How Bio-based Industries Consortium lobbied on EU Inc
Supports, with changes
Business association · BEL
Supports a new simple EU company form for SMEs with fast, digital setup and flexible investment tools but wants symbolic capital, solvency tests, and strong digital procedures.
1 submission to the Commission · declared EU lobbying: €25,000–€49,999 last year.
Summaries are AI-written; the quotes are theirs, checked word for word.
What they asked for
Who can use it?
Backs it
Call for evidence (2025) · 30 Sep 2025
Create a simple limited-liability EU company form specifically for SMEs, fully recognized across all Member States, allowing single or multiple shareholders from the EU/EEA and seamless conversion in and out of national forms.
“Create a simple limited-liability form for SMEs such as a EU Company for SMEs (EUC-SME), fully recognized in all Member States. An EUC-SME could be created by single or multiple shareholders (natural/legal persons) across the EU/EEA, with a seamless conversion in/out from national forms.”
Enable incorporation within 48 hours using eIDAS/eID and the EU Business Wallet, applying the once-only principle, with online filing, remote general meetings, digital statutory books, and acceptance of English for core filings EU-wide.
Wants changes
Call for evidence (2025) · 30 Sep 2025
Ensure banking procedures include KYC and AML passporting for supervised entities, ban IBAN discrimination, and permit remote account opening.
“On banking, a Know Your Customer (KYC) and Anti-Money Laundering (AML) passporting is needed for supervised entities. Also, explicit ban on IBAN discrimination; remote account opening must be permitted.”
Automate VAT number and OSS/IOSS enrollment, standardize e-invoicing, and recognize remote e-signatures and digital company seals by all authorities.
“Operations: automatic VAT number + OSS/IOSS enrollment; EU-standard e-invoicing; remote e-signatures and digital company seals recognized by all authorities.”
Introduce EU-wide safe harbour rules for convertible notes and employee stock options with tax deferral until liquidity, standard templates, cap-table formats, and recognition of electronic shares (DLT-ready).
“Introduce EU-wide safe harbour for convertible notes/SAFEs and employee stock options (ESOPs) with tax deferral until liquidity; standard templates and cap-table format. ... recognition of electronic shares (DLT-ready).”
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