EU Inc. Does an EU Inc. need a notary? The draft's answerBelgium: no minimum capitalBulgaria: start a ООД with €1Croatia: formed fully onlineCyprus: no minimum capitalCzechia: start an s.r.o. with CZK 1Estonia: start an OÜ with €0.01Finland: no minimum capitalFrance: start an SAS with €1Germany: €25 000 minimum capital for a GmbHGreece: no minimum capitalHungary: no notary neededIreland: no minimum capitalItaly: start an s.r.l. with €1Latvia: formed fully onlineLithuania: no notary neededMalta: no notary neededNetherlands: no minimum capitalPoland: PLN 5 000 minimum capital for an Sp. z o.o.Romania: no notary neededSlovakia: €5 000 minimum capital for an s. r. o.Slovenia: €7 500 minimum capital for a d.o.o.Spain: start an SL with €1Sweden: no notary neededEU Inc. Does an EU Inc. need a notary? The draft's answerBelgium: no minimum capitalBulgaria: start a ООД with €1Croatia: formed fully onlineCyprus: no minimum capitalCzechia: start an s.r.o. with CZK 1Estonia: start an OÜ with €0.01Finland: no minimum capitalFrance: start an SAS with €1Germany: €25 000 minimum capital for a GmbHGreece: no minimum capitalHungary: no notary neededIreland: no minimum capitalItaly: start an s.r.l. with €1Latvia: formed fully onlineLithuania: no notary neededMalta: no notary neededNetherlands: no minimum capitalPoland: PLN 5 000 minimum capital for an Sp. z o.o.Romania: no notary neededSlovakia: €5 000 minimum capital for an s. r. o.Slovenia: €7 500 minimum capital for a d.o.o.Spain: start an SL with €1Sweden: no notary needed
Open in Europe

Proposal — not yet law

Four things, under the draft: founders, a seat in the EU, articles of association, a name. Nothing in the text asks for a founder's nationality or a minimum capital. The one residence rule sits on the board: at least one director must live in the EU.

Who can found one

Article 3 says an EU Inc. may be formed by one or more natural or legal persons. A single founder is enough. A company can be a founder. The draft sets no nationality or residency rule for founders. That is the current text, not a settled right. The board is where residence comes in: Article 42 requires at least one of the directors to be resident in the Union. What a founder outside the EU faces today.

Where it has to sit

Article 9: the registered office and the central administration or principal place of business must both be in the Union. A letterbox address in one country and the real business outside the EU would not fit the text.

The articles of association

Founders can use the EU template articles or write their own. The template route is the fast one (Article 16); own articles take the ordinary route (Article 17). Each country keeps a control step before registration, administrative, judicial or notarial, or a mix (Article 14).

The name

Article 6: the name is followed by the mention "EU Inc." and must be sufficiently different from the names of companies registered as EU Inc. in any Member State and from other company names available through the registers' interconnection system (BRIS).

Capital

None required (Article 62). How that compares with GmbH, SRL, SAS and BV.

Online

Article 10: every procedure in the regulation can be carried out fully online. A person can be asked to appear only case by case, where identity falsification is suspected or where there is reason to doubt the legal capacity or the authority of the people acting for the company.

Sources

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