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EU Small entreprises comprise all sorts of firms starting from one-person businesses to co-operatives. While some Small entreprises provide more or less traditional services or craft products, many others are fast growing high-tech companies. Despite their differences, though, Europe’s SMEs share many challenges.
EU Commission, Report on the outcome of the previous session on a Small Business Act for Europe, in Spring 2008.
The records show the amount of replies regarding the following issues:
Administrative and regulatory inconvenience: one hundred forty replies,
Access to finance: ninety eight replies,
Taxation: sixty one replies,
Lack of skills: 43 replies,
Access to public procurements: forty one replies,
Unfair/too strong competition: twenty two replies,
Labour law: 22 replies,
Access to Single Market: seventeen replies,
Access to EU programmes: sixteen replies,
Late payments: sixteen replies,
Access to international markets: 16 replies. If you are in this particular case, you need Free website translation.
Access to info and recommendation: 16 replies,
Instability world economy/energy prices: sixteen replies,
SME definition: 7 replies.
Making life easier for small company.
For many small and medium-sized businesses, the executive inconvenience is their key dilemma. The cost of administrative procedures for a small company can be up to ten times more than for a larger one making this obligation disproportionately profound for small company. This is often why the European Commission has set itself two strategic goals:
First objective is to scale back the executive load on companies by 25% before 2012 and to ensure that all additional legal acts affecting business is SME-friendly. To realize this purpose, the Commission is simplifying and improving European legislation, and inspiring national and regional authorities to try and do the identical at their levels.
Less and higher regulation.
The EU Commission’s 2007 action programme to scale back administrative inconvenience by twenty five% has identified priority areas for action that concentrate on information obligations in areas such as company law, employment relations, VAT and statistics. Some of these obligations have previously been voided.
As an example:
- European companies no longer need to announce business knowledge in the national gazettes and they’ll (re-)use translations certified in one Member State when creating branches in other EU Member States.
- Member States ought to be allowed the option to exempt micro-enterprises from providing detailed data in their annual accounts.
A 25% reduction in the administrative inconvenience on businesses would remodel into an increase of 1.5% in the EU’s GDP – amounting to about €150 billion. However, this may only be achieved by national, regional and local authorities acting together with the Commission. Therefore way 18 Member States have set national targets for reducing administrative loads.
Did you know?
Since 2005, the European Commission has:
A – Withdrawn seventy eight pending laws,
B – Simplified fifty four initiatives,
C – Identified two 500 obsolete acts to be repealed.
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