Export oriented small and medium sized companies have been waiting for the societas privata europaea spe for many years the spe is a quick and inexpensive way to start up foreign business activities it can be incorporated by transforming a national company. A european private company latin societas privata europaea spe is a legal form for a limited liability company that is being proposed by the european commission to be introduced across the european union. In 2002 a high level group of company law experts organized by the european commission proposed the creation of the european private company or societas privata europaea spe the commission adopted an spe proposal in 2003 followed up by a proposal for a council regulation on the statute for a european private company spe
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