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European Small entreprises comprise all types of corporations ranging from one-person companies to co-operatives. Whilst some Small businesses provide more or less traditional services or craft products, many others are fast growing high-tech companies. Despite their differences, though, Europe’s Small entreprises share many challenges.

European Commission, Report on the results of the previous consultation on a Small Business Act for Europe, in Spring 2008.

The figures point out the number of replies regarding the following problems:
Administrative and regulatory inconvenience: one hundred forty replies,
Access to finance: ninety eight replies,
Taxation: 61 replies,
Lack of skills: 43 replies,
Access to public procurements: 41 replies,
Unfair/too robust competition: twenty two replies,
Labour law: twenty two replies,
Access to Single Market: 17 replies,
Access to EU programmes: 16 replies,
Late payments: sixteen replies,
Access to international markets: 16 replies. If you are in this particular case, you need Website translation.
Access to information and advice: sixteen replies,
Instability world economy/energy prices: 16 replies,
SME definition: seven replies.

Making life easier for small business.
For many small and medium-sized companies, the executive inconvenience is their top dilemma. The charge of administrative procedures for a small business can be up to 10 times more than for a larger one making this obligation disproportionately grave for small company. This is why the EU Commission has set itself 2 strategic targets:

First objective is to reduce the executive inconvenience on businesses by 25% before 2012 and to make sure that all further legal acts affecting business is SME-friendly. To achieve this purpose, the Commission is simplifying and improving EU legislation, and encouraging local and regional authorities to try to to the identical at their levels.

Less and better regulation.
The European Commission’s 2007 action programme to cut back administrative load by 25% has identified priority areas for action that focus on data obligations in areas like company law, employment relations, VAT and statistics. Some of these obligations have already been scrapped.

For instance:
- European union firms not need to announce business data in the national gazettes and they will (re-)use translations certified in one Member State when creating branches in other EU Member States.
- Member States ought to be allowed the option to exempt micro-enterprises from providing detailed knowledge in their annual accounts.

A 25% reduction in the executive problem on companies would rework into a rise of 1.5% within the EU’s GDP – amounting to about €150 billion. However, this can only be achieved by national, regional and local authorities acting together with the Commission. Thus so much eighteen Member States have set national targets for reducing administrative loads.

Did you know?
Since 2005, the European Commission has:
A – Withdrawn seventy eight pending laws,
B – Simplified fifty four initiatives,
C – Identified 2 500 obsolete acts to be repealed.

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