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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

#301

Post by xinayder »

tggycom wrote: post #267
xinayder wrote: post #266

Er, what exactly is this? It's not mentioned anywhere for laypeople like me. Perhaps they should focus on explaining what this project is, before asking for people to spread awareness. How can you spread awareness about something you don't even know what it is?

There is a pretty good TL;DR on their "In-Depth Proposal" site: https://proposal.eu-inc.org/TL-DR-14d076fd79c581959325c8e52d...

Thanks, but from a quick glance I couldn't find it on the homepage. Also, it's a Notion document, they could instead just write all of these points on their landing page?

It reveals too much that this is actually done by amateurs. Heck, even the most basic business courses I took at a European uni show that this is NOT how you want to attract potential customers or investors.

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

#302

Post by psychoslave »

inanothertime wrote: post #261
matesz wrote: post #216

My Dear German friends, please accept that EU-inc is a massive boost for EU competitiveness. Continuing to block progress here only proves that the EU is good at making promises on paper but fails to deliver real change. The reason this "28th regime" actually works—and bypasses the previous vetos — is that it’s optional. It doesn’t try to force Germany to change its local GmbH laws or kill the notary system overnight…

National sovereignty is not national pride. Paying company taxes to the 28th regime evicts tax contributions to the company's home nation. Massive German tax money is already today used for non-national interests. EU-inc makes this only worse.

National sovereignty, like "we are able to feed people with food grown on our soils?"

Mercosur anyone?

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

#303

Post by bgnn »

_petronius wrote: post #264
apexalpha wrote: post #252

As a Dutch person I never understood this push until someone told me (and this is true in 2026!!!) that if you open a LLC (Gmbh?) in Germany you have to physically go to the notary and have a person READ OUT all the statutes to you. The whole process including banks accounts etc... can apparently take months in total. Personally I would not create "EU-INC" but just make all local entities legal in every country. Then…

This is true of all contract notarization in Germany (even when buying a house, jesus that is a slog), and although it is a bendy-banana level silly thing that people focus on, isn't actually the biggest problem in company founding here. MUCH more problematic is unfavorable tax rules making equity compensation difficult, capital requirements, legal/notary fees, and an investor class that is notoriously skittish. If y…

This here is the problem for most of EU countries.

We Dutch are proud how easy it is to do business here. Maybe, compared to some other countries. But starting a BV here and 1 month later finding a representative of a trade union (metal sector, which somehow semiconductors fall under together with car garages, petrol stations, steel factories..) and asking me to come to their office in person to explain what we do, and calculate how much their cut will be was weird at first. Of course being extremely busy with actual business, I forgot, and got a letter with an 100k Euros invoice attached. Apparently they assumed 15 employees with 45k gross salary, and thought this is a fair trade union contribution! When I didn't respond to that, while discussing it with our lawyers, they sent a fine over this invoice which made it 140k. This is all within 3-4 months of registering mind you! At the end the lawyers handled that, but yeah, what the hell..

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

#304

Post by Archelaos »

xinayder wrote: post #266

Er, what exactly is this? It's not mentioned anywhere for laypeople like me. Perhaps they should focus on explaining what this project is, before asking for people to spread awareness. How can you spread awareness about something you don't even know what it is?

I agree. It looks very unprofessional. No contact adress. No representative person. No explanation of the acronym "EU-INC". Big buzzwords, visions, clichés and self congratulation.

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

#305

Post by peterspath »

apexalpha wrote: post #252

As a Dutch person I never understood this push until someone told me (and this is true in 2026!!!) that if you open a LLC (Gmbh?) in Germany you have to physically go to the notary and have a person READ OUT all the statutes to you. The whole process including banks accounts etc... can apparently take months in total. Personally I would not create "EU-INC" but just make all local entities legal in every country. Then…

Same in the Netherlands for BV's. At least a few years ago, maybe it changed...

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

#306

Post by amunozo »

logicchains wrote: post #227
academia_hack wrote: post #168

It's inordinately difficult and expensive to start an LLC or SA in some EU countries. It's even difficult and expensive to _stop_ an LLC and dissolve it. Huge amount of risk and cost on founders and a huge distraction from running a business. I think that EU-Inc _could_ be an improvement, but it needs to avoid the committee laundry list of ideas/requirements/form fields that plagues the EU startup ecosystem. My worry…

>My worry is that the end result will require notarized declarations of honour, financial plans stretching decades into the future, 30 page business plan documents, reams of corporate governance documents, and tons of other nonsense to protect against the perceived risk that someone who failed at starting a business once fails a second time. That sounds like a really good use for AI.

It is, it is what I used in my PhD for dealing with the Spanish bureaucracy and university.

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

#307

Post by amunozo »

regularfry wrote: post #247
logicchains wrote: post #227

Earlier quoted context omitted.

>My worry is that the end result will require notarized declarations of honour, financial plans stretching decades into the future, 30 page business plan documents, reams of corporate governance documents, and tons of other nonsense to protect against the perceived risk that someone who failed at starting a business once fails a second time. That sounds like a really good use for AI.

"It is a mistake to optimise something that should not exist in the first place." - Elon Musk (apparently, although I would be astonished if Deming or Ohno hadn't said something similar)

I agree, but us individuals cannot change the system that easily. But we can use these tools.

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

#308

Post by tietjens »

oellegaard wrote: post #228

I have seen promotion of this idea multiple times but every time I read about it I fail to understand the gains. I’m based in Denmark and have incorporated multiple companies. It is very easy and digital and costs very little, even if you get a lawyer to do it for you. Maybe the issue is a few member states that are behind on digitalization? In my experience EU is better at setting the guidelines and then the member…

Have you started a company that took investment from funds located in other countries within the EU? That is the main focus of this idea. Lowering the barrier to investing in startups across EU nation states.

Austrian company and you want to take investment from a venture fund in X country? It'll get complicated very fast. That's part of what this trying to fix and make simple.

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

#309

Post by askonomm »

tietjens wrote: post #295
askonomm wrote: post #284

Earlier quoted context omitted.

That's crazy. Notarization in Estonia can be done entirely online using a digital signature, just like everything else here is done (including voting, getting married, getting divorced, filing taxes, opening/closing a company, etc). From all I hear Germany is still stuck in the 90s for some reason.

90s is charitable. Most important thing here is that nothing changes. Everything new is considered suspicious.

The weird thing is that, at least as an Estonian, I would've never expected this from Germany. Italy, Spain? Sure. Germany? That just feels weird.

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

#310

Post by xattt »

academia_hack wrote: post #168

It's inordinately difficult and expensive to start an LLC or SA in some EU countries. It's even difficult and expensive to _stop_ an LLC and dissolve it. Huge amount of risk and cost on founders and a huge distraction from running a business. I think that EU-Inc _could_ be an improvement, but it needs to avoid the committee laundry list of ideas/requirements/form fields that plagues the EU startup ecosystem. My worry…

> a complete application should be no longer than y pages

The monkey’s finger curls. All contract text is now sized at 2 points.

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