EEIG - European Economic Interest Grouping
The European Economic Interest Grouping, provide an unbeatable flexible structure for trans-border cooperation between both private and enterprises. It is an indipendent legal entity but is not itself subject to tax. To form an EEIG, according to Regulation CE 2137/1985, a contract is set up by different members exclusively from the european community. There is no requirement of initial capital but the official address must be in the European area. Its objects can be the exercise of any economic activity. For example, a construction company in UK could set up an EEIG together with an Italian masons group for tendering of projects to be carried out in Spain or in other different countries. As previously told, the EEIG is not itself subject to taxation, as the members are liable to tax according to the law which applies to them depending on their domicile and place of establishment. Unlike normal partnership, the EEIG are totally exempt from capital duty on any fund introduced as capital. Our international tax advisors well known how to establish an efficient, cross-border EEIG on specific client’s needs.