EU Inc (the 28th regime) · 2026/0074(COD)
Supports the 28th regime for a unified EU company form but wants it fully integrated with the European Trade Indexes Registry (EUTIR) to ensure digital trust and real-time data verification.
Integrate the 28th regime with the European Trade Indexes Registry (EUTIR) to provide a trusted digital infrastructure that ensures authenticity, interoperability, and real-time verifiability of corporate data across borders.
“Its full potential can only be realized by integrating it with the European Trade Indexes Registry (EUTIR). EUTIR serves as the essential digital trust infrastructure, ensuring the authenticity, interoperability, and real-time verifiability of corporate data across borders.”
Feedback, 2025-09-23
Ensure company incorporation is digital by default and completed within 48 hours, supported by eIDAS 2.0 and other digital identity standards to prevent fraud and speed market entry.
“Company incorporation within 48h, digital by default. Faster market entry and funding... Risk: identity fraud. Mitigation: eIDAS2, vLEI/LEI.”
Input-to-28Regime-2025-09-23.pdf, page 4
Apply the once-only principle and enable data exchange across Member States through systems like BRIS, EUID, and the EU Company Certificate to reduce duplication and improve data quality.
“Once-only principle + BRIS/EUID/EU Company Certificate. Less duplication for companies and investors (esp. KYC/AML). Improved data exchange across Member States.”
Input-to-28Regime-2025-09-23.pdf, page 4
Allow flexible governance structures with board and structure choices to better fit growth companies and align with investor needs, while maintaining transparency and safeguards.
“Flexible governance (board/structure choices). Better fit for growth companies; alignment with investor needs... Risk: abuse. Mitigation: transparency, minimum safeguards.”
Input-to-28Regime-2025-09-23.pdf, page 4
Simplify capital raising including multiple share classes to enable faster funding rounds and stronger investor protection, coordinated with registries and supervisors.
“Simplified capital raising (incl. multiple share classes). Faster funding rounds; stronger investor protection.”
Input-to-28Regime-2025-09-23.pdf, page 4
Facilitate cross-border operations and re-domiciliation to ease scaling across the EU and strengthen the home market narrative, with safeguards against forum shopping.
“Cross-border operations and re-domiciliation. Easier scaling across EU; stronger “home market” narrative... Risk: forum shopping. Mitigation: safeguards.”
Input-to-28Regime-2025-09-23.pdf, page 4
Enable fast-track closure and restart (‘fail fast’) to lower sunk costs and support healthier investment portfolios, with digital audit trails for closure and restart processes.
“Fast-track closure and restart (“fail fast”). Lower sunk costs; healthier investment portfolios... Provides auditable records for closure/restart processes.”
Input-to-28Regime-2025-09-23.pdf, page 4
Support simplified capital raising and faster access to capital for start-ups and scale-ups through digital verification and harmonised procedures.
“Its focus on streamlined incorporation procedures, simplified capital raising, and greater cross-border recognition of company structures represents a pivotal step towards enhancing Europe’s competitiveness.”
Input-to-28th-Regime-2025-09-30.pdf, page 2
Integrate the European Trade Indexes Registry (EUTIR) to provide a trusted digital layer that authenticates and verifies regulated datasets, reducing duplication and improving investor confidence.
“The European Trade Indexes Registry (EUTIR) directly reinforces these objectives by extending the same principles of simplification and harmonisation to the digital infrastructure of trade and compliance data. As a trusted EU-level registry for authenticating, indexing, and verifying regulated datasets, EUTIR provides the digital layer of certainty that companies and investors require to operate seamlessly across borders.”
Input-to-28th-Regime-2025-09-30.pdf, page 2
Ensure the 28th regime supports greater cross-border recognition of company structures to overcome fragmentation and scalability limits in the Single Market.
“Its focus on ... greater cross-border recognition of company structures represents a pivotal step towards enhancing Europe’s competitiveness.”
Input-to-28th-Regime-2025-09-30.pdf, page 2
Embed new corporate structures into a trusted digital ecosystem that aligns with EU digital legislation and the 'once-only' principle to reduce reporting duplication and improve legal certainty.
“By integrating EUTIR into the policy architecture of the 28th regime, the EU can ensure that new corporate structures are not only easier to establish and scale but also fully embedded into a trusted digital ecosystem. This connection reduces duplication of reporting, guarantees machine-verifiable authenticity of key datasets, and aligns with the “once-only” principle emphasised in EU digital legislation.”
Input-to-28th-Regime-2025-09-30.pdf, page 2
Base the 28th regime on strong legal foundations including mutual recognition of accreditation, use of qualified trust services under eIDAS 2.0, and ESMA supervision to ensure data authenticity, interoperability, and trust.
“One of the framework’s main strengths is the mutual recognition of accreditation decisions... requires all CSPs to use qualified trust services under the eIDAS 2.0 Regulation (EU) 2024/1183, ensuring data authenticity and non-repudiation... ESMA is tasked with maintaining and publishing the public registry of all CSPs linked to EUTIR.”
Input-to-28Regime-2025-09-23.pdf, page 19
Clarify the legal roles and supervisory mandates within EUTIR to avoid overlaps or gaps in authority, especially regarding ESMA’s role and the rights of competent authorities.
“This raises the question of whether this separation provides sufficient legal clarity to avoid overlaps or gaps in authority... Although ESMA is designated as the supervisory body, its precise mandate across multiple domains within EUTIR should be defined more clearly to avoid duplication of oversight responsibilities.”
Input-to-28Regime-2025-09-23.pdf, page 19
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.
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