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European Small businesses comprise all types of firms starting from one-person companies to co-operatives. While some Small businesses supply more or less traditional services or expertise products, many others are fast growing high-tech businesses. Despite their differences, though, Europe’s Small entreprises share many challenges.
European Commission, Details on the outcome of the former consultation on a Small Business Act for Europe, in Spring 2008.
The records show the amount of replies regarding the subsequent issues:
Administrative and regulatory load: a hundred and forty replies,
Access to finance: 98 replies,
Taxation: sixty one replies,
Lack of skills: forty three replies,
Access to public procurements: forty one replies,
Unfair/too strong competition: 22 replies,
Labour law: 22 replies,
Access to Single Market: seventeen replies,
Access to EU programmes: sixteen replies,
Late payments: 16 replies,
Access to international markets: 16 replies. If you are in this particular case, you need Free website translation.
Access to info and recommendation: sixteen replies,
Instability world economy/energy prices: 16 replies,
SME definition: 7 replies.
Making life easier for sme.
For most small and medium-sized businesses, the executive burden is their primary problem. The cost of administrative procedures for a small company will be up to 10 times more than for a larger one making this inconvenience unduly grave for small business. This is why the European Commission has set itself two strategic goals:
First intention is to cut back the administrative load on entrepreneurs by 25% before 2012 and to ensure that all additional regulations affecting business is SME-friendly. To attain this objective, the Commission is simplifying and improving European regulations, and inspiring state and regional authorities to do the same at their levels.
Less and better directive.
The European Commission’s 2007 action programme to reduce administrative inconvenience by twenty five% has identified priority areas for action that target info obligations in areas such as company law, employment relations, VAT and statistics. Some of these obligations have previously been erased.
As an example:
- European firms now not need to announce business knowledge in the national gazettes and they can (re-)use translations certified in one Member State when opening branches in other EU Member States.
- Member States ought to be allowed the choice to exempt micro-enterprises from providing detailed knowledge in their annual accounts.
A twenty five% reduction in the executive load on companies would transform into a rise of 1.5% in the EU’s GDP – amounting to about €150 billion. But, this may only be achieved by national, regional and local authorities acting together with the Commission. Thus far eighteen Member States have set national targets for reducing administrative loads.
Did you know?
Since 2005, the EU Commission has:
A – Withdrawn seventy eight pending laws,
B – Simplified 54 initiatives,
C – Identified 2 500 obsolete acts to be repealed.
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