still struggle with 27 different legal systems. This costs time and money and holds them back. Businesses should be able to operate digitally and without hurdles throughout the EU," said Tomas Tobé MEP, EPP Group Vice-President in charge of legal and home affairs.

The new EU company would be simple to set up, fully digital, and recognised across all Member States.

"With the new EU Inc., you can set up a business within 48 hours and operate across Europe, without extra paperwork. It should be fully digital from start to finish and come with simple ready-to-use templates," said Axel Voss MEP, the EPP Group’s spokesman in the Parliament’s Legal Affairs Committee.

The new proposal also aims to make it easier for start-ups to attract investment and reward employees, for example through share schemes.

"Our message is clear: Europe should be the best place to start and grow a company. Europe is full of great ideas and great minds; we just have to give them the opportunity to grow," concluded Voss.