48 Hours, €100, Zero Notary: How EU Inc Works
A Radically Simplified Registration Process
One of the most striking aspects of the EU Inc proposal is how dramatically it simplifies the process of starting a business. Where traditional company formation in Europe often involves weeks of paperwork, multiple professional intermediaries, and thousands of euros in fees, EU Inc promises to cut through all of that.
Step-by-Step: How to Register an EU Inc
Step 1: Digital Application
Everything begins online. The founder accesses a centralized EU digital platform — no need to visit any physical office. The application form is standardized across all member states, meaning the same process applies whether you're registering from Lisbon or Helsinki.
Step 2: Identity Verification
The applicant's identity is verified through the eIDAS framework — the EU's existing electronic identification system. If you already have a national digital ID (which is increasingly common across Europe), this step takes minutes.
Step 3: Standard Articles of Association
Instead of hiring a lawyer to draft custom articles of association, EU Inc provides pre-approved template statutes. These cover the most common governance structures and can be adopted without modification. For founders who want custom arrangements, modifications are allowed but may trigger additional review.
Step 4: Minimum Capital
The minimum share capital requirement is just €1. This is a dramatic departure from countries like Germany (€25,000 for a GmbH) or even the more startup-friendly jurisdictions. The low threshold removes one of the biggest barriers for bootstrapped founders.
Step 5: Registration Confirmation
Within 48 hours of submitting a complete application, the company is registered and receives its EU-wide legal identity. The total cost is capped at approximately €100 in administrative fees.
What You Get After Registration
Once registered, an EU Inc benefits from:
- A single legal identity recognized across all 27 EU member states
- No need for local subsidiaries — you can operate cross-border with your single EU Inc
- Standardized reporting requirements that don't change from country to country
- Access to the EU-ESOP framework for employee stock options
- Digital-first governance — board meetings, shareholder votes, and corporate decisions can all be conducted online
What About the Registered Office?
An EU Inc must have its registered office in an EU member state, but it can freely move this office between member states without dissolution and re-registration. This cross-border mobility is another significant advantage over national company forms.
No Notary — Really?
Yes. The proposal explicitly eliminates the notarial requirement for company formation. This is perhaps the most controversial aspect in countries with strong notarial traditions, but the Commission argues that digital verification provides equivalent safeguards at a fraction of the cost and time.
The elimination of notarial requirements alone could save European entrepreneurs an estimated €2-5 billion annually in formation costs.
What It Doesn't Cover
It's important to note that EU Inc governs company law only. Tax obligations, employment law, and sector-specific regulations still follow the rules of the member state where you operate. This means tax planning still requires local expertise, but the corporate structure itself is dramatically simplified.
Source: Trending Topics EU
Source: Trending Topics EU