{"id":1422,"date":"2013-06-13T10:54:42","date_gmt":"2013-06-13T10:54:42","guid":{"rendered":"https:\/\/vila.es\/en\/?p=1422"},"modified":"2021-11-25T10:45:26","modified_gmt":"2021-11-25T10:45:26","slug":"approval-of-the-draft-bill-regarding-entrepreneurs","status":"publish","type":"post","link":"https:\/\/vila.es\/en\/entrepreneurs\/approval-of-the-draft-bill-regarding-entrepreneurs\/","title":{"rendered":"APPROVAL OF THE DRAFT BILL REGARDING ENTREPRENEURS"},"content":{"rendered":"

I.- INTRODUCTION<\/strong><\/p>\n

On 24th<\/sup>\u00a0May 2013, the Council of Ministers passed the draft bill of the law for supporting measures for the entrepreneur.<\/p>\n

II.- PRINCIPAL ASPECTS OF THE DRAFT BILL<\/strong><\/p>\n

TO\u00a0<\/strong>FACILITATE ENTREPRENEURIAL CULTURE AND INITIATIVE<\/span><\/p>\n

– Creation of a new mercantile form, \u201cthe limited liability entrepreneur\u201d. Liability for commercial debts does not affect the\u00a0 habitual residence, if they do not exceed the value of 300.000 \u20ac.<\/p>\n

– Limited liability company of successive constitution: It allows the creation and establishment of companies with a capital of\u00a0 less than 3.000 \u20ac.<\/p>\n

– Stimulation for creating new companies: Procedure allowing the telematic creation of new companies within 24-48 hours.<\/p>\n

– Second opportunity: Out of court mechanism for negotiating business debts.<\/p>\n

FISCAL MEASURES AND SOCIAL SECURITY<\/span><\/p>\n

– VAT: it creates a special VAT regimen, which allows avoiding VAT payment until the effective payment of the invoices has\u00a0 been collected.<\/p>\n

– R+D (Research and Development) incentives and diverse incentives for intangible assets (patent box).<\/p>\n

– Promotion of the reinvestment of profits gained from economic activity: companies with turnover of less than 10 million \u20ac\u00a0 may deduct up to 10% of profits in the tax period in which those companies had made the reinvestments.<\/p>\n

– Fiscal incentives for \u201cBusiness angels\u201d (private investor who participates temporarily in new companies).<\/p>\n

MEASURES FOR FINANCING<\/span><\/p>\n

– Improvement in refinancing agreements: reduction of the majority needed in order to approve the agreement.<\/p>\n

PROMOTING BUSINESS GROWTH<\/span><\/p>\n

– \u201cOne in – one out\u201d clause: Each new administrative post must be compensated by at least the elimination of another\u00a0 equivalent post.<\/p>\n

– Entrepreneur access to public contracting.<\/p>\n

– Stimulation to foreign investments and new talent, easing residence permit procedures and facilitating the granting thereof.<\/p>\n

III.- CONCLUSION<\/strong><\/p>\n

This draft bill means a new step forward in government reforms aimed at stimulating business and entrepreneur growth, as well as the development of investment.<\/p>\n

 <\/p>\n

 <\/p>\n

Vil\u00e1 Abogados<\/p>\n

 <\/p>\n

For more information, please contact:<\/p>\n

va@vila.es<\/span><\/a><\/p>\n

 <\/p>\n

7th<\/sup> of June 2013<\/p>\n","protected":false},"excerpt":{"rendered":"

I.- INTRODUCTION On 24th\u00a0May 2013, the Council of Ministers passed the draft bill of the law for supporting measures for the entrepreneur. II.- PRINCIPAL ASPECTS OF THE DRAFT BILL TO\u00a0FACILITATE ENTREPRENEURIAL CULTURE AND INITIATIVE – Creation of a new mercantile form, \u201cthe limited liability entrepreneur\u201d. Liability for commercial debts does not affect the\u00a0 habitual residence, […]<\/p>\n","protected":false},"author":4,"featured_media":4690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-1422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurs"],"yoast_head":"\nAPPROVAL OF THE DRAFT BILL REGARDING ENTREPRENEURS - Vil\u00e1 Abogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vila.es\/en\/entrepreneurs\/approval-of-the-draft-bill-regarding-entrepreneurs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APPROVAL OF THE DRAFT BILL REGARDING ENTREPRENEURS - Vil\u00e1 Abogados\" \/>\n<meta property=\"og:description\" content=\"I.- INTRODUCTION On 24th\u00a0May 2013, the Council of Ministers passed the draft bill of the law for supporting measures for the entrepreneur. II.- PRINCIPAL ASPECTS OF THE DRAFT BILL TO\u00a0FACILITATE ENTREPRENEURIAL CULTURE AND INITIATIVE – Creation of a new mercantile form, \u201cthe limited liability entrepreneur\u201d. 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