@euacc
eu/acc
eu/acc, with @euacchq on X.com (ex-twitter), and European Accelerationism aims to accelerate the growth of Europe to make it competitive with other parts of Europe.
ID: 604097693841-70
Lobbying Activity
Meeting with Ann-Sofie Ronnlund (Cabinet of Commissioner Ekaterina Zaharieva)
28 Oct 2025 · 28th regime and European Innovation Act
Response to 28th regime – a single harmonized set of rules for innovative companies throughout the EU
30 Sept 2025
Please find attached our report for this consultation. Europe and its leadership, have the opportunity of a lifetime to do the most impressive upgrade ever done to its competitiveness. By doing so, it will take the path of growth and innovation back and will set itself to be a World leading headquarters destination. This will happen only with the courage and boldness of the European Commission, Council and Parliament. Yes, this means, this time, to really look at what others are doing and match or exceed those in terms of speed, fees and digitalization. Europe has to be as fast, as affordable as the leading headquarters destinations like the US. This will require to make outdated red tape like notarization optional, as it is long overdue and as so many founders and investors have requested for so long, including right here in this consultation. There's a huge win to be achieved by European leadership: take it. Together, let's accelerate Europe Benoit V.
Read full responseResponse to EU Start-up and Scale-up Strategy
17 Mar 2025
Among European founders, startups talent and their investors, there's a well known issue that the European Commission, probably vetoed in the past in some reforms, has failed to address and should be addressed urgently, both for the 27 the company laws system and for the so-called 28th regime. We know that Europe has a significant GAP in GDP Growth the US, and Mario Draghi identified the source of this GAP is 70% due to the tech sector growth in Europe. We know the most successful - in Revenue, Growth, Market cap size , tech companies have historically been in the US. Yet there's a true low hanging fruit, true quick win. Right now many European founders and talent move their headquarters and sometimes themselves to US (US Delaware historically) because where they are based in Europe, they are forced into totally outdated, anti-digital company law processes: notary obligation (no English, no online, no 24h/7day, very slow registries) and incredible red tape (like obligation to get a tax id for investors who are not taxable - NIF, Steuer ID, Codice Fiscal, etc) Those huge burdens lead to cancellation of investments and/or the exodus of the headquarters of European-founded companies to avoid those senseless obstacles to the prosperity of Europe : European laws that impose European tariffs on the investment processes in Europe. We have seen that systematically the impact of this first experience investors get when investing in European countries with this issue is massive, as many countries become "blacklisted" as too cumbersome. As you'll see in the survey attached where respondents are verified (verified valid email addresses associated when relevant with their corporate websites of their Venture Firms), generally over 90% of respondents believe Europe should be serious and make sure it is as fast, as agile, as digital and as notary-free as US Delaware. We can no longer have European institutions that look away from this significant issue and instead understand this is a huge, quick win that would stop a big part of GDP, headquarters and talent exodus to US and other non-European destinations. We cannot attract investors in technology with an outdated, analog, non-digital, non-English investment process. We know there has been attempts at digitalizing this, but it has been a complete failure (directive 2019/1151 has kept notaries de facto mandatory and thus less than 1% of company filings are digital end to end, with no required physical presence). We count on. you to this time defend a 100% digital investment flow, notary-free, what we call the 10 second investment process. PS: We believe also that every compliance filings, including tax filings should be possible to be automated massively, including VAT Filings in Europe which are very painful and complex. We need to enable fintechs like Qonto, N26, Stripe etc to fully automate and access APIs for anything and thus reduce 80% or more all filings. PS2: In countries like Spain, Germany and Italy, investors who are not taxable are requested a very painful process to get a tax id even though directive 2008/7 canceled any capital duty tax and there are not taxable. This is driving massive cancellations of investments too (NIF, Steuer ID, etc)
Read full responseResponse to Single Market Strategy 2025
31 Jan 2025
There's a massive exodus of European Headquarters to US. The reason is simple. European Member States and the European Commission has kept protecting, illegitimately, the notary system forced upon European companies, founders. It is an outdated system that has no legitimacy, given that it was created before democracy. The most successful places like US Delaware, UK, Ireland do not force such a feudal system. The future of company law is fully digital, automated. In the impact assessment done by the Commission to prepare directive 2019/1151, the survey showed that notaries were nearly unanimous against digitalization (SWD(2018) 141 final) (attached) Overall, company founders and investors know that the notary system is putting Europe at a huge disadvantage versus other juridictions like US Delaware and against the future. Notaries is a pre-internet, pre-digital, pre-democratic system that is hindering the modernization of Europe. Indeed, in today's World, business is mainly done in English, across timezone, automated and with digital tools. Forcing investors to fly 11 hours to meet a notary is ridiculous, and leads to massive cancelation of investment and the exodus of founders and headquarters to US. There is absolutely no ethical nor rational reason to keep this system. @euacchq on X.com did surveys. Well over 95% of founders do NOT want a notary system. The future of company law is the ability to use every day digital tools, including fintechs like Qonto, Stripe, N26 and to create companies. For example Qonto, a European fintech, allows this in France but has a lot of troubles in Spain given the notary system. The future is the ability to create and invest in companies in minutes, not days or hours. As it's possible in US, UK. The notary system goes against this. In US Delaware, any filing is from 1 hour to 24 hour, something much faster than in Europe with notary systems. Chambers of notaries - Germany, Spain, Brussels - have been asked, following directive 2019/1151, how many transactions were done online, digitally, remotely (not in person). They refuse to answer and we know it's less than 1% They did some "compliance" websites to pretend to comply with the directive but in reality, they achieve their goals of shutting down the purpose, objective and results of directive 2019/1151 : they have vetoed de facto company law digitalization Even after requesting the European Commission repeatedly to help ask and get answers on the digitalization of company law where notaries are present, there's been no support in helping to get that info. The European Competitiveness Compass will be a total failure if we keep this practice. Additionally, we have to take into account that we've been pushing for more and more costly and time consuming registry filings. Let's remember that in US Delaware, many filings are optional and not public, including annual accounts. At the time of competitiveness, keeping information confidential is very important. Whatever the Commission does, it has to ask: does this help the competitiveness of Europe and Europeans? Is it what European entrepreneurs want? For notaries, the answer is straightforward: NO We know the notaries will self-evaluate themselves as being useful: They have no legitimacy in evaluating themselves. You have to reach out to us for their evaluation. And it is very simple, if the notaries believe they are useful and companies are satisfied, and you believe this, make them optional, and open it to competition (lawyers, accounting firms and digital tools): if they stand by their beliefs, they will not lose clients as they have satisfied clients. Finally, keeping notaries is not possible, even if they digitalize for these reasons: - they generally do not speak English fluently, while the investors and founders do - They are not available during US Timezone (while many investments are signed with US investors) - They are not knowledgeable with technology
Read full responseMeeting with Dan Dionisie (Head of Unit Justice and Consumers)
28 Jan 2025 · Meeting with EU/ACC (Mr. B. Vandevivere), 28.1.2025