Several associations of digital economy and entrepreneurship have jointly demanded that the Government that the future law of ‘startups’ (emerging companies) does not apply only to those who start for the first time and that the period of 5 years set to consider a company as emergent.
The Spanish Association of Digital Economy (Adigital), the Spanish Association of Startups, Startup Valencia, the Spanish Association of Capital, Growth and Investment (Ascri), Tech Barcelona, Spain Startup, Foment del Treball and the Spanish Association of Bioempresas (AseBio) They have presented a joint proposal to improve the bill, which has been made public.
This is the Draft Law for the promotion of the ecosystem of emerging companies, which they have welcomed in a “positive way”, but who consider that it should be approached with “ambition” to make this type of companies one of the main vectors of economic and social development, as reported today in a press release.
In this context, they have referred in the first place to the very definition of ’emerging companies’ in the future law, which they consider that, as regards the term, it should go beyond those that have been in existence for 5 years – seven in the case of biotechnology, energy and industrial companies.
In addition, they emphasize that it is essential that this law be applied to “serial entrepreneurs”, who represent 63% of those in Spain.
Thus, they want article 3.2 to be eliminated directly. of the future rule that establishes that “it will not be understood that a company is newly created when one of its founders would have been a first or second emerging company that would have benefited from this law.”
Their joint response tries to clarify some of the Government’s proposals to improve the draft law, including tax incentives focused on R&D deductions and technological innovation, incentives for hiring talent, reductions in social security contributions. and Corporation Tax, among others.
They also propose to streamline the procedures for attracting foreign talent and improve the incentive compensation scheme with ‘stock options’ (stock options), among others.
