A coalition of European unicorn founders and venture capital investors has issued a formal appeal to EU policymakers regarding the development of a new corporate structure, known as 'EU Inc.' This legislative initiative aims to create a unified legal status that would allow companies to operate more easily across all member states, reducing the administrative burden of navigating 27 different national corporate laws.

The open letter expresses concern that ongoing negotiations among EU lawmakers may lead to a 'watered down' version of the proposal. The signatories argue that if the final regulation is too restrictive or fails to provide genuine simplification, it will fail to achieve its goal of fostering a more competitive European startup ecosystem. By advocating for a strong 'EU Inc,' these industry leaders are signaling that the current fragmented regulatory environment acts as a significant barrier to scaling businesses within the European market.

While the letter emphasizes the need for a streamlined legal framework, the specific details of what constitutes a 'watered down' version remain a point of debate. TechCrunch reports that the founders are pushing for a status that prioritizes ease of movement and capital efficiency, though the article does not detail the specific counter-arguments or concerns raised by lawmakers who may be advocating for more stringent oversight or national-level protections. The initiative highlights a broader tension in European policy: the desire to create a unified digital and corporate market versus the preservation of national regulatory control.