> Current EU company structures like the European Company (SE) are made for public companies and ill-suited for startups due to high capital requirements, complex formation processes, and heavy administrative burdens. A flexible, tailored EU-wide entity for startups will solve these issues.

From the FAQ https://www.eu-inc.org/faq

Thank you - it is indeed €120k minimum capital

Then I suggest they make noise to lower it to €1 - much easier than creating a new legal structure