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
No. Firstly, the 25k is for a GmbH, and another comment already said there needs to be “only” 12.5k at the start. Secondly, in theory, you don’t need to put in cash, could be some other value.
Thirdly, if you need a limited, you can also start an UG, where the base amount is 1€. Your only obligation is that you have to stock up to 25k over the course of time.
Fourthly, you can also start as non-limited (e.g. GbR or eK or anything else), where there is none of that anyway.
My personal gripe with starting (and ending) a company (limited) in Germany is this shitty notary system: like those leeches get thousands just for reading back the contracts I wrote myself to me. What is this nonsense? And then, if it doesn’t work out, I need to wait years before I can close shop again?!