New regulations for the creation and development of innovative start-up companies

On December 6th, the Italian Parliament has converted into law the Decree-Law no. 179/2012. Among the various modifications, the new law has introduced the following adjustments to the previous normative framework:

  • Corporate “development, production and marketing of innovative products and services with high technological value” can also be prevalent and does not have to be exclusive in order to obtain simplifications and facilitations;
  • The obligation for shareholders to hold the majority of shares and voting rights is limited to the first two years from the creation of start-ups;
  • The research and development costs must be at least 20% (previously was 30%) of the highest value between the costs and the value of production.

On the other hand, the new regulation  simplifies the access to tax credit for the employment of newly highly qualified technicians. Generally, the tax bonus for the innovative start-up (35%, with a maximum limit of € 200.000 per year) “is given a priority over other companies.” Finally, the norm implements some corrections for typical innovative start-up contracts.

Source: Il Sole 24 Ore