WHAT IS AN EEIG?

• A European Economic Interest Grouping (EEIG) is a type of legal entity of the European corporate law under European Community (EC) Council Regulation 2137/85.

• An EEIG is formed by founding members, not shareholders. Members must be EU based.

• Non-EU associate members are possible based on individual Association Agreements.

• An EEIG „is designed to make it easier for companies in different countries to do business together…“

• „Its activities must be ancillary to those of its members, and, as with a partnership, any profit or loss it makes is attributed to its members. Thus, although it is liable for VAT and employees’ social insurance, it is not liable to corporation tax. It has unlimited liability“

FOR MORE INFORMATION FOLLOW THESE LINKS:

Wikipedia.org
For a summary of Regulation (EEC) No 2137/85 – the European Economic Interest Grouping
For the full text of COUNCIL REGULATION (EEC) No 2137/85 of 25 July 1985 on the European Economic Interest Grouping (EEIG)