Galway: EU Inc moved a step closer to reality on 23 October 2026, when the Council adopted its negotiating position on a new corporate law for innovative companies. The regime would give founders a 28th legal framework alongside the 27 national systems, and the position lets the Irish Presidency open talks with Parliament once MEPs settle their own text.
Companies could choose between their national corporate law and EU Inc. According to the Council press release, businesses would register online within two days for at most EUR 100 and then operate across the single market. The proposal belongs to the “One Europe, One Market” roadmap, which leaders reviewed at the European Council in October.
The Council kept the proposal’s main goals but simplified the framework. Ministers clarified the scope and the link to national and sectoral law, and they limited exchanges with national administrations to a minimum. They also streamlined the digital share register and applied the once-only and digital-only principles in a leaner way.
Safeguards got stronger as well. Checks apply at every stage of a company’s life, and member states may refuse registration on anti-money-laundering, counter-terrorist-financing or other criminal-activity grounds under national law. Critics who feared a shell-company shortcut will study that language closely.
On employee participation, EU Inc companies follow the rules of the member state where they have their registered office. An optional mechanism covers cases where a company passes participation thresholds in another member state where it operates. The Council also kept the EU employee stock-option plan but limited it to small mid-caps, defined as companies with 750 employees and EUR 150 million in annual turnover.
Taoiseach Micheál Martin said the position shows a “strong emphasis on improving Europe’s competitiveness”. He said Dublin hopes Parliament moves quickly so the measure becomes law as soon as possible.
The 2024 Draghi report and the 2023 Letta report both argued that fragmented company rules hold back scale-ups in Europe. The roadmap behind the proposal aims to remove the ten most harmful barriers to the single market. EU Inc is the headline test of that promise.
Parliament now holds the next move, because trilogue talks can begin only after MEPs adopt their position. Member states would get 21 months to implement the final text. Details on stock options, anti-abuse checks and employee participation can still shift in those negotiations.
For founders, the practical question is timing. Nothing changes today, so start-ups should follow the Parliament vote closely, since it sets the table for the final deal on EU Inc.





