🚨𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: European Commission President Ursula von der Leyen unveiled EU–INC, a new framework that lets you launch a company in 48 hours for under €100
Starting a company across the EU today = 27 legal systems, 60+ company structures 🤯
That might be about to change…
The European Commission just introduced 𝗘𝗨 𝗜𝗻𝗰., a new optional corporate framework designed to make Europe actually function like one market.
Here’s what stands out:
→ Set up a company in 48 hours
→ Cost: < €100
→ Fully online, no minimum capital
→ One single framework across all EU countries
→ Easier share transfers & fundraising
→ EU-wide employee stock options (huge for talent)
Especially the EU-wide stock option plans, taxed only when employees actually sell (instead of when granted) is huge.
This makes it far easier for startups to attract and retain top talent, finally putting Europe closer to the US playbook.
Source/More info: https://t.co/8pI4gv0Hh7
In short: This is Europe trying to compete with the simplicity of a Delaware C-Corp 🇺🇸
And honestly… it’s long overdue.
For years, European founders had 2 choices:
1. Stay local and deal with fragmentation
2. Move to the US to scale
𝗘𝗨 𝗜𝗻𝗰. is trying to remove that trade-off.
If executed well, this could be one of the most important structural changes for European startups in decades.
What do you think?
The rational fear of those who dislike economic inequality is that the rich will convert their economic power into political power: that they'll tilt elections, or pay bribes for pardons, or buy up the news media to promote their views.
Hate the European Commission if you want.
But they are onto something here.
If @elonmusk really wants X to be about free speech he should go the extra mile here:
- Open source the algorithm
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Human-Computer Interaction (@sigchi) community: volunteer to be an AC for the @ACMUIST program committee in 2024 (I heard it will be the coolest UIST?).
Apply here: https://t.co/oC6tSe0S5e
(RT #UIST2024#CHI2024#AcademicTwitter#AcademicChatter & spread the word!)
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