The European Commission has presented a new initiative, EU Inc., which significantly changes the approach to starting and running a business within the European Union. The idea is that companies will be able to operate across the entire EU without the need to adapt to various national requirements, simplifying access to the single market for entrepreneurs and investors.
This is reported by Finway
Online Business Registration and Information Accessibility Across All EU Countries
One of the main advantages of the new model will be the ability to register a company in just 48 hours. There will be no requirement to form a minimum share capital, and all procedures will be conducted online. This will eliminate unnecessary bureaucracy and reduce costs when starting a business, as well as decrease dependence on the administrative procedures of individual countries.
From now on, information about registered companies will be entered into the integrated system of EU state registries. The data will be standardized, allowing each member country to access it without the need for re-entry. A key digital tool will be the European Business Wallet — through which the exchange of official documents, registration, and tax operations will take place.
Flexibility and New Opportunities for Enterprises
The EU Inc. model includes a number of innovative solutions for businesses, particularly relevant for startups and rapidly growing companies. Among them:
- streamlined procedures for closing companies;
- flexible management of share capital;
- eased rules for transferring shares;
- the possibility of direct access to EU stock exchanges.
These tools will facilitate faster business scaling and increase the competitiveness of European enterprises in the global environment.
At the same time, despite the unification of corporate law, social and labor standards will remain under the jurisdiction of national governments. This approach allows for the combination of the efficiency of a simplified model with reliable protection of workers’ rights. The transition to the new business model will be voluntary — enterprises will choose whether to utilize the new regime.
“This step is part of a larger transformation of the EU economic space – a transition to a fully integrated market without internal barriers for business.”
The implementation of EU Inc. still requires approval from the European Parliament and the Council of the European Union. If the decision is positive, the new system could be implemented by the end of 2026.
Additionally, in Ukraine, the harmonization of business legislation with European standards is ongoing: the government has already submitted a draft law to parliament that proposes changing the criteria for defining micro, small, and medium-sized businesses in accordance with EU requirements.