|Author (Corporate)||Council of the European Union, European Parliament|
|Series Title||Official Journal of the European Union|
|Series Details||L 186|
Directive of the European Parliament and of the Council of 20 June 2019 setting up ways for EU companies to be able to register, set up new branches or file documents to the business register online.
Existing EU company law already includes certain elements of digitalisation such as the obligation for Member States to make available online information about limited liability companies featuring in different registers. However those requirements are seen as limited and lacking precision, leading to a very diverse implementation at national level.
Faced with a reality in which only 17 Member States provide a fully online procedure for registering companies, the Directive aims to allow companies across all EU Member States to register, set up branches or file documents to the business register online.
The proposal was presented by the European Commission on 25 April 2018 as part of the Digital Single Market (DSM) strategy and in the framework of the eGovernment Action Plan. An informal agreement between the co-legislators on a compromise text was reached on 4 February 2019. The Parliament formally endorsed it on 18 April, followed by the Council on 13 June.
|Subject Categories||Business and Industry, Law|
|Subject Tags||Company | Corporate Law, Digital Single Market [DSM]|
|International Organisations||European Union [EU]|