Setting up a company in the EU becomes cheaper and simple

EPA/FOCKE STRANGMANN

Two men use a notebook laptop computer and a smartphone at the CeBIT computing trade fair in Hanover, northern Germany, 21 March 2017. Reports state that more than 3.000 exhibitors from 70 countries are showing their products and solutions at the fair which expects to see about 200.000 visitors from 20 to 24 March 2017.

Setting up a company in the EU becomes cheaper and simple


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The Council of the EU adopted on 13 June a directive that facilitates and promotes the use of online tools in the contacts between companies and public authorities throughout their life cycle.
The new rules include higher level of digitalization in the procedures of setting up a company and in the access of information. The directive also sets out the necessary safeguards against fraud and abuse in online procedures, including control of the identity and legal capacity of persons setting up the company.

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