> Local taxes & employment
Completely and totally defeats the purpose.
EU–INC – A new pan-European legal entity
181–190 of 761 posts
Re: EU–INC – A new pan-European legal entity
#182IMO this is half-measures. You wanna a strong EU? Merge the salaries and living standards from the north the south and west to east. Germans workers shouldn't blackmailed by auto-motive companies leaving for Poland unless they accept smaller salaries and vice-versa polish workers shouldn't emigrate to Germany to find a decent salary, pension, etc. Flat out these social differences and you'll have the social support y…
Ah yes. The simple thing of fixing all societal issues.
Re: EU–INC – A new pan-European legal entity
#183It'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 company should be able to register in x days
Which EU bureaucrats will fully pass by treating this as "a company should be able to register in x days once the full set of documents has been collected".
Re: EU–INC – A new pan-European legal entity
#184Unfortunately this does not override employment and tax laws - so you still cannot hire someone as an FTE in Paris, from a startup in Berlin for example (without them being a freelancer, or you opening a payroll / tax office in France).
But hopefully we can move towards that - standardised taxation (especially VAT and corporation tax would help massively here), the abolition of notaries, standardised requirements for document certification, and EU-wide digital ID so no need to fly in and sign in person.
Re: EU–INC – A new pan-European legal entity
#185There is nothing hindering European startups to raise money from all over Europe. Except that Europeans hate to invest in real businesses and love investing in real estate. American startups and businesses get investor money from all over the world, including from Europe. Willingness to invest in startups depends on the downstream of willingness to invest in business in general. If venture capital investors know that…
> American startups and businesses get investor money from all over the world, including from Europe.
Ah yes, the "real business" of American startups: losing billions of dollars a year with not even a business plan to turn a profit, in hopes of being acquired by a larger entity.
Re: EU–INC – A new pan-European legal entity
#186Earlier quoted context omitted.
I don't think you know how continents work. It's a bit like saying Canada isn't "North American".
It is pretty common, when discussing matters of law and business - not geography, to read "Europe" as "the union of Europe" and not "the continent of Europe". Much like "an American firm" doesn't mean Canadian or Brazilian. See comment above: > Its obviously EU I know how continents work. I don't think you know when contextual usages of language work.
I think you can see from this thread that there is a lot more ambiguity when talking of "Europe", and also pushback against using "Europe" to mean "EU". It's not obvious, that's why I asked the question. I'm not stupid but just living in a different context to you, apparently, and have reasons to push back against this misuse of the word "European".
One might have said the use of the word "American" was misuse engineered by US Americans, to make themselves the "main" America. But for many reasons I think the context is very different in Europe, especially since the obvious grab by EU institutions hasn't really worked among Europeans, even EU Europeans.
EDIT: Further to that "Pan-American" is well understood to not just mean the USA, so "Pan-European" cannot possibly mean the EU only except by very poor wording choices or a very political agenda.
Re: EU–INC – A new pan-European legal entity
#187It'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
Yes it will.
The vast army of bureaucrats in any country does whatever is in their power to make sure their specific requirements are included into the process. What do you mean they would like to open a 3D printing workshop with no Environmental Impact Study done?!
Re: EU–INC – A new pan-European legal entity
#188IMO this is half-measures. You wanna a strong EU? Merge the salaries and living standards from the north the south and west to east. Germans workers shouldn't blackmailed by auto-motive companies leaving for Poland unless they accept smaller salaries and vice-versa polish workers shouldn't emigrate to Germany to find a decent salary, pension, etc. Flat out these social differences and you'll have the social support y…
> It's very simple. Is it? I doubt it. There isn't a large country on earth where the salaries don't differ across regions.
It's probably the most complex and impossible to solve take, it's not even true in the US or any other place in the world.
It doesn't even work in a single country for the simple reason that governments have very different ideas how to redistribute taxes. If one country can't do it well, how could the EU?
Re: EU–INC – A new pan-European legal entity
#189I scrolled it high level but it does not look to me like this is solving any real problem and probably its creating new ones. Sure if you are cash strapped startup and can't afford getting a tax advice or an investor that does not want to pay for a due diligence this could save some money on paper. Most of the supposed benefit of this pan European legal entity seems problem that has been already solved in the real world. The same type of entity works more or less the same through out of Europe with mostly marginal difference, and sounds more like an excuse than anything. Of course each jurisdiction has is own jurisprudence which make the landscape more complex, but once you get a new type of "inc" you are going to get new jurisprudence, only that in this case you are going to be a lot of jurisdictions conflicts and potentially you might have to take into account multi-jurisdictions jurisprudence making everything even more complex. Also I would remove as second point an "EU-central registry", it's not exactly a killer feature considering that all the European registries are currently accessible from a single web page already.