European founders and VCs urge lawmakers ‘to get EU Inc right’
European startup founders and venture capitalists are lobbying for a robust 'EU Inc' corporate statute to simplify cross-border business operations. They fear that current legislative negotiations may weaken the proposal's effectiveness.
Why it matters
A unified corporate framework could significantly reduce regulatory friction for European startups, potentially boosting the region's competitiveness against US markets.
Europe could soon have its own equivalent of the Delaware C Corp, but its advocates aren’t releasing the pressure on lawmakers. In an open letter released on Thursday, a who’s who of Europe’s startup scene stressed that this new corporate status shouldn’t be watered down.
The letter is the latest step of the EU Inc campaign, a movement calling for an EU-wide company statute that would let companies incorporate under a common framework and operate across the bloc. Its promoters have secured endorsements from the European Union’s top authorities, but now are expressing concern that the final legislation could become “unusable if its central features are weakened.”
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