Startup legislation is on course to be approved in Congress

representative of congress approved it on thursday Bill to promote ecosystem of emerging companies, popularly called ‘Startup Law’. The rules primarily envisage two lines of reform for entrepreneurs: simplification of administrative procedures, on the one hand, and a series of tax incentives, on the other.

During its parliamentary process, they have included Over 80 revisions to the project,

Latest changes introduced served Include cooperatives in the governance of emerging companiesAllow recognition of a startup by Enissa (National Innovation Company, SA) or positive administrative silence in deepening the criteria when evaluating the degree of innovation and scalability of a business.

others recognize the potential for change tax agency For Check that the requirements necessary to benefit from tax incentives are met and kept in force And it extends the penalty limit provided for reversing these gains if a partner is sentenced, which will only apply if the person sentenced holds at least 5% of the capital.

another, Access to benefits per highly qualified professional is equal to those with vocational training studies And the requirement for companies to hire these workers has been abolished and the permission for foreign higher education students to find employment or start a business project after completing their studies has been extended for another year, totaling Up to two

allows another agreed change that a single partner can register up to one quarter start up And take advantage of the benefits expected by another company expanding the range provided so far in the standard.

Calvino, proud of the new law

Minister of Economic Affairs and Digital Transformation, Nadia Calvinohas exposed in a video the ambition of the ‘Startup Law’ measures approved this Thursday in the Congress of Deputies this Tuesday.

Calviño, who lived through the vote during a visit to the United States, celebrated the ratification and defined the law as “An important reform to boost entrepreneurship in the new digital economy”,

on recording, Outlined a “very friendly” structure made for this type of company And highlighted some of the measures included in the legislative text, such as a one-stop shop to obtain a startup certificate or the possibility of forming a company in six hours without notary or registration fees.

Also evaluated Tax treatment for own companiesinvestors and workers of the same, such as reduction in corporate tax and changes in taxation stock optionwhich will be taxed only on the occurrence of the liquidity event.

On the other hand, you also mentioned the innovative public procurement reform Willingness to facilitate public-private collaboration with these companiesAlso streamlining visas for skilled workers and digital nomads.

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