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The United States and China lead the global start-up scene. Together, they make up about 70% of the world’s high-value venture capital deals.
Europe, on the other hand, falls behind and has trouble turning strong research and talent into global companies. One big reason is fragmentation. With 27 different company law systems, it is difficult for startups to grow and expand across borders. Bureaucracy and tax delays also slow down scale-ups, discourage investment, and make it hard to attract and keep talent.
The EU-INC plans to change this situation. It would offer a single European company structure alongside current national system. Using one EU-wide online portal, companies could be set up in 48 hours and would have the right to operate anywhere in the union.
Although still in its early stages, the proposal has already received positive feedback. The 2024 EU-INC petition grew from 15,000 signatures to over 23,000 supporters in the tech start-up community. Member states have not yet shared their views, possibly because they see it as affecting national powers.
Want to know how the EU-INC will work in practice and what benefits it could offer to European investors and founders? Ask the Euronews AI chatbot!