The law regulating the closed company (private limited company, GmbH) is undergoing massive changes. For instance, France and Spain no longer impose a minimum capital to be raised at the company's formation, thus making it easier and faster for entrepreneurs to incorporate in these jurisdictions. In the UK a new Companies Bill, which expressly seeks to attract new companies to England as well as to simplify existing companies' legislation, has been put before Parliament. Belgium and Luxemburg have also dramatically reduced the administrative burden associated with forming and incorporating a closed company. Cécile Bervoets and Eva-Désirée Lembeck give an overview on company law reform within different Member States of the European Union.