Quick start for new companies
Photo: Markus Scholz/dpa/AP/TT

Quick start for new companies in the EU: start in 48 hours with a €100 fee

Just over a thousand kronor and 48 hours. The European Commission hopes no more than that should be required to start a business with a completely new business model.

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Under the name EU Inc. - roughly EU AB in Swedish - the proposal is being launched, which will save time and billions of euros for Europe's innovators.

Any entrepreneur should be able to start a business within 48 hours, from anywhere in the EU and completely digitally, President Ursula von der Leyen said at a press conference.

The fee should be a maximum of 100 euros and the company founder should be free to choose in which country the company is registered. Tax, labor market and other rules should apply as before - that is, depending on where the company operates and has any employees.

The goal is to have the model approved before the end of the year.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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