EUROPEAN COMPANY (SOCIETAS EUROPAEA) FOR ENTIRE INTEGRATION IN THE COMMUNITY MARKET

Abstract

By adopting the Regulative 2157/2001 for establishing the Statute of the European Company
(Societas Europaea) and relating Council Directive 2001/86/ES of 8. October 2001 for
supplementing this Regulative with regard to the involvement of employees in the European
company, legal frame for establishing stock companies on the territory of EU has been made, i.e.
it has been made possible for the companies to found a company on the basis of European law,
with a unique set of rules and unified management, and information systems as well. Practically,
the European company or "Societas Europaea" ("SE"), is a "big step forward" for the companies
that have operations in several EU member countries. In this way, the differences existing among
national legislations have been overcome, the problems with organizing at least one legal person
for each operating country have been eliminated, and the costs and time needed for interboundaries business working, have been decreased. The most important advantages of SE are the
following ones: simplifying business running within the EU, taxes complexity relief, providing
effective management structures and easier inter-boundaries integrations. Additionally, the
Directive 2001/86/EC settles the involvement of the employees in the company management, and
their informing and consulting concerning the essential issues associated with working. Within the
process of harmonizing the European legislative, R. N. Macedonia passed a Law for a European
company, and in this way, it has joined the other European countries supporting this legislation.
The European Commission presents the concept of Societas Europaea as an important mechanism
towards achieving entire integration in the Community market.