⚡ Incorporation
Under 24 hours. Fully digital. No notary, no lawyer, no bank account. One centralized EU registry.
48 hours via standardized templates. National registries stay, connected through BRIS. Notary "preventive control" preserved where countries want it.
close-ish
💰 Capital
Zero minimum capital. Multiple share classes. Delaware-style flexibility.
Zero minimum capital. Multiple share classes with different voting/economic rights. Flexible transfers without intermediaries.
nailed it
🏆 ESOPs
EU-ESOP. Taxed only at sale as capital gains. 409A safe harbour valuations. No dry taxation. Ever.
EU-ESO with deferred taxation (taxed at sale, not exercise). But specific tax rates & classification still per member state. Timing harmonized, rates not.
halfway
💻 Digital infra
API-first central registry. Open API for third parties. EU-Dashboard for cap tables, resolutions, share transfers.
BRIS with extra features. EU Digital Identity Wallet support. Online meetings. "Central digital register" coming later. No open APIs mentioned anywhere.
BRIS++
🌎 Cross-border
Instant recognition in all 27 states. Digital branch registration. No foreign entity re-registration.
Recognized upon formation. Online branch opening. Auto TIN/VAT. No apostille needed. Once-only principle across borders.
solid
🧾 Tax
Centralized reporting. BEFIT integration. Predictable cross-border profit allocation. One tax system to rule them all.
Regulation "is not intended to harmonise the fields of taxation." Full member state sovereignty. Your EU-Inc still needs 27 tax advisors.
lol no
📝 EU-FAST
Standardized open-source convertible instrument. A European SAFE. No debt, no interest, no maturity date. Download, sign, deploy.
The concept was acknowledged in the impact assessment. No instrument was created. No template. Nothing.
gone
⚖️ Courts
Dedicated EU-Inc fast-track courts. Mandatory ADR first. A European Court of Chancery.
Member states "should consider" establishing specialized chambers. Non-binding. No EU-level court. No ADR mandate.
consider
🏛️ Governance
One-tier board. No residency restrictions. Light-touch employee participation for small companies.
Board of one or more directors. At least one EU-resident director. Full co-determination rights preserved exactly as nationally incorporated companies.
modified
💀 Insolvency
Streamlined, digital winding-down aligned with EU-Inc.
Simplified insolvency. Digital auctions. Optional legal representation. Fast-track for solvent companies. Actually went further than the ask.
surprise W
🚨 Legal certainty
One central legal interpretation. EU-level dispute resolution. Predictable outcomes regardless of where you incorporate.
Interpretation deferred to national courts and local rules. 27 different possible outcomes for the same dispute. No EU-level legal authority for EU-Inc matters.
27 versions
🗃️ Unified registry
One unified registry from day one. Single source of truth. Productize legal expectations across the continent.
National registries stay. BRIS connects them, but each country maintains its own system, its own data standards, its own pace of digitization.
fragmented
🎯 True 28th regime
A regime that works independently of national systems. Covers the full lifecycle of a company. The benchmark: better than the global competition.
An EU regulation layered on top of 27 national systems. Tax, courts, registries, employment law all fall back to member states. It's a 28th option, not a 28th regime.
not yet