New EU legislation, called the European Private Company Statute, now allows you to form a European Private Company (an SPE). An SPE is formed through a set of company formation laws which are applicable throughout the European Union. This means that an SPE's will enjoy a legal existence in all EU member states informly. This also allows you to transfer the domicile of your company from one EU member state to another.

A European Private Company offers following benefts:

• The minimum capital requirement for the SPE is €1 in order to facilitate company start-up. This provides flexibility to companies in setting suitable capital for their companies
• Existance in all Member States
• It allows entrepreneurs to set up all their companies within the European states with the same management structure
• An SPE can have its registered address in any EU country
• 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.