EU Inc. Proposal for Unified Corporate Framework

The European Union===European Commission has introduced 'EU Inc.', a legislative proposal to create a unified corporate framework across the European Union. This initiative, part of the '28th regime' strategy, aims to simplify company law, reduce regulatory fragmentation, and strengthen the EU's competitiveness. It will allow companies to be established digitally within 48 hours with minimal costs and no mandatory minimum capital. The framework seeks to streamline cross-border business expansion by offering a harmonised set of corporate rules, addressing the current complexity of navigating 27 different legal systems. Ursula von der Leyen emphasized the goal of fostering innovation and entrepreneurship. The proposal also includes simplified insolvency procedures and aims to improve access to investment and employee stock option schemes. While unifying corporate law, it respects national labor and social protections. The legislation will be negotiated by the European Union===European Parliament and EU member states, with an aim for agreement by the end of 2026.