It’s no secret that Europe lags on tech innovation. The EU has even given this a name – the “innovation gap” – and is now taking major steps to make things easier for the continent’s startups, particularly digital businesses.
While the EU’s contested Digital Omnibus Regulation seeks to fix existing barriers to business, another new measure aims to more actively cut red tape and make the continent more hospitable to modern companies and entrepreneurs: the 28th regime.
This new template proposes a single, harmonised set of rules that would allow companies to be truly EU-based instead of being bound to one member state’s laws. It aims to make Europe a startup-friendly economy, but it has also received fierce criticism, mainly because it risks hollowing out labour standards and enabling widespread social dumping.
