The 5th Freedom: Corporate Mobility Within The EU

2023 marked 30 years since the establishment of the European Single Market and the introduction of the four fundamental freedoms of movement it embodies: freedom of goods, capital, services, and people. These freedoms have revolutionised our understanding of borders in the Western world, enhancing European values of unification and harmonization in our daily lives.

Keeping to the theme, Directive (EU) 2017/1132 consolidated a significant portion of European Union (EU) company law rules into a single directive that covers issues like the formation of companies, capital and disclosure requirements, and their operational procedures.

As economic progress continued unabated, the need for healthy and flourishing companies that could promote economic growth and attract further investments into the EU increased. In response, Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019, amends Directive (EU) 2017/1132 to address cross-border