Ecosystem map 151 – Create & Grow Law
a limited liability company can be set up in Spain with a minimum capital amount of just 1 Euro, as opposed to the 3.000 Euros formerly required
Ecosystem map 154 – Start-up Law – For Companies
1. The Law slashes the tax rate from 25% to 15% for the first tax period in which a profit is recorded, as well as the following three 2. It allows startups to defer payment of the corporate tax debt for a period of twelve and six months, respectively, during their first two years of […]
Ecosystem map 155 – Start-up Law – Entrepeneurs and Workers
1. It increases the tax exemption for shares, interests or stock options awarded to startup employees from €12,000 to €50,000 a year 2. It defers the allocation of earnings derived from the award of shares, interests, or stock options to startup employees until the instruments are made liquid through the company’s IPO, until their sale […]
Ecosystem map 156 – Start-up Law – Investors and personal income tax
1. It encourages investment in startups by increasing the personal income tax deduction for investment in new or recently created companies from 30% to 50%, while also raising the maximum base for this deduction from €60,000 to €100,000 2. Increases the period for subscribing shares or interests from three to five years from the company’s […]
Ecosystem map 157 – Beckham Law
1. There is a fixed reduced tax rate for foreign workers who move to Spain to work and live. The tax is 24% for the first 6 years, for up to €600,000. If income is more than €600,000, the tax rate is 47%. 2. No tax is levied on savings income (interest, dividends, and capital […]
Ecosystem map 161 – Tax incentives for Film Production
1. Deduction for investment in foreign productions: -Up to 54% on the first million euros when eligible expenses in the Canaries exceed 1.900.000€ -50% Tax Rebate on the first million euros of deductible expenses and 45% Tax Rebate on the rest of the expenses. 2. Maximum deduction base is EUR 18 million 3. 0% VAT
Ecosystem map 138 – Romanian Government
Law no. 244/2022 in Romania, effective from August 6, 2022, implements EU Regulation 2020/1503 nationally. It designates the Financial Supervisory Authority of Romania (RO ASF) as the responsible body for crowdfunding services, outlining procedures for authorization and registration of service providers, and setting rules for marketing communications. The law also specifies requirements for legal forms […]
Ecosystem map 140 – Romanian Government
The Romanian government’s key priorities for 2023 include addressing the energy crisis, with an emphasis on supporting vulnerable households and incentivizing decreased energy consumption. While this may not directly pertain to fintech policies, it indicates the government’s broader focus on economic stability and social welfare, which can indirectly impact the financial sector.
Ecosystem map 127 –
Incentive schemes for investment in tech/fintech businesses Romania’s tech and fintech sectors are growing, supported by tax incentives and development goals set by the government. As of January 1, 2023, IT field employees, including those on secondment in Romania, can benefit from income tax exemptions, aimed at fostering innovation and growth. Fintech companies enjoy a […]
Ecosystem map 129 – Romanian Government
One significant regulatory change is related to the use of Point of Sale (POS) terminals. Amendments to the Cashback Law, effective from January 1, 2023, require merchants with annual cash receipts exceeding 10,000 euros to equip themselves with electronic POS terminals. This regulation applies to small and medium-sized businesses, marking a substantial step towards digital […]
