EEIG

(abbr. of European Economic Interest Group)

An EEIG is an entity used as method of cross-border co-operation to help businesses establish links with firms in other EU member states on a simple and cost-effective basis. The aim of the EEIG is to facilitate or develop the economic interests of its members (which must be from EU Member states). It cannot make profits (for tax purposes these are distributable amongst its members), control its members or raise income from the public, but it can sue and enter into contracts in its own name. Registration of an EEIG may be done through the Companies Registry in the UK.