Website: European Private Company (SPE)

The European Commission has presented a proposal for a Statute on a European Private Company ('SPE'). This new company form will enable small- and medium-sized enterprises (SMEs) to do business throughout the EU, with the aim of cutting costs and encouraging growth in this area.

The SPE has been designed to address the current onerous obligations on SMEs operating across borders, who need to set up subsidiaries in different company forms in every Member State in which they want to do business. In practical terms, the SPE would mean that SMEs can set up their company in the same form, no matter if they do business in their own Member State or in another. Opting for the SPE will save entrepreneurs time and money on legal advice, management and administration.

• Primary Source

ETUI-REHS: European Company: European Private Company (SPE) http://www.europeanprivatecompany.eu/home/

Wkipedia: European Private Company http://en.wikipedia.org/wiki/European_Private_Company

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