EU Inc (the 28th regime) · 2026/0074(COD)
Supports a 28th regime that enables diverse, sustainable, and responsible business models with strong ownership principles and future-proof financing, but wants it to go beyond Silicon Valley-style start-ups and include long-term entrepreneurship.
Allow companies of all sizes and types, not just VC-funded start-ups, to use the 28th regime, recognizing diverse business models including those without exit strategies.
“More than 30 % of European start-ups have no exit model at all. In the sustainable economy in particular, this diversity creates resilient forms of enterprise that ensure long-term stability and innovation.”
Feedback, 2025-09-22 · the Commission’s translation
Require credible assurance through mandatory oversight or membership of an independent audit association for companies using the regime.
“Credible assurance through mandatory oversight or membership of an independent audit association.”
Feedback, 2025-09-22 · the Commission’s translation
Create a standardized European financing instrument that is subordinated to debt, recognized as equity, with fixed or variable interest or profit-sharing, to finance responsible companies without undermining wealth and welfare principles.
“Future-proof financing is needed in order to combine ownership and capital markets with a standardised European financing instrument. This should be clearly regulated by law, as a contract between investors and companies, subordinated to debt, recognised as equity by the Member State, with a repayment date, fixed or variable interest or profit-sharing.”
Feedback, 2025-09-22 · the Commission’s translation
Enable key ownership principles such as separation of voting and profit rights, non-transferable voting rights, and limited distributions to investors.
“28th Enshrining the 28th regime EU regimes must allow companies of all sizes to voluntarily and irrevocably implement key ownership principles: Separation of voting rights and profit rights through the bonding of assets; Non-transferability and naked-in-naked-out voting rights; Appropriate distributions to investors limited in time or amount;”
Feedback, 2025-09-22 · the Commission’s translation
Recognize that ownership of responsibility makes companies attractive to talent seeking meaning, credibility, and fair structures, supporting sustainable transformation.
“Ownership of responsibility makes companies attractive for talent seeking sense, credibility and fair structures. This makes Europe a magnet for those professionals who want to make a sustainable transformation.”
Feedback, 2025-09-22 · the Commission’s translation
Open source underneath
WhoShapedIt is a thin layer on open-source packages. Star them, fork them, build your own micro.
Open-source context and state for AI: it keeps only what matters for the question.
In WhoShapedIt: Reads every lobby submission and position paper and each official text, cut into passages, and judges each passage against nine questions (who can use EU Inc, workers on the board, tax…), so every ask and every step is read on the passages that address it.
Open-source Svelte components for clean, accessible interfaces.
In WhoShapedIt: The status, the timeline, the theme picker, the camps of lobbies and the organisation pages.
Also built with SvelteKit · Vercel AI SDK · Zod