Tracking the path from Commission proposal to first EU Inc. registrations.
Last updated:
| Milestone | Date | Status |
|---|---|---|
| EU Inc. campaign launchOpen letter from founders and investors calling for a pan-European company form.Source | October 2024 | Complete |
| European Parliament recommendations adopted (492–144)2025/2079(INL) · Vote: 492-144Source | 20 January 2026 | Complete |
| Commission announcement at Davos | 20 January 2026 | Complete |
| Commission proposal publishedA Regulation, directly applicable in all 27 member states with no national transposition.COM(2026) 321 final — 2026/0074(COD)Source 1Source 2 | 18 March 2026 | Complete |
| JURI rapporteur appointedRené Repasi (S&D, DE)Source | 23 April 2026 | Complete |
| Commissioner presents the proposal to JURIFirst committee exchange of views with Commissioner McGrath. | 4 May 2026 | Complete |
| Committee referral announced in plenarySource | 18 May 2026 | Complete |
| Council Working Party begins technical examinationST 9684/26Source | 2 June 2026 | Complete |
| JURI draft report tabledThe rapporteur's opening rewrite, not yet the committee's position.PE790.143v02-00 · René Repasi (S&D, DE) · 246 amendments | 29 June 2026 | Complete |
| Council Working Party sessions and Presidency compromiseWorking Party on Company Law met on 2, 8 and 23 July; a Presidency compromise text was circulated.ST 11829/26 | 2 July 2026 – 23 July 2026 | Complete |
| JURI consideration of the draft report | 15 July 2026 | Complete |
| ECON opinion adopted (by letter)Opinion of the Committee on Economic and Monetary Affairs, delivered in letter form.PE788.878 · Vote: 34-13-9 | 15 July 2026 | Complete |
| EESC adopts its mandatory opinionINT/1123-EESC-00744-00-00-ACSource | 15 July 2026 | Complete |
| JURI amendment deadline | 17 July 2026 | Complete |
| Amendments tabled in JURI publishedFive documents with amendments numbered 247 to 1664.PE791.127 – PE791.131 · 1418 amendmentsSource 1Source 2 | 22 July 2026 | Complete |
| JURI consideration of amendmentsThis site previously listed 7 September 2026 for this step without citing a source. JURI's published summary of its 7 September meeting does not mention EU Inc., and the procedure file still shows the file awaiting a committee decision; we could not confirm that the amendments were considered that day.Source 1Source 2 | 7 September 2026 (provisional) | Estimate |
| Working Party examines the second Presidency compromiseThe Irish Presidency put a second compromise text to member states in early September, and the Working Party on Company Law examined it on 10 September; a further session was scheduled for 17 September. The text is not public. Trade reporting says it clarifies the employee stock option scheme, leaves member states free to choose how they organise preventive controls, and would require an EU Inc. to declare its principal place of business annually.Source 1Source 2Source 3 | 10 September 2026 (provisional) | Complete |
| EMPL opinion added to the fileThe Legislative Observatory records this as the committee opinion of the Committee on Employment and Social Affairs, not the draft opinion that circulated in June under the same number. Opinion rapporteur: Johan Danielsson (S&D). The committee's vote and the text of the opinion were not published in a source we could open.PE788.967 · Johan Danielsson (S&D, SE)Source | 11 September 2026 | Complete |
| Competitiveness Council: information from the PresidencyThe provisional agenda of 9 September lists EU Inc. under any other business, as information from the Presidency on current legislative proposals, not as a policy debate. Trade reporting attributes this to insufficient progress on the file: ministers are to receive an information update rather than debate it.CM 4008/26Source 1Source 2 | 24 September 2026 (provisional) | Upcoming |
| JURI committee voteSeptember is our own estimate, and we are keeping it until a date is published. The Legislative Observatory still lists none. Trade reporting says the rapporteur proposed moving the vote from 28 September to 8 October, but no Parliament document confirms that date, so we have not moved this milestone to October.Source 1Source 2 | September 2026 (estimate) | Upcoming |
| Plenary sittingIndicative first-reading plenary date in the Legislative Observatory, not a confirmed vote.Source | 19 October 2026 (indicative) | Upcoming |
| Regulation enters into force | 2027 – 2028 (estimate) | Estimate |
| Trilogue negotiations | 2027 (estimate) | Estimate |
| First EU Inc. registrations | 2028 – 2029 (estimate) | Estimate |
Procedure file: 2026/0074(COD) on the European Parliament's Legislative Observatory. Entries without a source link carry the official document reference instead.
Each point below is tagged with where it comes from. The Commission's text is the starting point, not the final law — several of these are already disputed in Parliament or in committee opinions. See the glossary for unfamiliar terms.
A Regulation — directly applicable in all 27 member states, with no national transposition.
€0 — no paid-in share capital at incorporation, with creditor safeguards as a counterbalance.
Disputed · Parliament draft report · 2025/2079(INL)
Parliament's own earlier own-initiative report asked for a €1 minimum. The rapporteur has pushed to tighten safeguards around the zero-capital model.
Fast-track registration in 48 hours for a maximum €100, requiring the standard articles template and natural-person founders.
Fully digital, with member states prohibited from requiring a notary.
Modern early-stage instruments such as SAFEs are explicitly permitted.
The proposal does not prohibit an EU Inc. from listing its shares.
Disputed · Parliament draft report · PE790.143v02-00
The draft report bans trading EU Inc. shares on public venues.
Disputed · Committee opinion · PE788.878 (ECON)
ECON asks that EU Inc. companies be allowed access to public markets — multilateral trading facilities and regulated markets — directly against the draft report's ban.
Available to any natural or legal person — not restricted to startups.
Disputed · Parliament draft report · PE790.143v02-00
The draft report makes eligibility a hard rule, with a numeric startup definition and a list of excluded sectors.
An optional, EU-wide employee stock option scheme with taxation deferred until the shares are sold.
Disputed · Committee opinion · PE788.878 (ECON)
ECON asks for the scheme to be mandatory and for options to be taxed on disposal as capital income.
Article 4 links the company to the national law of its registered office for matters the Regulation does not cover.
Disputed · Parliament draft report · PE790.143v02-00
The draft report deletes Article 4, replacing it with a labour-law firewall and designated national gap-filler forms.
The proposal contains no dedicated steward-ownership or asset-lock form.
Disputed · Parliament draft report · PE790.143v02-00
The draft report introduces ownership forms absent from the Commission text, including a steward-owned EU Inc.
Corporate tax stays entirely national. The proposal harmonises no tax base.
Disputed · Committee opinion · PE788.878 (ECON)
ECON asks for an optional tax module with a single consolidated tax base and centralised VAT and withholding — by enhanced cooperation if necessary.
National courts interpret the Regulation. There is no dedicated EU Inc. court.
Employment law follows the country of the registered office; the proposal adds no co-determination rules of its own.
Disputed · Parliament draft report · PE790.143v02-00
The draft report strengthens co-determination and adds measures against abuse.
8 of the 13 points above are disputed. These are the ones most likely to change before the Regulation is adopted.
The Commission has stated its aim: political agreement by end of 2026, operational rollout by 2028. Based on typical EU legislative timelines for legislation of this complexity — involving Parliament, Council, and trilogue — a more realistic estimate is entry into force in 2027–2028, with first registrations available to founders in 2028–2029. Major EU corporate law legislation has historically taken 3–5 years from proposal to entry into force.