The EU is an intergovernmental economic union that aims to promote free trade and achieve economic stability, as well as a common European internal market stretching across the territory of the 28 EU member states. In terms of incorporation, each country in the EU has certain specific advantages, not to mention particularities in terms of the legal procedures for setting up a business, which may differ between jurisdictions. Some jurisdictions offer relatively quick and accessible remote business formation and maintenance, while others do not have blacklisted jurisdictions or offer a great opportunity to minimize taxation (sometimes even to 0%). According to statistics from the European Business Register, the vast majority of companies within the EU are incorporated as standard limited companies (LLCs).