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The AWS Sovereign Cloud is still owned 100% by Amazon Inc. in the US. Not saying that rules it out for all use cases, but something that should be mentioned. "Sovereignty" is a somewhat vague term.

Building a SaaS in 2026 Using Only EU Infrastructure

https://eualternative.eu/guides/building-saas-eu-stack/

Building a SaaS in 2026 Using Only EU Services

A practical guide to building a SaaS product on a 100% European stack: hosting, payments, CDN, analytics, and transactional email.