The MBB and European Parliament Information Office in Malta held a stakeholder consultation session on the European Commission’s proposal for a directive on ‘single-member private limited liability companies’.

The proposal, which is being discussed by the JURI and IMCO committees, encourages EU Member States to create a new national company form that would be harmonised across Europe. This would ensure that single-member companies established in other jurisdictions would benefit from the same set of rules across the EU. This would be called ‘Societas Unius Personae’ (SUP).

Among the stakeholders were the Malta Institute of Accountants, the Kunsill Nutarili ta’ Malta, the Malta Financial Services Authority, the Malta Chamber of Commerce, Enterprise and Industry, and a number of legal practitioners.

The event was moderated by Omar Cutajar, MBB’s then EU Affairs Manager, whereas MBB Policy Executive Mark Seychell presented an outline of the Commission’s proposal, which provided the basis of the discussion.