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The 28th regime timeline
Live timeline of the EU 28th regime for innovative companies (EU Inc.), with sources and the next political and legislative milestones.
Last updated: 16 July 2026
Commission publishes 28th regime proposal
The legal text, communication, annex, factsheet, and impact assessment enter the legislative process.
European Council backs the file
EU leaders endorse the "One Europe, One Market" agenda and call for adoption by the end of 2026.
First minister-level debate
COMPET ministers keep momentum behind the 28th regime, while safeguards, legal certainty, and labour rules remain open.
Council work continues, the JURI draft lands
Sessions 8 and 9 were held on 17 and 25 June; the rapporteur's draft report followed, dated 29 June (PE790.143v01-00, 246 amendments).
Irish Presidency and the amendment window
The Working Party met on 2 July and 8 July under the Irish chair, with Session 12 on 23 July; JURI considered the draft report on 15 July, and group amendments are due 17 July.
Parliament mandate path
JURI mandate vote expected in September; the plenary mandate vote remains tbc after an earlier October slot was downgraded.
Political target: final agreement
Final law is not in force yet. Agreement remains subject to Council, Parliament, and trilogue negotiation. If reached by end of 2026, the regime is expected to be operational from early 2027.
The EU Commission published its proposal on 18 March 2026. Now two things happen in parallel: a Council track and a Parliament track. For the plain-language explainer of JURI, the rapporteur, and trilogue, see JURI, rapporteur, and trilogue.
In the Council (where EU governments negotiate), specialised working groups of civil servants meet regularly to examine the proposal in detail. Session 6 of the Working Party on Company Law opened on 2 June at the Justus Lipsius Building, the first post-COMPET technical session, and Session 7 followed on 11 June at the Europa Building (agenda CM 3040/26), reaching the formation and governance chapter (Articles 35 to 58) with Parliament's Employment Committee (EMPL) present; no public readout from Sessions 1–9 has appeared on the Council register. The proposal has also now reached the ministerial layer: on 28 May, COMPET ministers held the first minister-level policy debate on EU Inc. The public readout signals momentum, not agreement on text, and leaves safeguards, legal certainty, national labour rules, insolvency, tax, minimum capital, and the Article 114 TFEU legal-basis question as negotiation points. Sessions 8 and 9 were held on 17 and 25 June (no public readouts yet); Session 10 met on 2 July, the first under the Irish Presidency, and Session 11 met on 8 July; Session 12 is confirmed for 23 July. This is where the real text gets shaped.
In the Parliament (where elected MEPs negotiate), the proposal is still in the preparatory phase for procedure 2026/0074(COD). JURI examined the file on 4 May, when Commissioner McGrath presented the proposal directly to MEPs. René Repasi (S&D, Germany) was appointed rapporteur on 23 April 2026, and the committee referral was announced in plenary on 18 May. The Parliament calendar runs: draft report dated 29 June (PE790.143v01-00), consideration of the draft on 15 July, amendment deadline 17 July (also the ECON and EMPL opinion deadline), consideration of amendments on 7 September, JURI committee vote in September (tbc), plenary vote (tbc). Opinion committees are ECON, with Aurore Lalucq, and EMPL, with Johan Danielsson; BUDG declined to give an opinion. The shadow rapporteurs are now confirmed across all seven political groups: Axel Voss (EPP), Pascale Piera (PfE), Mario Mantovani (ECR), Pascal Canfin (Renew), Kira Marie Peter-Hansen (Greens/EFA), Arash Saeidi (The Left), and Marcin Sypniewski (ESN). If you only want the short version of who does what, start with What is JURI? and who the rapporteur is.
In the advisory bodies, the formal EESC consultation is now separate from the April EESC Workers' Group conference: CM 2668/26 triggered the Treaty consultation on 29 April, with an opinion expected in the July–September window. The Committee of the Regions has already completed its side: its opinion on the EU Inc. corporate legal framework (CDR-1414-2026), with Roberta Angelilli (ECR, Lazio) as rapporteur, was adopted on 2 July 2026.
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Plenary vote (tbc) - European Parliament plenary vote on the negotiating mandate
Plenary slot is unconfirmed. Earlier reporting had pencilled in the first October part-session (5–8 October); the rapporteur's own calendar now marks plenary as tbc.
Sources: PublicPolicy.net EU Briefing, 29 May 2026 - Repasi preliminary timetable, late May 2026
September 2026 (tbc) - JURI vote in committee on Parliament's negotiating mandate
Committee vote marked as September (tbc). Candidate JURI meeting dates 7 and 28 September.
7 September 2026 - JURI consideration of amendments
Working session at which Repasi and the shadow rapporteurs read through the amendments filed by 17 July, ahead of the September committee vote.
July–September 2026 - EESC opinion expected (Committee of the Regions opinion adopted 2 July)
The formal EESC consultation was triggered by CM 2668/26 on 29 April and its opinion is still expected in this window. The Committee of the Regions has already adopted its opinion (CDR-1414-2026, Roberta Angelilli rapporteur) on 2 July 2026.
