{"id":9800,"date":"2022-11-10T00:00:00","date_gmt":"2022-11-10T00:00:00","guid":{"rendered":"https:\/\/www.cinc.com\/start-ups-law\/"},"modified":"2022-11-10T00:00:00","modified_gmt":"2022-11-10T00:00:00","slug":"start-ups-law","status":"publish","type":"post","link":"https:\/\/www.cinc.com\/en\/start-ups-law\/","title":{"rendered":"Start-ups Law"},"content":{"rendered":"<div style=\"text-align: justify;\">\n<div>\n<div>\n<div>\n<div>\n\t\t\t\t\tOn November 3th, 2022, the green light was given to the approval of the new law on Promotion of the Emerging Business Ecosystem, or better known as the Start-Ups Law, which is expected to enter into force, by the government, on January 1, 2023.<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tIt&rsquo;s established as the definition of &ldquo;Start-up&rdquo; those new created companies with less than 5 years of existence or seven in the case of biotech companies or from the industrial or energetic field.<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n<h2 class='h2Noticia'>What does it offer?<\/h2>\n<hr\/>\n<\/div>\n<div>\n\t\t\t\t\tThe aim of this law is to streamline the administrative procedures required to incorporate companies, among which:<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<ul>\n<li>\n\t\t\t\t\t\tFree of charge, in some cases, of Notary and Registrar formalities provided that the company is created telematically and within 6 hours.<\/li>\n<li>\n\t\t\t\t\t\tRemove the requirement to have a Foreigners&rsquo; identity Number (NIE)&nbsp; for non-residents in Spain who wish&nbsp; to invest in an emerging company.&nbsp;<\/li>\n<li>\n\t\t\t\t\t\tReduce to one euro the social share necessary to<\/li>\n<\/ul>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tIn addition, the new law also offers a series of tax benefits, among which we highlight the following:<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<ul>\n<li>\n\t\t\t\t\t\tReduction of corporate tax from the current 25% to 15% during the first 4 years, provided that the taxable base is positive.<\/li>\n<li>\n\t\t\t\t\t\tA rebate on the self-employed contribution will be granted for three years to those people who start their project while continuing to work for third parties.<\/li>\n<li>\n\t\t\t\t\t\tRaise the tax exemption for stock options from the current &euro;12,000 to &euro;50,000.<\/li>\n<li>\n\t\t\t\t\t\tIncrease the maximum base of the deduction for investment in new or recently created companies. With the new law, the first 100,000 euros will be exempt from taxation (as opposed to the current 60,000 euros).<\/li>\n<li>\n\t\t\t\t\t\tThe deadline for investing in start-ups has been increased from 5 to 7 years.<\/li>\n<li>\n\t\t\t\t\t\tBusiness Angels&quot;, understood as investors with sufficient economic solvency who invest in start-ups in their founding partner phases, are allowed a deduction of up to 50% &#8211; with a maximum limit of 100,000 euros &#8211; on the investment.<\/li>\n<\/ul>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n<h2 class='h2Noticia'>The law on start-ups and digital nomads<\/h2>\n<hr\/>\n<\/div>\n<div>\n\t\t\t\t\tThe implementation of this law aims to attract the so-called &quot;digital nomads&quot;, who are those people who have the possibility of teleworking and therefore being able to change their residence on a regular basis.<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tThe start-up law will allow them to live and work in Spain for a period of five years and they will be subject to non-resident income tax.<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tAt the same time, a new visa focused on teleworking has been created, whose function is to allow these digital nomads to live in Spain for a maximum period of one year.<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tFinally, investors and freelancers from other countries who work for Spanish start-ups will be able to benefit from the impatriate regime.<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tIf you have any queries, please do not hesitate to contact <a href=\"https:\/\/www.cinc.com\/en\/assessoria\/assessoria-juridica\" target=\"_blank\" rel=\"noopener\">our legal advice department<\/a><\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\tOr call any of our centres:<\/div>\n<div>\n\t\t\t\t\t933 03 060 (Barcelona)<\/div>\n<div>\n\t\t\t\t\t972 505 100 (Figueres)<\/div>\n<div>\n\t\t\t\t\t972 940 940 (Girona)<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<div>\n\t\t\t\t\t&nbsp;<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<div style=\"text-align: justify;\">\n\tOn November 3th, 2022, the green light was given to the approval of the new law on Promotion of the Emerging Business Ecosystem, or better known as the Start-Ups Law, which is expected to enter into force, by the government, on January 1, 2023.<\/div>\n","protected":false},"author":2,"featured_media":9801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,34],"tags":[],"class_list":["post-9800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-consultancy","category-enterpreneur"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg","uagb_featured_image_src":{"full":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",1113,361,false],"thumbnail":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",150,49,false],"medium":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",300,97,false],"medium_large":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",768,249,false],"large":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",960,311,false],"1536x1536":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",1113,361,false],"2048x2048":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",1113,361,false],"gform-image-choice-sm":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",300,97,false],"gform-image-choice-md":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",400,130,false],"gform-image-choice-lg":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/330.jpg",600,195,false]},"uagb_author_info":{"display_name":"Utrans","author_link":"https:\/\/www.cinc.com\/en\/author\/utrans\/"},"uagb_comment_info":0,"uagb_excerpt":"On November 3th, 2022, the green light was given to the approval of the new law on Promotion of the Emerging Business Ecosystem, or better known as the Start-Ups Law, which is expected to enter into force, by the government, on January 1, 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