{"id":8490,"date":"2022-12-01T18:05:33","date_gmt":"2022-12-01T18:05:33","guid":{"rendered":"https:\/\/gmtaxconsultancy.com\/null\/principals-novetats-introduides-llei-startups\/"},"modified":"2024-02-20T17:01:07","modified_gmt":"2024-02-20T17:01:07","slug":"startup-law","status":"publish","type":"post","link":"https:\/\/gmtaxconsultancy.com\/en\/law\/startup-law\/","title":{"rendered":"\u00a1Startup Law"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; vertical_offset_tablet=&#8221;0&#8243; horizontal_offset_tablet=&#8221;0&#8243; z_index_tablet=&#8221;0&#8243; text_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; text_text_shadow_vertical_length_tablet=&#8221;0px&#8221; text_text_shadow_blur_strength_tablet=&#8221;1px&#8221; link_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; link_text_shadow_vertical_length_tablet=&#8221;0px&#8221; link_text_shadow_blur_strength_tablet=&#8221;1px&#8221; ul_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; ul_text_shadow_vertical_length_tablet=&#8221;0px&#8221; ul_text_shadow_blur_strength_tablet=&#8221;1px&#8221; ol_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; ol_text_shadow_vertical_length_tablet=&#8221;0px&#8221; ol_text_shadow_blur_strength_tablet=&#8221;1px&#8221; quote_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; quote_text_shadow_vertical_length_tablet=&#8221;0px&#8221; quote_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_2_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_2_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_2_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_3_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_3_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_3_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_4_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_4_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_4_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_5_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_5_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_5_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_6_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p class=\"p1\">The Law for the promotion of the ecosystem of emerging companies (known as the \u201c<i>Startups Law<\/i>\u201d) has recently been approved in the Congress of Deputies, which will be published in the BOE in the coming days and will take effect from the 1st of January 2023.<\/p>\n<p class=\"p1\">Relevant modifications to tax laws and tax incentives for this type of company are approved, with the objective of increasing the investment of emerging companies in Spain by 20% in less than 3 years.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The most relevant points of this law are as follows:<\/p>\n<p>Scope of application: <b>start-ups<\/b> (technology-based) that meet the conditions of:<\/p>\n<ul>\n<li>Being newly created, or that no more than 5 years have elapsed since registration in the Mercantile Register.<\/li>\n<li>Not having arisen from a merger, spin-off or transformation of companies that are not considered to be emerging.<\/li>\n<li>Have its registered office or permanent establishment in Spain.<\/li>\n<li>At least 60% of the workforce must be employed in Spain.<\/li>\n<li>Not distribute dividends.<\/li>\n<li>Not be listed on a regulated market.<\/li>\n<li>If they form a group of companies, each of the companies must comply with the above requirements.<span class=\"Apple-converted-space\">\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/gmtaxconsultancy.com\/en\/contact\/?utm_source=blog&amp;utm_medium=post&amp;utm_campaign=CTA_lead\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7864 size-full\" title=\"Need a Consultant?\" src=\"https:\/\/gmtaxconsultancy.com\/wp-content\/uploads\/cta-need-help.png\" alt=\"Need a Consultant?\" width=\"477\" height=\"116\" \/><\/a><\/p>\n<p class=\"p3\"><b>End of application of the incentives (main reasons):<\/b><\/p>\n<ul class=\"ul2\">\n<li class=\"li1\">Failure to comply with some of the above requirements.<span class=\"Apple-converted-space\">\u00a0<\/span><\/li>\n<li class=\"li1\">The end of the 5-year term.<\/li>\n<li class=\"li1\">Being acquired by a non-emerging company<\/li>\n<li class=\"li1\">Exceeding a turnover of 10 million euros.<\/li>\n<\/ul>\n<p class=\"p3\"><b>Certification as an emerging company<\/b>: this must be requested by ENISA. There will be positive administrative silence if ENISA does not respond within 3 months.<\/p>\n<p class=\"p3\"><b>Tax incentives for start-ups:<\/b><\/p>\n<ul class=\"ul2\">\n<li class=\"li1\">The corporate <span class=\"s3\">tax rate<\/span> will be 15% in the first year in which it has a positive taxable base and the following three years.<span class=\"Apple-converted-space\">\u00a0<\/span><\/li>\n<li class=\"li1\"><span class=\"s3\">Deferral<\/span> of taxation in IS (\u201cCorporate Tax\u201d) is allowed for the first two years with a positive taxable base, to be requested at the time of filing the self-assessment tax return.