How the European Business Wallet Simplifies Interaction Between Businesses and Governments

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What is the European Business Wallet?

The European Business Wallet is a new initiative by the European Commission designed to give companies a secure, trusted digital identity recognized across all EU member states. It enables businesses to prove who they are, what licenses or certifications they hold, and to interact directly with public authorities.

Why does this matter for businesses?

Many companies, especially small and medium-sized enterprises (SMEs), waste a lot of time filling out forms, submitting documents, and waiting for approvals from various government bodies. Each new interaction often means repeating the same steps. This is inefficient and prone to errors.

The European Business Wallet addresses this by making the process faster and more standardized.\

Less paperwork, more automation

With the Business Wallet, companies can store official documents like licenses, business registrations, articles of incorporation, and certificates in digital form. These can be securely shared and instantly verified by government bodies.

This makes it:

Easier to apply for permits
Faster to validate company data
Possible to automate many interactions with authorities

For example, a company applying for an environmental permit for a construction project can instantly share all necessary documents directly from the wallet.

Real-time government transactions

The Business Wallet also enables real-time communication with public authorities. Applications and approvals can happen instantly, eliminating delays caused by paperwork or manual verification.

This is especially useful for:

Participating in public tenders
Cross-border trade or service delivery
Tax submissions and business registrations

Thanks to standardized formats, these transactions can be quick and error-free, even across different EU countries.

A step toward digital simplicity in Europe

The European Business Wallet is part of the EU’s broader goal to reduce bureaucracy, increase digital services, and strengthen the internal market. For companies, it means less paperwork, fewer delays, and more time to focus on business.

Conclusion

The launch of the European Business Wallet marks a key move toward a digital future where businesses spend less time on admin and more time growing. By standardizing processes and enabling real-time interactions, it makes working with governments simpler, faster, and more secure.