It's funny that the EU pretends not to be a sovereign entity or a state in its own right, but then sets up legal frameworks like this. Even in the US, you can't set up a corporation at the federal level: apart from a handful of entities chartered via special acts of Congress, a business entity must exist under the laws of a particular state.
It’s a mix, some competences lie more with the EU, some remain more, or exclusively, with the member states: https://en.wikipedia.org/wiki/Competences_of_the_European_Un....
Importantly, foreign policy and defense lies more with the member states. In addition, proposals by the European Commission must be approved by the Council (consisting of executives of all member states) in a qualified majority (at least 55% of member states and representing at least 65% of the total EU population) or in some cases unanimously.
EU is not a sovereign entity or a state but it needs to be and this is one step in that direction. EU eurocrats worked with the people affected of this and put together a proposal and the elected officials of each member state will vote on this.
Anyway, I don't know about the exact wiring of this but an alternative can be to create a virtual country with its own law, sign a trade agreement with the country to give it full access to the EU market and even some special rights and achieve the same effect of getting rid of the regulations and bureaucracy. These arrangements can be very interesting, like the City of London which is like a country inside London that is actually a corporation. Very weird things are possible.
You can easily hire a person from Ohio to work for your company incorporated in California without having a separate legal entity in Ohio. Not the case in EU.
> Even in the US, you can't set up a corporation at the federal level:
This is only because the drafters of the US constitution didn’t think to list corporations law as an enumerated power of Congress - I don’t think they omitted it out of an ideological conviction, simply because nobody thought of it at the time. That said, given SCOTUS’ expansive reading of the interstate commerce clause, there’s a decent chance SCOTUS would let them get away with a federal corporations law, but they’ve never had the political will to attempt a general federal incorporation law
The drafters of the Australian constitution did list corporations law as a power of the federal government-but they were working over a century later, and they studied the US system intently to try to identify what worked and what mistakes to avoid. However, it took until 1989 for a federal corporations law to be enacted, and then the High Court ruled in 1990 that the new federal corporations law was unconstitutional, because the corporations power in the constitution only authorised federal regulation of existing domestic corporations, not the act of incorporating them - however, this was fixed by a federal-state agreement voluntarily ceding corporations law power to the Commonwealth (this is another innovation the Australian constitution has compared to the US - the ability of the federal level to gain new enumerated powers without constitutional amendment, by the states voluntarily agreeing to cede them)
> The objective is to enable innovative companies to operate under a single, harmonised set of EU-wide rules, covering relevant aspects of corporate, insolvency, labour and tax law.
A good idea in theory
> legal framework provides faster (within 48 hours), cheaper (maximum EUR 100) and fully digital company registration, simplified procedures throughout the company life cycle
Did not expect this
.
If they deliver, this might actually make startups in europe a bit more common
Even if it falls short on the ideal implementation via a regulation rather than a directive (the former mandating all states to adhere to a single implementation and the latter defining a framework that can be implemented by member states) this is still a huge accomplishment and a step in the right direction.
And all done as a grass roots effort from a few dedicated and motivated folks like Andreas Klinger.
Exactly. Even if all it ends up amounting to is the stuff in the last paragraph of the summary, that would be huge.
The EU has a long history of doing things like this -- forcing the hand of national governments to do what they all knew needed to be done, but lacked the political willpower or mandate. Freeing monopolist-dominated or coddled industries like telecoms, delivery, airlines, railways would never have happened without the EU.
Will I be able to freely move between EU countries when I own such a company or will Germany tax 340% of the average profit of the last three years for doing so as they do now? People with German GmbH are essentially unable to move anywhere.
Another take to deny the need of a POLITICAL union. Anyway a large slice of the issue lay in the many different social security systems, the vastly different inheritance tax regimes (zero inheritance tax for some states, over 80% for others) and so on, having a company that exists as a state unto itself, but with employees from another state subject to its rules, doesn't simplify things; it only complicates them.
