EU states back pan-Europe company status to lure start-ups
Summary
EU countries have backed plans for a new pan-European company status called “EU Inc.” to make it easier for start-ups to register and operate across the bloc. The proposal would let entrepreneurs set up firms online within two days for less than 100 euros, while adding anti-money-laundering and criminal-activity safeguards.
Key Points
- EU countries backed a new “EU Inc.” scheme designed to help start-ups grow across the European Union.
- The proposal would let entrepreneurs create a firm fully online within two days from anywhere in the EU for under 100 euros.
- Member states added controls allowing authorities to reject registrations linked to money laundering, terrorism financing, or other criminal activity.
- The measure still needs negotiations and approval from the European Parliament and member states before becoming law.
