On 1 December 2022, the Spanish Congress of Deputies definitively approved the Law for the promotion of the ecosystem of emerging companies (the "Startup Law"). The law provides the following beneficial measures for innovative startups:
The law also includes other related measures, including measures for a one-stop window, the Empresa Nacional de Innovación SME (SME National Innovation Company, or ENISA), which will evaluate whether companies are innovative and eligible for the beneficial tax measures, as well as relaxed requirements for the special regime of inbound expatriates and a 50% "carried interest" reduction for qualifying private-equity fund managers.
The law must be published in the Official Gazette and will enter into force on 1 January 2023. Further details will be published once available.