“Europe needs more tech startups. EU Inc. would greatly simplify the process of starting a business and facilitate growth beyond national borders,” says Bitkom President Dr. Ralf Wintergerst. “The strong support among founders shows that the EU is heading in the right direction. Now it’s time to implement these plans quickly and consistently across Europe.”
For EU Inc. to be truly successful and give the startup ecosystem a boost, founders believe it must, above all, enable expansion into other EU countries without the need for local subsidiaries—94 percent consider this very or somewhat important. Close behind is a purely digital and automated process via a one-stop shop (91 percent)—that is, a single point of contact on the part of the relevant authorities. 82 percent consider digital share transfers without a notary or other additional entities and individuals to be important, while 78 percent prioritize the free choice of a company’s registered office within the EU. About two-thirds of respondents believe that EU Inc. should offer a standardized EU-wide model contract for startup investments (69 percent), establish uniform regulations for the taxation of employee stock ownership (67 percent), and harmonize labor and social policy rules (67 percent). The ability to incorporate within 48 hours is also crucial for 67 percent of respondents to ensure the success of EU Inc. The planned low incorporation cost of 100 euros was mentioned least frequently; only 57 percent of founders consider this important. “It is crucial that the EU Inc. is not watered down in the upcoming political process and that the core regulations remain in place,” said Wintergerst.
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