With 492 votes in favour, 144 against and 28 abstentions, MEPs adopted a series of recommendations on Tuesday that will feed into the Commission proposal for a new legal framework supporting companies in the EU that is expected in the coming months. Under this anticipated new framework, EU countries would be able to either create a new corporate form or incorporate EU-wide rules into an existing one. MEPs insist on a single harmonised set of rules known as the “28th regime” to ensure a level playing field for businesses across the EU.

Fast digital registration

This Unified European Company (S.EU) would apply to non-listed limited liability companies based in one of the 27 EU countries. Registration of an S.EU should be fully digital and able to be completed in 48 hours, requiring a minimum paid-in capital of only one euro. To promote the seamless operation of S.EUs within the internal market, including digital communication with authorities and digital information for…