A European Economic Interest Grouping (EEIG) is a type of legal entity of the European corporate law created on 25 July 1985 under European Community (EC) Council Regulation 2137/85.[1] It is designed to make it easier for companies in different countries to do business together, or to form consortia to take part in EU programmes.
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. It was based on the pre-existing French groupement d´intérêt économique (G.i.e.).
Several thousand EEIGs now exist, active in fields as varied as agricultural marketing, legal advice, research and development, osteopathy, motorcycle preservation and cat-breeding. One of the more famous EEIGs is the Franco-German television channel ARTE.[2] Among other EEIGs:
- EURESA (fr) (operational and flexible tool for cooperation and collaboration among ten European insurance companies belonging to the Social Economy)
- Basque Eurocity Bayonne-San Sebastián
- ERTMS Users Group (The ERTMS Users Group is an association of European railway infrastructure managers to share knowledge and experience on the European Rail Traffic Management System)
Abbreviations
In contrast to the SE and the SCE, the lack of a Latin name for the EEIG lead to different names in the languages of the European Union:
An EEIG is required to have the abbreviation in its legal name (Art. 5(a) of Council Regulation No. 2137/85).
- Bulgarian: Европейско обединение по икономически интереси (ЕОИИ)
- Serbian: Evropska Ekonomska Interesna Grupacija (EEIG)
- Croatian: Europsko gospodarsko interesno udruženje (EGIU)
- Czech: Evropské hospodářské zájmové sdružení (EHZS)
- Danish: Europæiske økonomiske firmagrupper (EØFG)
- Dutch: Europees economisch samenwerkingsverband (EESV)
- English: European Economic Interest Grouping (EEIG)
- Estonian: Euroopa majandushuvigrupp (EMHG)
- Finnish: Eurooppalainen taloudellinen etuyhtymä (ETEY)
See also
- European Private Company
- Types of business entity
- European Grouping for Territorial Cooperation
- UK Companies House booklet GPO4
References
- L_1985199EN.01000101.xml eur-lex.europa.eu^
- The European Culture Channel - ARTE Entreprise ARTE Entreprise, 28 April 2023^