What is needed is the arrest of the Commission for a coup d'état and high treason, with its powers being transferred to the European Parliament.
I bet not, because you don’t know their laws, and you don’t want to litigate in Croatian. You also don’t know the tax implications and chance is you will only find out when it’s too late.
So if an EU Inc happens, it needs to be based on a shared English law, otherwise it doesn’t change much
The first policy of the last 20 years by this gerontocratic, bureaucratic, and corrupt institution, that makes sense.
> The objective is to enable innovative companies to operate under a single, harmonised set of EU-wide rules, covering relevant aspects of corporate, insolvency, labour and tax law.
Especially the last two topics are the nitty gritty details, subject to day-to-day populism by local politicians. It’s why „relevant aspects“ dampens my hopes.
Sometimes I wonder if we should just reduce the EU to a non-geographical sovereign state with which EU countries have a shared agreement. I‘d the incorporate within this state, have it taxed and regulated there. Sort of like a mixture of the City of London and the Holy See.
With the naming of “28th Regime”, I think they should have named it like “0th Regime”, or “Zero Regime”, or “99th Regime.” What if another country or two or more are added in the future? They will be on the 29, 30th, and so on.
Question: Anyone know if this is open internationally or is just for European Residents?
Let say I would like to start making good chees... In what 28^th regime even helps me ?
It imagines new registry so OBVIOUSLY any company in existence will need to do additional work to re-register itself and plaster that number on all invoice issued. You will see.
So all that years of meetings and documents and laws are just to instruct clerks how to handle additional work to workers ?
How about "destroing barriers" for doing business ? For example WHY THE FUCK EVERY COW NEED TO HAVE A FUCKING eu PASSPORT YOU MORONS ????????? Do milk is cheaper that way ? Do hard working agriculture peoples asked for this ? Or you just trying to get rid of agriculture businesses ? And now more stupidity to send in "digit" form ??
So more "digital services" bureaucrats can juggle all months and years and push into workers throats ? How wasting a time helps EU ?? In which reality things bureaucrats do helps small business peoples ? How new register number helps in anything ???
You aware that only way to re-industrialization is to have a lot of WORKING small businesses ? You know difference between "created" startups and existing businesses ? Startups often do not know when they are doing and giving money to "starting business" just ups statistics in temporal number of paper preparing "businesses". 20 years of doing that practice didn't improve anything.
> "attract private investment through common fast, digital and cost-
effective procedures"
Do you even know how that thing "business" works ? peoples do things that business domain requires. Now you know. And _ANY_PAPER_WORK_FOR_GOVERMENT_AND_CONTROLING_INSTITUTIONS_OR_JUST_TO_PUT_IT_INTO_PAPER_STACK_BECOUSE_SOME_MORON_IMAGINED_MORE_PAPER_FORMS_END_PROCEDURES_NOW_ALSO_IN_DIGITAL
... is wasting time that can be used for business domain. or research and innovation.
So more perfect procedures for whom exactly ????????? To consume by time wasters , right ?
28 comments
[ 3.5 ms ] story [ 52.3 ms ] threadAnyway, I don't know about the exact wiring of this but an alternative can be to create a virtual country with its own law, sign a trade agreement with the country to give it full access to the EU market and even some special rights and achieve the same effect of getting rid of the regulations and bureaucracy. These arrangements can be very interesting, like the City of London which is like a country inside London that is actually a corporation. Very weird things are possible.
