BANC and BAIA Network have been working in a common road book in order to promote best practices and the use of the fiscal framework in order to increase the private investment
In 2013 the 14/2013 law entered into force supporting entrepreneurs and internationalization. That law aims to empower entrepreneurs and businesses, supporting their development, growth and internationalization promoting entrepreneurial culture and a favorable environment for economic activity.
At the law two significant developments in the fiscal area were introduced; a tax deduction of 20% on the temporary investment in start-ups, with a maximum deduction base of € 50,000; and tax free for reinvestment given the transmission of the shares in capital gains arising from the transfer stakes in startups provided that the total amount obtained is reinvested in the acquisition of shares in new companies.
BANC (Business Angels Network of Catalonia), with scope in Catalonia and Red BAIA (Industrial Business Angels Network of Andalusia), have been working during the last 6 month in order to empower the dissemination, use and promotion of fiscal measures impacting on greater investment activity as a source of economic wealth creation and employment generation.
In addition, both organizations will be at the next Winter University by EBAN to be held in Copenhagen, in order to conduct joint actions given the framework of the European Business Angels week held from November 16th to 22nd
BANC has over ten years as a meeting point for investors and entrepreneurs. Since its establishment, BANC has injected € 8.5 million in 45 projects generating 92 net direct jobs.
Red BAIA is a Business Angels Network promoted by the Metal Employers Federation, Fedeme, with the main goal of facilitating the growth of industrial projects in Andalusia through private investment.
EBAN is the pan-European representative for the early stage investor community, gathering 170 member organisations in 59 countries today. Established in 1999 by a group of pioneer angel networks in Europe with the collaboration of the European Commission and EURADA, EBAN represents a sector estimated to invest 7,5 billion Euros a year and playing a vital role in Europe’s future, notably in the funding of SMEs. EBAN fuels Europe’s growth through the creation of wealth and jobs.