In brief

• The European Union is preparing regulations to make it easier to register companies online and run business across borders.
• Key elements are the digital business wallet (EBW) and the EU Inc. company.
• An expanded role for qualified e-Delivery is meant to reduce paper documentation for businesses.
• For Polish small and medium-sized companies, the most important point is easier expansion into EU markets.

Registering a company without visits to offices

The new solutions are meant to allow a company to be set up online faster than before (Szykuje się europejska rewolucja. Nowe regulacje mają ułatwić działalność w UE. Co zyskają polskie firmy? – Forbes Polska). Entrepreneurs will not have to present the same documents each time they handle matters in another EU country.

The digital business wallet

A key element is the European Business Wallet (EBW), a digital company wallet. It is meant to serve for confirming the identity of an enterprise and running business processes across borders. In parallel, the EU Inc. company is planned to make it easier to operate across the entire single market.

A broader role for e-Delivery

The regulations may also significantly expand the role of qualified e-Delivery, meaning secure electronic correspondence with offices and contractors. For companies, this means less paper documentation and shorter time needed to handle formalities.

What it means for Polish companies

For Polish enterprises, especially small and medium-sized ones, the most important point is easier expansion. Simpler registration and common digital standards may lower the cost of entering the markets of other member states. For now, it is not known when the rules will fully take effect or what fees will be associated with the new services.