Date of publication: 28/01/2026

Deadline: until 13/02/2026

Objectives of the standard

The European Business Portfolios, as a new legal instrument, aim to provide a harmonised, trusted and user-friendly digital framework for economic operators and public sector bodies to identify, authenticate and exchange data securely and with full legal effect across the borders of the European Union.

The proposal for the European Business Portfolios responds to the demand for simplification by achieving the following specific objectives:

• Reduce administrative burdens, simplify compliance processes and improve service delivery.
• Ensure that economic operators and public sector bodies have access to secure and reliable cross-border digital identification that meets the needs and demands of users.

Content of the standard

Chapter I sets out the object and scope of the proposal that applies to the provision and acceptance of European Business Portfolios. In addition, it establishes the definitions used throughout the instrument. The definition of European Business Portfolios is deliberately broad and technologically neutral in order to give flexibility to various market-driven solutions and future technological developments.

Chapter II sets out the main components of the European Business Portfolios framework. It establishes the principle of legal equivalence, which acts as a provision that equates actions carried out through a European Portfolio for Companies with those carried out in person, on paper or by any other means or process: an essential element to eliminate administrative frictions in the exchanges in question. The principle of equivalence also applies to the use of the qualified service of certified electronic delivery by self-employed workers and individual entrepreneurs.

The same chapter defines a minimum interoperable set of basic functionalities, together with a qualified electronic delivery service certified as a separate service for users of the European digital identity portfolios, accompanied by technical requirements, which are extended in the annex and are expected to be supplemented by implementing acts. The provisions of this chapter also deal with who can provide European Business Portfolios, the relevant requirements to be met by such legal entities and the process that an eligible entity must follow at national level to be included in the list of trusted suppliers.

In order to ensure consistent cross-border recognition, the proposal is based on the identification data of the owners of the European Business Portfolios issued as electronic statements of attributes by qualified trust service providers, national public sector bodies or by the Commission in the case of Union entities. The use of these statements ensures that any owner of a Business Portfolio can be reliably identified on the basis of official and verifiable information. In addition, each owner of a business portfolio is credited with a unique identifier. Where a European unique identifier is assigned under Company Law Directive (EU) 2017/1132 or the Anti-Money Laundering Directive, Business Portfolios shall use the European unique identifier as a unique identifier. In other cases, Member States designate existing national registers and corresponding registration numbers as a genuine source for generating an equivalent identifier. The structure and technical specifications of this identifier, which ensure uniqueness and interoperability throughout the Union, shall be defined by means of implementing acts.

Chapter II also sets out the governance and oversight mechanism. In order to minimise fragmentation and take advantage of existing expertise, the proposal designates the eIDAS supervisory bodies to act as supervisory authorities in each of the Member States for business portfolio providers established in their respective territories.

Chapter III sets out the obligations imposed on public sector agencies. These provisions ensure that public sector bodies allow economic operators to use the European Business Portfolios for the purposes of identification, authentication, signature or stamp, presentation of documents and sending or receiving notifications in administrative or information procedures.

Chapter IV sets out the international dimension of the European Business Portfolios framework, and provides for the possibility of recognising systems developed in third countries that offer functionalities equivalent to those of the proposal where the relevant conditions ensure a comparable level of trust, security and interoperability.

Chapter V contains the horizontal and final provisions. It provides for the evaluation and revision of the proposal for a regulation in order to assess the effectiveness of its application and the functioning of the supervisory framework.

Deadline and submission of comments:

In order to identify the aspects of the proposal for a regulation that have the greatest impact for Spain and encourage the participation of the citizens and national sectors affected, a public participation process is opened to obtain comments on the documents presented by the European Commission, whose link is at the end of this page.

Comments may be submitted from January 28 to February 13, 2026, inclusive.

The email address to send the comments is:

departamento.disruptivas@digital.gob.es

Link to the proposal for a regulation of the European Parliament and of the Council on the establishment of European business portfolios:

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52025PC0838