For example, EEIGs will be particularly useful for activities that are too costly for one company alone but that become economically feasible if carried out in cooperation with partners.
Apart from joint ventures, and now EEIGs, the only way to set up business operations abroad is to take over or merge with a local firm or to set up a new company or branch.
An EEIG must comprise at least two members whose head offices or main activities are in different member states.
The activities of an EEIG have to be related to the economic activities of its members and must not be more than ancillary to those activities.
As such, the concept is the logical extension of the processes that have given rise to the EEIG.