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EU–INC – A new pan-European legal entity

eu-inc.org

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Re: EU–INC – A new pan-European legal entity

#31

Post by nayroclade »

poly2it wrote: post #10

Is there a comparison to the SE structure? My main issue with it personally is that it is prohibitively expensive to incorporate.

They have an answer to that in their FAQs: https://proposal.eu-inc.org/FAQ-Glossary-14d076fd79c581d18e6...

> While both aim to facilitate cross-border operations within the EU, EU-Inc addresses some of the limitations of SE:

> - No minimum capital requirement: Unlike SE, which has a minimum capital requirement of €120,000, EU-Inc has no minimum capital requirement, making it more accessible for startups.

> - Simplified governance structure: EU-Inc offers a more streamlined governance structure compared to SE, reducing administrative burden and promoting flexibility.

> - Digital ecosystem: EU-Inc is supported by a robust online ecosystem, including a digital registry and dashboard, for efficient management and compliance, which is lacking for SE.

Re: EU–INC – A new pan-European legal entity

#32

Post by 47282847 »

embedding-shape wrote: post #8
jcmartinezdev wrote: post #2

I really looking forward to this! I love being in the EU and I really like living in Germany. But creating and operating a small company in Germany is a nightmare, I hope this can give smaller EU companies agility and frictionless setup and operation so they can focus on building products and providing services to their customers.

Sounds like a German problem. When I last set up a company in Sweden I literally went to web UI and clicked "Create Company" basically, filled in some details and it was done. Similar experience in Spain, fill out 2-3 forms and it's done. How much more process could the German government really add here? Reviews and interviews, or what exactly is the bureaucracy you're complaining about here?

Company formation in Germany requires identity and statute checks by a notary. You can nowadays do that remotely via video appointment but it’s still a bit of a hassle and delay. It’s not as bad as people claim, or rather: if people already have difficulties with that step I wonder how much fun they will have with “bureaucracy” later on.

Frankly, I understand how one can be annoyed at certain requirements but how do people imagine it without those? I can totally accept temporary annoyances since ultimately all of it serves to protect me from harm as a customer. I really don’t want to deal with companies whose founders already find the quite straightforward registration procedure too difficult.

The claim by others in this thread that you have to wait for the registration entry is false, your company is created the moment you pass notarization. While it makes proof of existence easier to be in the database, you can act and get bank accounts etc with those documents already. And I doubt the stability of your business idea if you cannot even wait a bit.

Re: EU–INC – A new pan-European legal entity

#33

Post by traceroute66 »

jcmartinezdev wrote: post #2

I really looking forward to this! I love being in the EU and I really like living in Germany. But creating and operating a small company in Germany is a nightmare, I hope this can give smaller EU companies agility and frictionless setup and operation so they can focus on building products and providing services to their customers.

> creating and operating a small company in Germany is a nightmare

To be fair, I think the problem operating in Germany is its federated nature. And so you have similar issues to companies operating in other federated jurisdictions e.g. US.

If you look at the UK (through pre-Brexit eyes, of course) or Ireland, establishing and operating companies is significantly easier.

Re: EU–INC – A new pan-European legal entity

#34

Post by paintbox »

3rodents wrote: post #12

Seems like a broader version of what Estonia are already doing with e-residency[1]. Registering a company online in a few hours is already easy in a few jurisdictions around the world (e.g: the U.K.[2]) so this isn’t a particularly revolutionary but the intent it signals is good. [1] https://www.e-resident.gov.ee/ [2] https://www.gov.uk/government/organisations/companies-house

Ease of incorporation is indeed not revolutionary, but is certainly a good direction.

What is revolutionary (in context of EU of course) is easier business operation across different countries, a real bottleneck for EU SMEs.

Re: EU–INC – A new pan-European legal entity

#35

Post by westpfelia »

embedding-shape wrote: post #8
jcmartinezdev wrote: post #2

I really looking forward to this! I love being in the EU and I really like living in Germany. But creating and operating a small company in Germany is a nightmare, I hope this can give smaller EU companies agility and frictionless setup and operation so they can focus on building products and providing services to their customers.

