A European Economic Interest Grouping (EEIG) is a type of legal entity created on 1985-07-25 under European Community (EC) Council Regulation 2137/85. It is designed to make it easier for companies in different countries to do business together, or to form consortia to take part in EU programmes.
Its activities must be ancillary to those of its members, and, as with a partnership, any profit or loss it makes is attributed to its members. Thus, although it is liable for VAT and employees’ social insurance, it is not liable to corporation tax. It has unlimited liability. It was based on the pre-existing French groupement d´intérêt économique (G.i.e.).
Several thousand EEIGs now exist, active in fields as varied as agricultural marketing, legal advice, research and development, osteopathy, motorcycle preservation and cat-breeding. One of the more famous EEIGs is the Franco-German television channel ARTE. Among other EEIGs:
- EALA (European Advertising Lawyers Association)
- EDCTP: European and Developing Countries Clinical Trials Partnership
- EURESA (operational and flexible tool for cooperation and collaboration among ten European insurance companies belonging to the Social Economy)
- Eurocité basque Bayonne - San Sebastian
- European Business School Paris
- Eurostar
- Thalys
- European Vaccine Initiative: European Vaccine Initiative : EVI
Read more about European Economic Interest Grouping: Abbreviations
Famous quotes containing the words european, economic and/or interest:
“In verity ... we are the poor. This humanity we would claim for ourselves is the legacy, not only of the Enlightenment, but of the thousands and thousands of European peasants and poor townspeople who came here bringing their humanity and their sufferings with them. It is the absence of a stable upper class that is responsible for much of the vulgarity of the American scene. Should we blush before the visitor for this deficiency?”
—Mary McCarthy (1912–1989)
“Our country has deliberately undertaken a great social and economic experiment, noble in motive and far- reaching in purpose.”
—Herbert Hoover (1874–1964)
“... there is nothing more irritating to a feminist than the average “Woman’s Page” of a newspaper, with its out-dated assumption that all women have a common trade interest in the household arts, and a common leisure interest in clothes and the doings of “high society.” Women’s interests to-day are as wide as the world.”
—Crystal Eastman (1881–1928)