Cricket Scotland, the KNCB and Cricket Ireland have given the go-ahead for the T20 European League to launch later this summer.
CricketEurope understands that the three countries have signed a deal with Indian sports marketing firm Mercuri, which invested heavily in the Canada League in 2018.
The inaugural season will have six teams featuring, two from each country, with the games broadcast.
The competition is expected to run in late August and early September, which may cause some disruption to domestic cricket.
With the T20 World Cup Qualifiers due to be held in October, the event will give ideal preparation for the three countries involved.
While there are clashes with both the ECB T20 Blast and the Caribbean Premier League which will restrict any global superstars, it's hoped that enough quality players will be persuaded to take part.