The EU has created the statute of European company, dubbed SE for Societas Europeae.
An SE will be able to operate on a European-wide basis and be governed by Community law directly applicable in all Member States. The European Company Statute will be established by two pieces of legislation, namely a Regulation (directly applicable in Member States) establishing the company law rules and a Directive (which will have to be implement in national law in all Member States) on worker involvement.
The goal is to provide a uniform ground (legal, financial, administrative) to reduce the operating costs and burden for pan-European companies. Potential savings in terms of administrative costs were estimated to be up to 30 billion euros per year. This statute has yet to be formally adopted.