Sounds like a German problem. When I last set up a company in Sweden I literally went to web UI and clicked "Create Company" basically, filled in some details and it was done. Similar experience in Spain, fill out 2-3 forms and it's done. How much more process could the German government really add here? Reviews and interviews, or what exactly is the bureaucracy you're complaining about here?

I'm pretty sure Sweden is the most business friendly country. its why so many people move their business from Norway to Sweden.

Re: EU–INC – A new pan-European legal entity

#36

Post by embedding-shape »

techpression wrote: post #18
cjs_ac wrote: post #3

> The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all over our Union. So that business can operate across Member States much more easily. Our entrepreneurs, the innovative companies, will be able to register a company in any Member State within 48 hours – fully online. They will enjoy the same capital regime all…

As a Swede the third one is terrifying, unifying the energy market has been catastrophic for us, both price and environment wise. The latest is added taxes due to choke points designed by EU from the first place..

It's the Euro all over again, mostly because of this:

> Just look at the dispersion of prices across European electricity hubs.

Same Swedes were complaining (and still are!) about having to bail out the poorer members of the Union, should Sweden adopt the Euro and have a tighter integration with the Eurozone.

The common motivation of the EU is to smooth out these things across the countries, so we don't have these wild differences between countries. That might mean electricity gets more expensive for some members, and cheaper for others, but overall should lead to better usage across everyone. Basically socialism, applied to energy, so if you're OK with that for people, health and other things, maybe it makes sense to be fine with it for energy too?

Re: EU–INC – A new pan-European legal entity

#37

Post by embedding-shape »

mono442 wrote: post #30
cjs_ac wrote: post #3

> The ultimate aim is to create a new truly European company structure. We call it EU Inc., with a single and simple set of rules that will apply seamlessly all over our Union. So that business can operate across Member States much more easily. Our entrepreneurs, the innovative companies, will be able to register a company in any Member State within 48 hours – fully online. They will enjoy the same capital regime all…

Energy is expensive because burning fossil fuels is expensive due to taxes. A coal power plant pays around two times more for emissions than for the coal itself. They're trying to solve a problem which they have created themselves in the first place.

So you suggestion is to remove the taxes and go back to mostly using coal for power? Or what's the suggestion here? Because those taxes are there because of the pollution, so unless you have better way of getting rid of the pollution yet using coal for power, I'm not sure there is something better than trying to tax it away so other source can be focused by business and industry instead.

Re: EU–INC – A new pan-European legal entity

#38

Post by jcfrei »

pshirshov wrote: post #22

Yes, it's in the works. Probably in just 3 to 5 years they could open a working group to outline an agenda for a committee which would prepare blueprints of the primary proposals.

This is exactly how its going to go. But the reason is not lazy bureaucrats but that a lot of countries fear they will lose out on taxes from corporations currently domiciled in their country. Of course another big source of friction is different labour laws in different countries. And there's no way these are going to be touched. And of course banks will also oppose the unified capital market because they fear losing fees from their domestic customers to better banks in other countries.

Re: EU–INC – A new pan-European legal entity

#39

Post by RandomLensman »

noosphr wrote: post #28
embedding-shape wrote: post #8

Earlier quoted context omitted.

Sounds like a German problem. When I last set up a company in Sweden I literally went to web UI and clicked "Create Company" basically, filled in some details and it was done. Similar experience in Spain, fill out 2-3 forms and it's done. How much more process could the German government really add here? Reviews and interviews, or what exactly is the bureaucracy you're complaining about here?

It takes 8 weeks from start to finish to be able to get paid for your first sale as a German limited liability company. People outside of Germany really have no idea how sclerotic the state is. Mean while Germans suffer from the brain damage of having lived there their whole lives and don't see a problem with this. If you think brain damage is too strong a word, the last time I brought it up a bunch of Germans came o…

What type of company structure was that?
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