What is EU Inc.? The European Commission proposal aims to make it easier to start, grow and expand a business across the EU with simpler rules, digital registration and fewer barriers.
Backed by the European Commission under President Ursula von der Leyen, EU Inc. could allow companies to register within 48 hours for less than €100, attract investment more easily and operate across the EU under a more standardised framework, while national tax, labour and social rules continue to apply.
In this video:
00:00 Why expanding across the EU is complicated
00:16 What is EU Inc.?
01:02 Register a company in 48 hours for less than €100
01:20 Funding and investment
01:37 Tax, labour and social rules
02:07 What happens next
02:22 A simpler EU Single Market
Starting is easy. Getting help in the long run is much much harder and costly. You basically need to have connections and a good amount of money stashed up before doing anything, which limits the amount of people who can even start a business substantially.
Edit: this video is for existing businesses aiming to grow, not for real startups from small people.
This is not only for ‘scale-ups’ but also for start-ups that seek a single regime designed to cut the cross-border red tapes of 27 EU member countries.
As a EU citizen you can set up a business even as a sole-trader in any EU country as well as in Iceland, Norway and Liechtenstein within within 3 days for less than 100 euros.
If some likes reading more than watching videos, here is a good start: https://europa.eu/youreurope/business/lifecycle/starting/startups/index_en.htm