A business carried out by a legal or natural person lays the foundations of a modern and competitive EU economy. Technological innovation, globalization and the growing importance of human capital are shaping the environment for the development of entrepreneurial ideas that translate into a prosperous dynamic and knowledge-based economic sector. EU enterprise policy pays special attention to the needs of start-ups and existing small and medium-sized enterprises (SMEs) by minimizing potential risks and encouraging their continued development. As the importance of the role of entrepreneurship in globalization is constantly growing, the business and legal environment that affects entrepreneurs who want to start their own business requires further consideration. The aim of this paper is to analyze the EU dimension of entrepreneurship and present activities undertaken at the community level to encourage entrepreneurial motivation, reduce potential risks and create a favorable business environment for the growth and expansion of small and medium enterprises.