17 July 2026 - JURI amendment window closes; ECON opinion delivered
The deadline passed for shadow rapporteurs and any JURI member to file amendments to Repasi's draft report, and for the opinion committees ECON and EMPL to submit their opinions. The amendment texts are not public yet; JURI takes them up on 7 September. ECON delivered its opinion in the form of a letter (PE788.878, adopted 34 to 13 with 9 abstentions, ECON Chair Aurore Lalucq). It backs the proposal as a first step but asks JURI to go further on two points in particular. First, let EU Inc companies access public markets (multilateral trading facilities and regulated markets), which runs against the draft report's ban on public listing. Second, add an optional tax module (opt-in, or enhanced cooperation as a last resort) with a single consolidated tax base, centralised VAT and withholding, and mandatory employee stock options taxed on disposal as capital income.
15 July 2026 - JURI debates the draft report
The Legal Affairs Committee considered rapporteur René Repasi's draft report (PE790.143v01-00, dated 29 June) in a single sitting. Repasi framed his changes as guardrails on a fast highway: keep two-working-day, EUR 100 digital formation, but add preventive anti-money-laundering checks, protect labour law and co-determination (applied by the place of employment), keep employee equity as a top-up rather than a wage substitute, add an optional steward-owned variant, and build a Delaware-style dispute mechanism. The groups then divided, mostly on how far the form should reach.
Scope: the EPP (Axel Voss) and ECR (Mario Mantovani) argued the 28th regime must stay open to all companies, with no sector exclusions; the rapporteur and the Patriots for Europe shadow (via Tom Diepeveen) want it limited to innovative start-ups.
Legal basis: the EPP wants it kept as a regulation on Article 114; the Patriots read it as clearly Article 50; the rapporteur is open to an Article 50 plus 114 directive if the Council moves that way.
Listing and labour: Renew (Pascal Canfin's remarks, read on his behalf) questioned both the public-listing ban and applying one country's co-determination rules across borders; the Greens (Kira Marie Peter-Hansen) backed the safeguards and excluding listed companies; The Left (Saeidi) weighed the impact assessment's projected gain against the risk of fraud.
Group amendments are due 17 July; JURI takes them up on 7 September. A group-by-group breakdown of where each group stands is in our next newsletter. Subscribe to get it.
Source: the 15 July JURI debate (European Parliament webstream). No official readout was published; this reflects the public debate, not a formal committee conclusion.
2, 8, and 23 July 2026 - Working Party on Company Law - Sessions 10 and 11 held, Session 12 upcoming
Session 10 met on 2 July and Session 11 on 8 July, both under the Irish Presidency; no public readouts yet. Session 12 is confirmed for 23 July.
Sources: 2 July meeting page - 8 July meeting page - 23 July meeting page
29 June 2026 - JURI draft report dated (PE790.143v01-00)
Rapporteur René Repasi's draft report on the Commission proposal: 151 pages, 246 amendments, the rapporteur's opening rewrite. Among the changes proposed: Article 4 deleted and replaced by a labour-law firewall and designated national gap-filler forms (Article 1a), a numeric startup definition plus a list of excluded sectors (Annex Ia), a ban on trading the shares on public venues (Article 60), a steward-owned variant (EU Inc. SO) and an employee stock ownership plan (EU-ESOP). Not yet published on the OEIL procedure file at the time of writing. Full analysis: inside the European Parliament's draft report.
Source: draft report PR\1346422EN.docx, PE790.143v01-00 (29 June 2026) - OEIL procedure file 2026/0074(COD)
25 June 2026 - Working Party on Company Law - Session 9 held (unofficial count)
Held under the Cyprus Presidency, agenda CM-3330/26 (continued examination of doc. 7498/26 + ADD 1–6). The session ran one day before Repasi's expected JURI draft report, putting the Council and Parliament tracks in direct parallel. No public readout has appeared yet; a compound readout covering Sessions 6 through 9 (or 6 through 10) remains possible after Session 10 on 2 July.
Sources: 25 June meeting page - Council agenda CM 3330/26
17 June 2026 - Working Party on Company Law - Session 8 held (unofficial count)
Held at the Council Lex Building. Further technical examination; no public readout has appeared on the Council register yet. Public documents do not officially assign session numbers yet.
Source: 17 June meeting page
11 June 2026 - Working Party on Company Law - Session 7 held (unofficial count)
Held at the Europa Building. The agenda (CM 3040/26) covered continued examination of doc. 7498/26, reaching the chapters on formation and digital systems and on internal organisation (Articles 35 to 58), including governance and worker-participation provisions, with Parliament's Employment Committee (EMPL) present. That made this the first session to touch the codetermination and worker-board-representation questions several delegations and the labour-side bodies flagged after COMPET. No public readout has appeared yet.
Sources: 11 June meeting page - Council agenda CM 3040/26
2 June 2026 - Working Party on Company Law - Session 6 opened
Session 6 started at 10:00 CET at the Justus Lipsius Building in Brussels. Agenda item 2 is examination of doc. 7498/26 + ADD 1–6. No public readout has appeared yet.
Source: Council agenda CM 2921/26
28 May 2026 - COMPET ministerial Council - first minister-level debate held
Ministers held a policy debate on the 28th Regime Corporate Legal Framework: EU Inc. The Council readout was high-level: momentum toward continued work and the end-2026 target, but no agreement on text.
