By: Nana
Appiah Acquaye
The European Commission has
introduced the 28th Regime and its core initiative, EU Inc., aimed at making it
easier for businesses to operate and scale across Europe. The program offers a
modern, digital-by-default company framework that supports the full lifecycle
of a business, from establishment to growth and eventual winding down, while
ensuring compliance with European tax, labour, and consumer protection
standards.
Henna Virkkunen, Executive
Vice-President for Tech Sovereignty, Security and Democracy, noted that the
initiative addresses broader barriers beyond company law, including simplifying
taxation, improving access to talent through flexible labour mobility, cutting
red tape with digital tools like the Business Wallet, and strengthening legal
certainty via specialised courts.
The launch builds on
strategies such as the Competitiveness Compass, the Start-up and Scale-up
Strategy, and the Single Market Strategy, reinforcing Europe’s commitment to
helping businesses grow, remain, and thrive across the continent.
