“In the coming weeks” the government will present the consolidated text on start-ups and innovative companies, along with what the Minister of Enterprises and Made in Italy, Adolfo Urso, has defined as “the business wallet” for companies. He announced this via video link at the Espresso Setteidee festival, explaining that the tool will allow “with a single document” companies “to operate in all Italian and European areas.”
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The European project
At the European level, the European Business Wallet is the proposed regulation published by the Commission on November 19, 2025, part of the digital package for regulatory simplification of EU companies. The text, not yet adopted, passed a public consultation that closed on May 6, 2026, and is now under review by the European Parliament and the Council.
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The functions
The digital wallet would function as the unique identity of the company in relations with public administrations throughout the Union. The expected functions: verify the identity of the counterpart and prove one’s own; create, store, and share verified documents such as licenses, permits, and certificates; sign, timestamp, or digitally seal acts; delegate third parties to act on behalf of the company; communicate with other companies or public entities through a secure channel, the “qualified electronic registered delivery service.”
The expected benefits
Regarding the expected benefits, the Commission provides two distinct estimates, referring to different time horizons: up to 5 billion euros of cumulative savings on administrative costs by 2029 thanks to the entire simplification package, and at least 160 billion euros per year of potential savings specifically attributed to business wallets once fully operational.
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