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New rules would make setting up a company in the EU easier

Jaclyn Jaeger | February 6, 2019

EU co-legislators agreed this week on new rules to facilitate establishing businesses electronically and to promote online operations throughout a company’s lifecycle. The new rules aim to save companies time and money, while increasing safeguards against fraud and abusive behaviour through online identity checks.

“Both institutions stayed committed to the common goal: to give European entrepreneurs a modern, safe, and transparent environment to operate,” said Tadeusz Zwiefka, a member of the European Parliament. “However, we need to remember that this is just a first step. It is high time European entrepreneurs benefited from new technologies, especially in their cross-border activities. We must continue to cut red tape for SMEs and dismantle the obstacles that European businesses face in the common market.”

The new rules...

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