50 CEOs and Investors Urge EU Not to Dilute Inc Law Before Year-End Deadline
Leaders from Index Ventures, Accel, and EQT warn the EU Inc law will lack impact if lawmakers weaken it further.
Fifty European company chiefs and investors sent a joint letter to Brussels on Thursday, demanding that legislators prevent any weakening of the proposed EU Inc legislation. The signatories represent firms including Index Ventures, Accel, Balderton, Atomico, and EQT. They argue the law aims to lower costs for cross-border business but fears it may be too weakened to function effectively. Negotiations in Brussels suggest the final text might not meet expectations for startup founders who view the regulation as a way to bypass 27 distinct national company systems. Policymakers are under pressure to finalize this legislation by year-end. Signatories warn that a diluted version could fail to serve as a genuine European company form. Instead, they fear it might simply add another administrative layer on top of existing laws. The group insists founders must retain the right to choose where their registered office is located without being forced into a single location for all operations.
