It makes me wonder what is a Societas Europaea then. I thought it was some kind of pan-European legal entity, even though it's probably not suited for startups at all, as it looks quite complicated to set-up from what I read on Wikipedia. If anyone has more insights, I am interested to learn more about that.
Per the Wikipedia article, the "SE must have a minimum subscribed capital of €120,000 as per article 4(2) of the directive".[1] Note that it's the regulation, not the directive, with the requirement.[2] It appears the OP's article discusses an alternative 28th regime model suitable for startups.[3] See also the recent European Commission project group on the subject.[4]
IIRC basically the SE is indeed complicated and has a bunch of requirements that would not make sense for a startup. Plus, it isn’t really a common denominator for different corporate laws, but they kinda add together so now you need to know about laws in Germany AND laws in Spain AND etc, wherever you operate.
Comments
It makes me wonder what is a Societas Europaea then. I thought it was some kind of pan-European legal entity, even though it's probably not suited for startups at all, as it looks quite complicated to set-up from what I read on Wikipedia. If anyone has more insights, I am interested to learn more about that.
Per the Wikipedia article, the "SE must have a minimum subscribed capital of €120,000 as per article 4(2) of the directive".[1] Note that it's the regulation, not the directive, with the requirement.[2] It appears the OP's article discusses an alternative 28th regime model suitable for startups.[3] See also the recent European Commission project group on the subject.[4]
[1] https://en.wikipedia.org/wiki/Societas_Europaea#Minimum_capi...
[2] https://eur-lex.europa.eu/eli/reg/2001/2157
[3] https://en.wikipedia.org/wiki/28th_regime
[4] https://commission.europa.eu/document/download/7f3e1d1e-e406...
IIRC basically the SE is indeed complicated and has a bunch of requirements that would not make sense for a startup. Plus, it isn’t really a common denominator for different corporate laws, but they kinda add together so now you need to know about laws in Germany AND laws in Spain AND etc, wherever you operate.