EU Inc.: Company in 48 hours and 100 euros, with the same rules across the Union

The European Commission has put forward a proposal for a new type of company, "EU Inc.," designed to streamline business operations across the European Union. This initiative aims to remove the significant hurdles that currently complicate cross-border expansion for companies within the single market.

Currently, when a company from one EU member state, like a Croatian d.o.o., wishes to establish a subsidiary in another, such as Germany, it encounters a complex web of national rules, documentation requirements, legal consultations, and associated costs. This process can be time-consuming and expensive, particularly for small and medium-sized enterprises (SMEs) that lack the resources of large corporations.

The proposed "EU Inc." would offer a voluntary, unified framework. Companies could be established online in as little as 48 hours for a maximum of 100 euros. Crucially, the rules governing an "EU Inc." would remain consistent regardless of which EU country it operates in, eliminating the need to navigate different national legal systems and administrative procedures for each expansion.

This proposal is intended to foster a more integrated European market, making it easier for businesses to grow and operate seamlessly across the bloc. By reducing administrative burdens and costs, the EU hopes to encourage more companies, especially smaller ones, to expand internationally within the Union, thereby strengthening the single market.