EU–INC – A new pan-European legal entity (eu-inc.org)

Article summary

The EU is proposing a new pan-European legal entity called EU-INC, which aims to simplify the process of setting up and operating a company across member states. The goal is to create a single and simple set of rules that will apply seamlessly across the EU, allowing businesses to register a company in any member state within 48 hours fully online. This initiative aims to reduce bureaucracy and make it easier for entrepreneurs to operate across the EU. The proposal has garnered support from various startup founders and investors.

Main themes

• EU-INC proposal
• Simplifying company setup
• Pan-European business operations
• Bureaucracy reduction
• Startup ecosystem support

What commenters say

• Setting up a company in Germany is a lengthy and expensive process due to bureaucracy and notary requirements.
• Some countries, like Sweden and the UK, have a much simpler and faster process for setting up a company.
• The EU-INC proposal is necessary to reduce friction and make it easier for businesses to operate across the EU.
• The notary lobby in Germany is opposed to the EU-INC proposal, which may hinder its adoption.
• Some entrepreneurs believe that the benefits of EU-INC outweigh the potential risks and complexities.
• Others argue that the current system is not as bad as claimed and that entrepreneurs should be prepared to deal with some level of bureaucracy.
• The cost of setting up and maintaining a company in Germany can be prohibitively expensive for small businesses and startups.
• Simplifying company setup and operation across the EU could lead to increased innovation and economic growth.