EU Inc.: A new harmonised corporate legal regime

Will I be able to freely move between EU countries when I own such a company or will Germany tax 340% of the average profit of the last three years for doing so as they do now? People with German GmbH are essentially unable to move anywhere.

It's funny that the EU pretends not to be a sovereign entity or a state in its own right, but then sets up legal frameworks like this. Even in the US, you can't set up a corporation at the federal level: apart from a handful of entities chartered via special acts of Congress, a business entity must exist under the laws of a particular state.

Even if it falls short on the ideal implementation via a regulation rather than a directive (the former mandating all states to adhere to a single implementation and the latter defining a framework that can be implemented by member states) this is still a huge accomplishment and a step in the right direction.

And all done as a grass roots effort from a few dedicated and motivated folks like Andreas Klinger.

So this basically makes the Estonian e-residency program obsolete?

I was looking into using tokenize.it to get some of these benefits for a German GmbH. But I guess this eu inc will take years beige it exists.

> The objective is to enable innovative companies to operate under a single, harmonised set of EU-wide rules, covering relevant aspects of corporate, insolvency, labour and tax law.

A good idea in theory

> legal framework provides faster (within 48 hours), cheaper (maximum EUR 100) and fully digital company registration, simplified procedures throughout the company life cycle

Did not expect this

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If they deliver, this might actually make startups in europe a bit more common

The only antidote to bureaucracy is more bureaucracy.

I don't like the limited liability construct. There needs to be full liability shared between all stakeholders.