EU Small businesses comprise all types of corporations starting from one-person companies to co-operatives. Whilst some Small businesses offer more or less traditional services or expertise products, many others are fast growing high-tech businesses. Despite their variations, though, Europe’s Small businesses share many challenges.
European Commission, Report on the results of the former session on a Small Business Act for Europe, in Spring 2008.
The facts show the amount of replies regarding the following problems:
Administrative and regulatory burden: a hundred and forty replies,
Access to finance: ninety eight replies,
Taxation: 61 replies,
Lack of skills: 43 replies,
Access to public procurements: 41 replies,
Unfair/too sturdy competition: twenty two replies,
Labour law: twenty two replies,
Access to Single Market: 17 replies,
Access to EU programmes: 16 replies,
Late payments: 16 replies,
Access to international markets: 16 replies. If you are in this particular case, you need Website translation.
Access to data and recommendation: sixteen replies,
Instability world economy/energy prices: 16 replies,
SME definition: 7 replies.
Making life easier for small business.
For most small and medium-sized companies, the executive inconvenience is their key problem. The cost of administrative procedures for a small business can be up to 10 times more than for a larger one making this inconvenience excessively grave for small business. This is often why the EU Commission has set itself 2 key targets:
First target is to scale back the executive load on entrepreneurs by twenty five% before 2012 and to make sure that all new legislation affecting business is SME-friendly. To attain this objective, the Commission is simplifying and improving European regulations, and encouraging state and regional authorities to try to to the same at their levels.
Less and higher regulation.
The EU Commission’s 2007 action programme to cut back administrative inconvenience by 25% has identified priority areas for action that focus on data obligations in areas like company law, employment relations, VAT and statistics. Some of these obligations have already been voided.
For example:
- European corporations now not need to announce business data within the national gazettes and they’ll (re-)use translations certified in one Member State when developing branches in other EU Member States.
- Member States ought to be allowed the option to exempt micro-enterprises from providing detailed knowledge in their annual accounts.
A 25% reduction in the executive load on companies would rework into a rise of 1.5% within the EU’s GDP – amounting to about €one hundred fifty billion. But, this can only be achieved by national, regional and local authorities acting along with the Commission. Thus far eighteen 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 54 initiatives,
C – Identified 2 five hundred obsolete acts to be repealed.
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