The European Commission has introduced a digital package designed to help businesses spend less time on administrative work and compliance and more time innovating and scaling up. The Digital package marks the seventh Commission’s omnibus proposal. It aims to keep companies at the forefront of technology while protecting fundamental rights, data, safety and fairness. At the centre of the initiative is a digital omnibus that simplifies existing rules on artificial intelligence, cybersecurity and data. The package also includes a Data Union Strategy to unlock high-quality data for AI and European Business Wallets that will provide companies with a single digital identity, making it much easier to operate across all EU Member States. 

The proposal adjusts the timeline for applying high-risk AI rules, links compliance to the availability of support tools and extends simplifications for SMEs and small mid-cap companies. It introduces a single-entry point for cybersecurity incident reporting and targeted amendments to GDPR that simplify compliance while maintaining the highest level of personal data protection. Further measures improve access to data by consolidating rules, introducing exemptions for smaller companies and offering practical guidance.

European Business Wallets will enable companies to securely create, store and exchange verified documents, sign and seal paperwork, and communicate digitally with public authorities across the Union. The Commission estimates up to €5 billion in reduced administrative costs by 2029 and as much as €150 billion saved each year once Business Wallets are widely used. These steps are part of a broader effort to make doing business in the EU simpler, less costly and more efficient.