A new EU legislation, called the European Private Company Statute, allows you to form a European Private Company, also known SPE. An SPE is formed through a set of company formation laws which are uniform throughout the European Union. This allows an SPE to have legal existence in all EU member states. This also allows you to transfer the domicile of your company from one EU member state to another.

There are a number of benefits of forming an SPE:

• The minimum capital requirement for the SPE is €1 in order to facilitate start-ups. This provides flexibility to companies in setting suitable capital for their companies
• It (potentially) exists in all Member States
• It allows entrepreneurs to set up all their companies with the same management structure, regardless where they are located
• An SPE can have its registered address in any EU country
• Although the company formation regulations are uniform in all EU member states, the tax regulation may vary with the domiciled EU country. This allows your company to have a extensively flexible tax structure.
• It offers a European label that is easily recognisable throughout the EU

Formations House can assist you in forming an SPE in any EU member state. Initially your company will be domiciled in the UK. However, from 2009 onwards you can choose to upgrade your company (as an SPE) to any EU member country, for Free.