<span class=\"Apple-converted-space\">\u00a0<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\">Delivery to employees of shares or holdings in the company itself (<b>stock options<\/b>): The exemption is increased from \u20ac12,000 to \u20ac50,000 for employees of start-up companies. In addition, in the particular case of options on shares of emerging companies, taxation for the exercise of the option is deferred at the time the option is exercised, that is, at the time of sale.<\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><b>Deduction for investment in start-ups<\/b> (Personal Income Tax, \u201cIRPF\u201d): The deduction rate is increased from 30% to 50%, while the deduction base is increased from \u20ac60,000 to \u20ac100,000.<\/li>\n<\/ul>\n<p>Special regime for workers moved to Spanish territory (<b>Beckham Law<\/b>):<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<ul>\n<li>The number of tax periods prior to moving to Spain in which the taxpayer cannot have been a tax resident in Spain is reduced from 10 to 5 years.<\/li>\n<li>The scope of application is extended to those workers who, regardless of whether moving to Spain has been ordered by the employer, are working remotely (<span class=\"s3\">digital nomads<\/span>), for which an international remote visa will be required.<span class=\"Apple-converted-space\">\u00a0<\/span><\/li>\n<li>The spouse and children under 25 years of age of the main taxpayer will also be eligible for this scheme if certain requirements are met.<span class=\"Apple-converted-space\">\u00a0<\/span><\/li>\n<\/ul>\n<p class=\"p1\">&#8211; <b>Allowance for workers registered as self-employed and employees at the same time<\/b> an allowance of 100% of the contribution of the base established in general, during the first 3 years, is foreseen for workers who are registered in the self-employed regime as they have effective control of an emerging company and who simultaneously work as employees for another employer.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">If you have any doubts related to this or other tax, accounting, or legal issues, please do not hesitate to contact our <a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax-advice-barcelona\/\">tax advisors in Barcelona<\/a> for an <a href=\"https:\/\/gmtaxconsultancy.com\/en\/consultancy-entrepreneurs-barcelona\/\">entrepreneurs and startup consultancy<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<h3>You May Be Also Interested in<\/h3>\n<ul>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/company\/investing-in-spain\/\">Investing in Spanish Start-ups: Tax and Legal Considerations for Investors<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/news\/changes-to-the-beckham-law-following-the-new-startup-law\/\">Changes to the Beckham Law following the new Startup Law<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/company\/phantom-shares\/\">Phantom Shares: The ideal incentive for start-up employees<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/taxation-stock-options-start-up-law\/\">The taxation of Stock Options after the new start-up law<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/law\/how-to-proof-your-status-as-a-startup-company\/\">Proof Your Status as a Startup Company<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/business-angels-in-spain\/\">Business Angels in Spain: Deductions, requirements and more<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/law\/investment-agreement-types\/\">Investment Agreement: Types, Parts, Actions<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/law\/setting-up-a-business-in-spain\/\">Setting up a Business in Spain<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/tax-identification-number-tin-nie-nif-in-spain\/\">Get a Tax Identification Number (TIN), NIE\/ NIF in Spain<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/procedures\/golden-visa\/\">Golden Visa In Spain \u2013 Residence Permit For Investors<\/a><\/li>\n<li><a href=\"https:\/\/gmtaxconsultancy.com\/en\/company\/investing-in-spain\/\">Investing in Spain: Advantages and Disadvantages<\/a><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Law for the promotion of the ecosystem of emerging companies (known as the \u201cStartups Law\u201d) has recently been approved in the Congress of Deputies, which will be published in the BOE in the coming days and will take effect from the 1st of January 2023. Relevant modifications to tax laws and tax incentives for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[623],"tags":[],"class_list":["post-8490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law"],"_links":{"self":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/8490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/comments?post=8490"}],"version-history":[{"count":13,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/8490\/revisions"}],"predecessor-version":[{"id":13818,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/8490\/revisions\/13818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media\/8487"}],"wp:attachment":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media?parent=8490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/categories?post=8490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/tags?post=8490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}