EU Inc: New Business Framework in Europe

And so here comes EU Inc, the twenty-eighth regime.

EU Inc creates a single European company

framework.

It is one simple set of rules

that works across our entire single market

of four hundred and fifty million consumers.

It will make it drastically easier to start and to

grow a business in Europe.

Any entrepreneur will be able to create a company within

forty-eight hours

from anywhere in the European Union,

fully digitalized,

for less than one hundred euros

and without minimum share capital.

And at the heart of this proposal is one simple

principle that says, "Once only."

Companies will provide their information to public authority, their

data, one time only.

And that information will then be shared automatically between

relevant administrations.

From business registers to taxes to social

security autho-authorities, you just name it.

And this information will be stored and easily

accessible in a new EU business

register for EU Inc companies.

Now the second feature.

At its core, EU Inc is digital.

EU Inc companies will operate in a fully digital environment

from registration to shareholder meetings,

from document storage to capital operations.

It will all be supported by the new European business wallet.

So companies will be able to manage their documents and

communicate with other businesses and administrations

fully digitally in all twenty-seven member states.