EU Inc. it’s called a new European regulation, this time from the realm of bureaucracy, Brussels. They want to reduce bureaucracy. European entrepreneurs face 27 legal systems. This is how doing business across Europe is facilitated.
Regardless of whether you are in Lisbon, Munich on Zakynthos or in Nagykanjissa, within 48 hours you can open a company with only 100 euros with no requirement for share capital.
Ursula von der Leyen says that this is the beginning towards the establishment of a single European market.
– This will drastically facilitate the start-up and development of business in Europe. Every entrepreneur will be able to establish a company within 48 hours. Companies will submit their data to public authorities only once. And, this information will then be automatically shared between competent administrations from business registers to the tax administration, social security authorities and other state administrations, said Leyen.
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As a reminder, the European Commission yesterday presented EU Inc., a new digital and optional framework for establishing and running companies across the EU, which will facilitate start-ups and innovative businesses to expand across borders.
Companies will be able to register in 48 hours, completely online, without minimum capital, and data will be submitted only once through the EU platform. EU Inc. it also enables digital liquidation procedures, flexibility of shares, and EU-wide plans for employee stock options, thus facilitating the attraction of talent and investment.
The goal is to reduce administrative fragmentation, strengthen EU competitiveness and create a single market by 2028.
The Commission called on the European Parliament and the Council to reach an agreement on the proposal by the end of 2026.
(Vijesti.ba)