The debate also made the political price of speed visible. Many delegations pushed safeguards against fraud, tax evasion, and money laundering; some raised legal-certainty questions around legal basis, taxation, minimum capital, and insolvency; several highlighted respect for national labour rules. Cyprus Presidency chair Michael Damiano summarised the line publicly as "competitiveness and trust must go hand in hand".
Sources: Council main results - Provisional agenda CM 2753/26 - Presidency background brief ST 8598/26
18 May 2026 — Working Party on Company Law — Session 5 (held)
Single agenda item: examination of doc 7498/26 + ADD 1-6. No public readout published yet.
7 May 2026 — ECGI–Bocconi–LawFin academic workshop on EU Inc. (completed)
The workshop tested EU Inc.'s legal design across venture contracting, insolvency, political adoption, and targeted harmonisation.
Sources: ECGI workshop page · our editorial report
6–7 May 2026 — Working Party on Company Law — Session 4 (held)
Two-day session: Day 1 at the Europa Building, Day 2 at the Council Lex Building. No public readout has appeared yet.
4 May 2026 — JURI Committee — Commissioner McGrath presents EU Inc.
The European Parliament's Legal Affairs Committee examined the proposal. Commissioner McGrath presented COM(2026) 321. René Repasi (S&D, Germany) had already been appointed rapporteur on 23 April; the committee referral was later announced in plenary on 18 May.
Sources: JURI agenda · OEIL procedure file
17 and 27 April 2026 — Working Party on Company Law — Sessions 2 and 3 (held)
Technical examination continued across both sessions. No public readout, outcome note, or negotiating text has appeared yet.
23–26 March 2026 — First Council working-party discussions took place.
The Company Law working party (23 March) and the Internal Market working party (26 March) both took the EU Inc proposal for Commission presentation. No public outcome note is visible yet.
19–20 March 2026 — European Council endorses "One Europe, One Market" agenda
EU leaders launched the "One Europe, One Market" agenda and named the 28th regime for company law as a priority measure for 2026. The conclusions call on the co-legislators to adopt the regime by the end of 2026, on the basis of the Commission proposal of 18 March. António Costa confirmed at the post-summit press conference that timelines should be implemented by end of 2027 but mostly this year, in 2026. No new legal text, just political direction and deadlines.
Sources: European Council conclusions · Costa press conference
18 March 2026 — Commission publishes the EU Inc. / 28th-regime proposal package
The Commission has now published the EU Inc. package: the Communication “Towards a 28th regime for EU companies”, the Proposal for an EU Inc. corporate legal framework, the annex, factsheet, and the impact-assessment papers. This is the real shift from expectation to text: the debate can now move from timing to substance.
Early reading of the published text: EU Inc. is harmonised, but not fully centralised. Registration still runs through national register infrastructure / BRIS, the central digital register comes later, and specialised courts are optional. This is likely to become one of the main negotiation points.
EU Inc. document hub
Q&A on EU Inc.
European Council conclusions, 19 March 2026
24 Feb 2026 — FISC hearing: "Feasibility of a 28th tax regime"
Parliament's tax subcommittee held a public hearing on whether tax-policy elements (barrier removal, incentives, administrative coordination) could accompany the forthcoming EU-Inc / 28th-regime proposal. Hearing page with all submitted documents.
16 Feb 2026 — President von der Leyen “One Europe, One Market” roadmap
President von der Leyen describes a “One Europe, One Market” roadmap with five building blocks. The key insight: EU-Inc is being positioned as single-market infrastructure, not a startup perk. That’s why it’s bundled with simplification and digital. The EU is trying to remove friction that makes cross-border scaling feel like operating in 27 parallel systems.
20 Jan 2026 — Parliament adopts recommendations (major milestone)
The European Parliament adopted its resolution with recommendations to the Commission on the 28th regime (procedure 2025/2079(INL)). This resolution now formally feeds into the Commission’s drafting work.
16 Jan 2026 — Parliament previews priorities ahead of the plenary vote
Parliament’s press materials outlined priorities for a new legal framework (incl. fast digital formation and cross-border recognition), ahead of the vote. The link is here.
30 Sep 2025 — Stakeholder consultation closed
The Parliament’s Legislative Train file notes the stakeholder consultation concluded on 30 September 2025.
The Commission's EU Inc. proposal is built on Article 114 TFEU, which does not itself harmonise tax. On 16 April 2026, Parliament's Subcommittee on Tax Matters opened a parallel workstream examining whether a 28th tax regime could complement the company-law proposal.
That does not change the legal basis of the current Regulation, but it is the clearest institutional signal so far that the tax gap is being considered separately. On 3 June 2026, the ECON committee formally adopted the Ódor draft report on tax regime feasibility (36 votes to 18, with 2 abstentions; document ECON-PR-785418). The report then went to the full Parliament, which adopted it on 9 July 2026 by 366 votes to 192, with 39 abstentions (adopted text A-10-2026-0167). It is a non-binding own-initiative report and does not change the legal basis of the company-law proposal.