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Document 11957E052

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART TWO - FOUNDATIONS OF THE COMMUNITY, TITLE III - FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL, CHAPTER 2: RIGHT OF ESTABLISHMENT, ARTICLE 52

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ELI: http://data.europa.eu/eli/treaty/teec/art_52/sign

11957E052

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART TWO - FOUNDATIONS OF THE COMMUNITY, TITLE III - FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL, CHAPTER 2: RIGHT OF ESTABLISHMENT, ARTICLE 52


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ARTICLE 52

WITHIN THE FRAMEWORK OF THE PROVISIONS SET OUT BELOW , RESTRICTIONS ON THE FREEDOM OF ESTABLISHMENT OF NATIONALS OF A MEMBER STATE IN THE TERRITORY OF ANOTHER MEMBER STATE SHALL BE ABOLISHED BY PROGRESSIVE STAGES IN THE COURSE OF THE TRANSITIONAL PERIOD . SUCH PROGRESSIVE ABOLITION SHALL ALSO APPLY TO RESTRICTIONS ON THE SETTING UP OF AGENCIES , BRANCHES OR SUBSIDIARIES BY NATIONALS OF ANY MEMBER STATE ESTABLISHED IN THE TERRITORY OF ANY MEMBER STATE .

FREEDOM OF ESTABLISHMENT SHALL INCLUDE THE RIGHT TO TAKE UP AND PURSUE ACTIVITIES AS SELF-EMPLOYED PERSONS AND TO SET UP AND MANAGE UNDERTAKINGS , IN PARTICULAR COMPANIES OR FIRMS WITHIN THE MEANING OF THE SECOND PARAGRAPH OF ARTICLE 58 , UNDER THE CONDITIONS LAID DOWN FOR ITS OWN NATIONALS BY THE LAW OF THE COUNTRY WHERE SUCH ESTABLISHMENT IS EFFECTED , SUBJECT TO THE PROVISIONS OF THE CHAPTER RELATING TO CAPITAL .

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