EEIG

EEIG stands for European Economic Interest Grouping. It is a legal structure established by European Union legislation, Regulation (EEC) No 2137/85. The primary purpose of an EEIG is to facilitate or develop the economic activities of its members by pooling resources or expertise. It is a form of cross-border cooperation designed to enable businesses from different EU member states to work together on specific projects or ventures without creating a new, fully independent company.

EEIGs are distinct legal entities, but they do not have their own share capital. Instead, their members contribute to the grouping. The liability of the members for the debts of the EEIG is typically unlimited and joint, meaning each member can be held responsible for the entire debt. This is a significant characteristic of the EEIG structure.

The activities of an EEIG must be ancillary to the principal economic activities of its members. This means the EEIG itself should not be the primary profit-generating activity for its members; rather, it should support and enhance their existing businesses. Membership in an EEIG is open to natural persons, companies, and other legal entities formed in accordance with the law of an EU member state. The EEIG must have at least two members from different member states. Its objectives are typically focused on shared services, research, or joint market development.