Following the Letta report on the single market and the Draghi report on the future of European competitiveness, and prompted first by the European Council and then by the European Parliament, the European Commission presented a proposal for a regulation (COM(2026) 321) last March, introducing a new European corporate legal framework conceived as a 28th scheme, as it would complement the twenty-seven existing national company law regimes in the Member States.

More specifically, this is a new type of company – the so-called. EU Inc. – optional and harmonised, with liability limited to assets, featuring modular and digitalised procedures, designed primarily to start-up e scale-up but open to all entrepreneurs and businesses in all Member States and EEA countries.

Confindustria has welcomed and continues to support the debate on the 28th scheme as a tool which, by focusing on administrative simplification, digitalisation and flexibility, can help to facilitate the establishment, growth and day-to-day operations of entrepreneurs and businesses, as well as attract cross-border investment.

In this context, A written submission has been forwarded to the Senate Industry Committee which, in particular, emphasises the need for the scope of application to remain open, for harmonisation to be as extensive as possible, and for the focus It remains focused on company law; furthermore, the main factors hindering the feasibility of a 28th tax regime have been highlighted.