When Michael McGrath announced the EU Inc. proposal, it was presented as a paradigm shift for Europe’s homegrown companies and start-ups. EU Inc, also known as the 28th regime, is a proposal to create a pan-EU company type that harmonises company registrations to avoid fragmentation in raising capital and scaling businesses in Europe. European Commissioner McGrath’s initiative would see a start-up register its company in one country, which is recognised across the bloc. In theory, capital and talent could flow much more easily. It’s largely been welcomed by Europe’s tech sector in its bid to compete with US tech but,…

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