In this way, the aim is to create a single set of rules at European level that promote cross-border investment and strengthen the single market, while also helping companies overcome the barriers they encounter when operating in the single market.
The main novelty among these proposals of Parlamento is the creation of a new form of European societyvalid in all Estados miembros and with a single common legal framework. Aimed at unlisted limited liability companies headquartered in one of the 27 countries of the UE, the minimum share capital paid in to establish this company will be only 1 €.
The MEPs also propose that the registration is completely digital, which can be completed within a period of 48 hours long.The aim is to streamline and simplify the process for businesses as much as possible. They are also committed to creating a multilingual digital portal accessible to all Estados miembros from the UE and managed by the Comisión Europea to facilitate smooth operation, with digital communication with the authorities and with all information available and accessible to investors.
With this new legal framework, the Parlamento Europeo It aims to facilitate access to investment for mixed-economy companies, that is, companies that combine different sources of financing. To this end, they seek to offer alternative financing models, accompanied by optional protection mechanisms, such as the possibility of separate economic rights from voting rightsThis would allow an investor to contribute capital and participate in the profits, without having control over the company's strategic decisions, something fundamental in long-term technological or scientific projects.
They also propose rules for attracting and retaining top talent through instruments such as employee stock ownership plans or stock options. This way, employees have a greater involvement in the company's growth and can benefit from its future success.
These recommendations also include the territorial dimension. In the eyes of Parlamento, the companies of Sur de Europa They are missing opportunities in the commercialization of research. Therefore, they are requesting urgent measures aimed at ensuring better cooperation between SMEs, startups, expanding companies and research institutions in the UEThey also emphasize the importance of companies in sur de Europa have access to a specialized and accelerated mechanism of dispute resolution that can be developed in English.
It's important to clarify that these recommendations are not yet binding. Now it's the turn of the Comisión Europea that, after collecting the suggestions of ParlamentoThey have to prepare the legislative proposal that will be presented, as planned, in the first quarter of 2026.
It is important, however, to contextualize the political scope of this initiative. The recommendations approved by the Parlamento Europeo They reflect an ambitious position, largely in favor of deep regulatory harmonization, but do not prejudge the final outcome of the legislative process. In particular, some of the areas affected by the future 28th regime —such as labor law, insolvency law, or certain tax aspects— remain sensitive areas of competence for the Estados miembrosThis foreshadows complex debates in the later stages of negotiation.
In this sense, the future proposal of the Comisión Europea It will have to strike a delicate balance between simplification and legal certainty, on the one hand, and respect for national prerogatives, on the other. Once the legislative initiative is presented, presumably in the first quarter of 2026, Will be Consejo de la UE who represents the positions of the Estados miembros in negotiations with the ParlamentoThe degree of consensus reached in this phase will be decisive both for the final content of the regime and for its adoption and entry into force timetable, which, in a realistic scenario, could be between 2027 and 2028.
This is a solid bet on the UE by creating a legal framework with uniform and harmonized rules that allow companies to grow and expand without being limited by the regulatory fragmentation resulting from different national systems. With this, the Unión Europea It also seeks to strengthen the competitiveness of European companies, especially among the emerging companies.
Marie Latour,
Director of European Affairs at Euro-Funding
Key points and frequently asked questions about this analysis
What is the so-called "28th regime" proposed by the European Parliament?
It is a new legal framework that seeks to create a single, harmonised set of rules at EU level, allowing innovative companies to operate under the same rules in all Member States to encourage cross-border investment.
What are the facilities for establishing this new form of European society?
The proposal includes the possibility of establishing unlisted limited liability companies with a minimum capital of just 1 euro, through a fully digital registration that could be completed within 48 hours.
When is this regulation expected to come into full force?
The European Commission will present the legislative proposal in the first quarter of 2026. Following negotiations with the EU Council, a realistic scenario for its entry into force between 2027 and 2028 is estimated.
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