EU Commission wants to free medium-sized companies from requirements

According to a proposal from the EU Commission, medium-sized companies should be freed from several EU requirements. Among other things, it is about exceptional regulations in the General Data Protection Regulation and simplified regulations that should make listing listing easier and cheaper, as the authority announced. It expects companies to save 400 million euros in administrative expenses a year through the simplifications.

According to the Commission, companies with more than 250 employees are in accordance with the applicable regulations – and have to observe significantly more rules. Now a new category of companies is to be introduced, which among other things have fewer than 750 employees and have to adhere to fewer requirements. According to the Commission, this would be almost 40,000 companies in the EU. The project also needs a majority in the European Parliament and among the EU countries.

Business foundations should be easier

In a legally non -binding strategy, the Commission also demands that the European domestic market’s biggest problems, from the perspective of companies. According to the information, this includes complicated company start-ups, complex EU regulations, limited recognition of professional qualifications, different regulations for packaging and different national regulations for services.

Among other things, the Commission promises to propose a so -called 28th regulation for European corporate law, which is intended to facilitate the establishment of companies. This should make it easier to found companies digitally and to work in the entire EU according to common rules, for example in tax, labor and insolvency law.