https://en.wikipedia.org/wiki/Societas_Europaea
This is only because the drafters of the US constitution didn’t think to list corporations law as an enumerated power of Congress - I don’t think they omitted it out of an ideological conviction, simply because nobody thought of it at the time. That said, given SCOTUS’ expansive reading of the interstate commerce clause, there’s a decent chance SCOTUS would let them get away with a federal corporations law, but they’ve never had the political will to attempt a general federal incorporation law
The drafters of the Australian constitution did list corporations law as a power of the federal government-but they were working over a century later, and they studied the US system intently to try to identify what worked and what mistakes to avoid. However, it took until 1989 for a federal corporations law to be enacted, and then the High Court ruled in 1990 that the new federal corporations law was unconstitutional, because the corporations power in the constitution only authorised federal regulation of existing domestic corporations, not the act of incorporating them - however, this was fixed by a federal-state agreement voluntarily ceding corporations law power to the Commonwealth (this is another innovation the Australian constitution has compared to the US - the ability of the federal level to gain new enumerated powers without constitutional amendment, by the states voluntarily agreeing to cede them)
That means there’s no barrier to movement.
It’d also possible to reincorporate relatively easily.
A good idea in theory
> legal framework provides faster (within 48 hours), cheaper (maximum EUR 100) and fully digital company registration, simplified procedures throughout the company life cycle
Did not expect this
.
If they deliver, this might actually make startups in europe a bit more common
And all done as a grass roots effort from a few dedicated and motivated folks like Andreas Klinger.
The EU has a long history of doing things like this -- forcing the hand of national governments to do what they all knew needed to be done, but lacked the political willpower or mandate. Freeing monopolist-dominated or coddled industries like telecoms, delivery, airlines, railways would never have happened without the EU.
What is needed is the arrest of the Commission for a coup d'état and high treason, with its powers being transferred to the European Parliament.
I bet not, because you don’t know their laws, and you don’t want to litigate in Croatian. You also don’t know the tax implications and chance is you will only find out when it’s too late.
So if an EU Inc happens, it needs to be based on a shared English law, otherwise it doesn’t change much
> The objective is to enable innovative companies to operate under a single, harmonised set of EU-wide rules, covering relevant aspects of corporate, insolvency, labour and tax law.
Especially the last two topics are the nitty gritty details, subject to day-to-day populism by local politicians. It’s why „relevant aspects“ dampens my hopes.
Sometimes I wonder if we should just reduce the EU to a non-geographical sovereign state with which EU countries have a shared agreement. I‘d the incorporate within this state, have it taxed and regulated there. Sort of like a mixture of the City of London and the Holy See.
Question: Anyone know if this is open internationally or is just for European Residents?
It imagines new registry so OBVIOUSLY any company in existence will need to do additional work to re-register itself and plaster that number on all invoice issued. You will see.
So all that years of meetings and documents and laws are just to instruct clerks how to handle additional work to workers ?
How about "destroing barriers" for doing business ? For example WHY THE FUCK EVERY COW NEED TO HAVE A FUCKING eu PASSPORT YOU MORONS ????????? Do milk is cheaper that way ? Do hard working agriculture peoples asked for this ? Or you just trying to get rid of agriculture businesses ? And now more stupidity to send in "digit" form ??
So more "digital services" bureaucrats can juggle all months and years and push into workers throats ? How wasting a time helps EU ?? In which reality things bureaucrats do helps small business peoples ? How new register number helps in anything ???
You aware that only way to re-industrialization is to have a lot of WORKING small businesses ? You know difference between "created" startups and existing businesses ? Startups often do not know when they are doing and giving money to "starting business" just ups statistics in temporal number of paper preparing "businesses". 20 years of doing that practice didn't improve anything.
> "attract private investment through common fast, digital and cost- effective procedures"
Do you even know how that thing "business" works ? peoples do things that business domain requires. Now you know. And _ANY_PAPER_WORK_FOR_GOVERMENT_AND_CONTROLING_INSTITUTIONS_OR_JUST_TO_PUT_IT_INTO_PAPER_STACK_BECOUSE_SOME_MORON_IMAGINED_MORE_PAPER_FORMS_END_PROCEDURES_NOW_ALSO_IN_DIGITAL
... is wasting time that can be used for business domain. or research and innovation.
So more perfect procedures for whom exactly ????????? To consume by time wasters , right ?