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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
by dadoum 1y ago
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.
- cprecioso 1y agoIIRC 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.
- esbranson 1y agoPer 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_capital https://en.wikipedia.org/wiki/Societas_Europaea#Minimum_capi... [2] https://eur-lex.europa.eu/eli/reg/2001/2157 https://eur-lex.europa.eu/eli/reg/2001/2157 [3] https://en.wikipedia.org/wiki/28th_regime https://en.wikipedia.org/wiki/28th_regime [4] https://commission.europa.eu/document/download/7f3e1d1e-e406-4e44-ad2f-ed559f3891a6_en?filename=Decision%20on%20the%20establishment%20of%20a%20Commissioners%27%20Project%20Group%20on%20Startups%20and%20Scaleups.pdf https://commission.europa.eu/document/download/7f3e1d1e-e406...