A European economic interest grouping (EEIG) is a vehicle that allows companies or individuals of different member states to combine and register a grouping that has a legal personality and can operate across national frontiers.
An EEIG is set up in much the same way as a company but has unlimited liability. A number of restrictions apply in case of EEIGs. For example, they are prohibited from seeking funds from the public.
Organisations from non-EU countries may not become members of an EEIG.
Any profits, losses or gains must be split between the members according to their share and taxed on the members according to national law in the normal way. An EEIG is not subject to any accounting or auditing requirements and does not need to file annual return with the Registrar of Companies.