European Economic Group of Interest: the future of cooperation
a legal entity under transnational Community law that stimulates and implements relations between European partners
03/01/2023
The E.E.I.G., (European Economic Group of Interest) due to its increasing demand by companies in the area of transnational activities, has become an interesting variant of cooperation in different economic fields, such as the establishment of joint management of purchasing and sales, joint research and development projects or cooperation in the area of personnel, such as the provision of training courses.
It is an instrument that can be likened to our business network and is viewed positively by the European Union because it is born, develops and grows as a legal entity under transnational Community law that stimulates and implements relations between European partners (a priority objective for the EU).
It has a streamlined organisation because it has no major staffing requirements and even the management itself serves as a useful and simple coordination between the parties. It allows resources to be pooled and business opportunities to be increased in synergy without them coming into conflict, as the entity cannot make a profit so each actor would then have its share of the profits turned over to itself, even though it could offer itself on the market under the joint EEIG banner. It is the ideal tool, therefore, for those who intend to cooperate and pool their energies at a transnational and cross-border level in order to take advantage, in an agile and stronger way, of the various opportunities that European public fund programming (with the addition of the NEXT GENERATION EU) and the single market with the integration of economies increasingly offer.
