EU Business Wallet

POSITION | DIGITAL POLICY | E-GOVERNMENT

EU Business Wallet Contribution to the European Commission’s call for evidence

12 June 2025 Reducing the bureaucratic burden and streamlining the EU’s rulebook have the potential to unleash Europe’s innovation potential, and thereby, enhancing the EU’s long-term competitiveness. Since businesses have on average 200 contacts with the public administration per year and have to fulfil an everincreasing amount of reporting obligations – not least due to EU legislation – an EU Business Wallet as part of a full-fledged EU digital identity framework can facilitate the interactions between businesses and governments (B2G) as well as between businesses (B2B). The EU Business Wallet will provide organisations with a verified digital business identity. To achieve a uniform digital organisational identity, it should be possible to create digital, verifiable proofs of corporate identity and associated authorisations that a company can use in a variety of application scenarios, such as when opening bank accounts, issuing and managing digital product passports (DPPs) and in Industry 4.0 applications, such as data spaces. It would also facilitate the automation of compliance processes, for example, in export controls for dual-use goods or the secure exchange of critical infrastructure data in sectors, such as banking, transport and energy. As business wallets are used to manage identity data for legal entities, such as companies and organisations, they must support the management of a variety of business-related credentials, including business licences, compliance certificates, powers of attorney and contracts. For companies operating in various EU Member States, a single EU business wallet entails the possibility to end the necessity to report certain information, such as cybersecurity incidents under the NIS 2 Directive, in each country separately, since a business wallet would facilitate information exchange between EU Member States. The eIDAS Regulation already requires a mandatory European Identity Wallet for legal entities, but the implementation has so far only provided rudimentary details regarding legal entities, particularly within the implementing acts, for example through incomplete definitions of the composition, issuance and other special requirements for the Person Identification Data (PID) for legal entities. In our opinion, this should be addressed first and foremost. However, existing gaps should always be closed directly within the existing legal acts in order to avoid fragmentation of governance. One the following pages, BDI outlines its policy recommendations for measures to be taken at European and national level and proposes practical considerations for the implementation of the EU Business Wallet.

Turn static files into dynamic content formats.

Create a flipbook