In brief

• The text concerns two EU regulatory proposals: EU Inc. and the European Business Wallet.
• The solutions are meant to make it easier to register companies online and run businesses in several countries without repeating documents.
• The material gives no implementation dates or costs for businesses.

What the new rules envisage

According to the material, there are two main elements in the plans: EU Inc., a harmonised company form at the European level, and the European Business Wallet (EBW), a digital identification for businesses. Both are meant to allow faster online company registration and business processes across several EU countries without repeatedly presenting the same documents (Szykuje się europejska rewolucja. Nowe regulacje mają ułatwić działalność w UE. Co zyskają polskie firmy? – Forbes Polska).

Benefits for Polish companies

For entrepreneurs, this means fewer formalities when entering the markets of neighbouring countries.

What it changes in practice

If the solutions enter into force in the proposed form, an entrepreneur from Poland will be able to handle some registration and administrative matters digitally, and the company's identity will be confirmed in one common system. However, the material gives no implementation dates or costs for businesses, so at this stage it is not possible to assess how much micro-enterprises and sole traders will actually save.