Progress Tracker (EU 28th Regime / EU Inc.)

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.

Status

  • Proposal published — The Commission published the 28th regime proposal on 18 March 2026.
  • COMPET ministerial debate — Held 28 May 2026. Ministers backed continued work toward the end-2026 target; safeguards and legal certainty remain open.
  • Council — Technical review continues. Session 6 opened on 2 June; further confirmed meetings are listed for 11, 17, and 25 June, then 2, 8, and 23 July. No public readout yet.
  • Parliament — JURI is preparing the file. René Repasi's draft report is expected on 26 June. What is JURI? What is the rapporteur?
  • Next dates — Council Working Party on 11, 17, and 25 June; JURI draft report on 26 June; July Council sessions on 2, 8, and 23 July; amendments due 17 July.
  • Final law — Not yet. Political target: agreement by end of 2026; operational from early 2027. What is trilogue?

Last updated: 4 June 2026

  1. 18 March 2026 Completed

    Commission publishes 28th regime proposal

    The legal text, communication, annex, factsheet, and impact assessment enter the legislative process.

  2. 19–20 March 2026 Completed

    European Council backs the file

    EU leaders endorse the "One Europe, One Market" agenda and call for adoption by the end of 2026.

  3. 28 May 2026 Completed

    First minister-level debate

    COMPET ministers keep momentum behind the 28th regime, while safeguards, legal certainty, and labour rules remain open.

  4. June 2026 Now

    Council work continues, JURI draft arrives

    Session 6 opened on 2 June with no public readout yet; further Council sessions are listed for 11, 17, and 25 June, and Repasi's draft JURI report is expected on 26 June.

  5. July 2026 Scheduled

    Irish Presidency and JURI amendments

    Council sessions are confirmed for 2, 8, and 23 July; JURI shadow amendments are due on 17 July.

  6. Autumn 2026 Expected

    Parliament mandate path

    JURI mandate vote expected in September; the plenary mandate vote remains tbc after an earlier October slot was downgraded.

  7. End of 2026 Target

    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.

What happens next (plain language)

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, making it the first post-COMPET technical session; no public readout from Sessions 1–6 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. Further Working Party meetings are scheduled for 11, 17, and 25 June, then 2, 8, and 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 on 26 June, consideration of the draft on 15–16 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. Pascal Canfin is the Renew shadow rapporteur, and Arash Saeidi is the GUE/NGL shadow rapporteur. 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 is also on the file; Roberta Angelilli (ECR, Lazio) is the CoR rapporteur, with the CoR opinion expected on a similar timetable.

Proposal Watchlist (what triggers an alert)

Join the watchlist if you want an email when any of these occur:

  • European Council language materially shapes the file or timeline
  • an official Council compromise text or other revised legal text appears
  • Council / Member State positioning becomes visible
  • major scope clarifications land (e.g., eligibility, registry model, ESOP rules, safeguards)
  • amendments or negotiation signals appear from Parliament or Council

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Timeline (latest first)

  1. 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

  2. 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.

  3. 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.

  4. July–September 2026 - EESC and Committee of the Regions opinions expected

    The formal EESC consultation was triggered by CM 2668/26 on 29 April. The Committee of the Regions is running a parallel advisory track, with Roberta Angelilli as rapporteur.

  5. 17 July 2026 - JURI amendment deadline (shadow rapporteurs and any JURI member); opinion-committee deadline

    Shadow rapporteurs and any JURI member file amendments to Repasi's draft before the summer break. The opinion committees ECON and EMPL submit their opinions to JURI by the same date.

  6. 15–16 July 2026 - JURI consideration of draft report

    Working session in JURI on Repasi's draft report before the amendment deadline.

  7. 2, 8, and 23 July 2026 - Working Party on Company Law - further meetings confirmed

    Three Company Law Working Party meetings are confirmed on the Council calendar under the Irish Presidency.

    Sources: 2 July meeting page - 8 July meeting page - 23 July meeting page

  8. 26 June 2026 - JURI draft report expected

    Rapporteur René Repasi is expected to present his draft report in JURI, giving Parliament its first text-level position on the Commission proposal.

    Source: PublicPolicy.net EU Briefing, 29 May 2026

  9. 25 June 2026 - Working Party on Company Law - Session 9 scheduled (unofficial count)

    Newly confirmed on the Council calendar. This session falls one day before Repasi's expected JURI draft report, putting the Council and Parliament tracks in direct parallel.

    Source: 25 June meeting page

  10. 17 June 2026 - Working Party on Company Law - Session 8 scheduled (unofficial count)

    Further Council technical examination remains on the calendar after the 11 June session. Public documents do not officially assign session numbers yet.

    Source: 17 June meeting page

  11. 11 June 2026 - Working Party on Company Law - Session 7 scheduled (unofficial count)

    Next confirmed Working Party date. The meeting page lists Room EB S5; the CM agenda document has not yet been published.

    Source: 11 June meeting page

  12. 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

  13. 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

  14. 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.

  15. 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

  16. 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.

  17. 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

  18. 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.

  19. 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.

  20. 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

  21. 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

  22. 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.

  23. 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.

  24. 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.

  25. 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.

  26. 30 Sep 2025 — Stakeholder consultation closed

    The Parliament’s Legislative Train file notes the stakeholder consultation concluded on 30 September 2025.

Parallel track — EU-level tax framework (FISC)

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. Concrete outputs from FISC are not public yet.

Recent and near-term institutional activity

  • 4 May 2026 — JURI Committee examines EU Inc.; Commissioner McGrath presents the proposal
  • 6–7 May 2026 — Council Working Party on Company Law, Session 4 (held; no public readout yet)
  • 7 May 2026 — ECGI–Bocconi–LawFin academic workshop on EU Inc. (completed) — our editorial report
  • 18 May 2026 — Council Working Party on Company Law, Session 5 (held; no public readout yet)
  • 28 May 2026 - COMPET ministerial Council held first minister-level policy debate on EU Inc.; public readout signalled momentum while leaving safeguards and legal certainty for negotiation
  • 2 June 2026 - Council Working Party on Company Law, Session 6 opened; no public readout yet
  • 11 June 2026 - Council Working Party on Company Law, Session 7 scheduled (unofficial count; agenda pending)
  • 17 June 2026 - Council Working Party on Company Law, Session 8 scheduled (unofficial count)
  • 25 June 2026 - Council Working Party on Company Law, Session 9 scheduled (unofficial count)
  • 26 June 2026 - JURI rapporteur René Repasi expected to present draft report
  • 2, 8, and 23 July 2026 - further Council Working Party on Company Law meetings confirmed under the Irish Presidency
  • 15–16 July 2026 - JURI consideration of draft report
  • 17 July 2026 - JURI amendment deadline (shadow rapporteurs and any JURI member); ECON and EMPL opinion deadline
  • July–September 2026 - EESC and Committee of the Regions opinions expected
  • 7 September 2026 - JURI consideration of amendments
  • September 2026 (tbc) - JURI vote in committee on Parliament's negotiating mandate
  • Plenary vote (tbc) - European Parliament plenary vote on the mandate

Primary documents (quick links)