Simplification, digitalisation and flexibility for European entrepreneurs
On 18 March, the European Commission presented a proposal for a European regulation establishing the “EU Inc.”. This is a new form of limited liability company governed by a harmonised regime at European Union (“EU”) level. The proposal aims to remove structural barriers to the formation and growth of European start-ups and scale-ups.
The proposal provides for simplified incorporation and dissolution/liquidation procedures, promotes cross-border development of business activities, and brings more flexible access to finance.
1. Incorporation of the EU Inc.
The process of setting up an EU Inc. company is carried out digitally through a central European interface acting as a single point for submitting and communicating information to the national commercial registers of the Member States of incorporation. Under the fast‑track procedure, where standard articles of association are used, the company will be
