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Spain moves closer to passing a startup law


Spain’s government has agreed on the details of a draft startup law — passing the baton to the parliament to debate and potentially amend the plan ahead of a vote to turn it into actual law.
The Council of Ministers announced adoption of the draft text today which it said contains important measures to cut red tape and remove bureaucratic obstacles for founding and investing in startups in Spain.
The package also targets reforms at stock options and access to visas in a bid to make the country a more attractive place for entrepreneurs and digital talent.
In a press release, Spain’s government said the package of incentives includes what it touted as “the EU’s most beneficial treatment of returns on stock options”.
Ministers have agreed to raise the tax exemption on stock option …

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