Sanjay Dukle’s Post

Italy’s New #Startup #Decree: Key Highlights In the latest episode of "Weekly FPM" of Finanza, pizza e mandolino, me and Francesco Rassu discussed a very positive policy enacted by Italian government. Below a snapshot, in the comments the link to the full #episode! 💡 65% Tax deduction for early investments Investors supporting startups less than three years old can now enjoy a 65% tax deduction on personal income, up from the previous 50% 📄 SAFE agreements now eligible for tax incentives Flexible financing tools like SAFEs (Simple Agreements for Future Equity) are now covered under tax incentives. This makes fundraising simpler and aligns Italy with global best practices in the startup space, particularly in the U.S 🤝 Tax incentives remain even if startups fail Investors retain tax benefits even if a startup fails. This change mitigates perceived risks, boosting confidence to invest in groundbreaking ideas with long-term potential ⏳ Extension of the innovative startup registry to 9 years Startups meeting key milestones can now remain in the innovative startup registry for up to 9 years instead of 5. This is especially beneficial for deeptech companies that require longer development cycles 🏢 Incentives extended to incubators and accelerators Key players like incubators and accelerators supporting startups are now included in the tax incentive framework 📈 Mandatory venture capital investment for pension funds Italian pension funds must allocate part of their portfolios to venture capital to retain capital gains tax exemptions

From the Technology Investment Boost to funding through the National Reconstruction Fund, there’s never been a better time to scale up, embrace digital tools, and expand your reach locally and globally.   In our latest blog, we explore how Australian business owners and founders can harness these policies to transform their ventures. Whether it’s leveraging tax incentives, adopting new technologies, or breaking into international markets, these tips will set you up for success.   Read the full article here: https://lnkd.in/efgvqi26   #SmallBusiness #Startups #Innovation #AustralianBusiness #GrowthStrategies #DigitalTransformation #TaxIncentives #BusinessGrowth

Want to boost your business in Luxembourg? The government offers a bunch of cool perks to help you: 1️⃣ Grants and subsidies for startups. Take a look on the Fit 4 Start program, which takes place twice a year, and the support from the HoST startup hub. 2️⃣ Support from the House of Entrepreneurship. This place helps both new entrepreneurs and established businesses. 3️⃣ Assistance from Luxinnovation for innovative projects. Luxinnovation partners with those planning to launch successful innovative businesses in Luxembourg, from startup founders and executives of established companies to foreign businesses and investors. On top of that, you can take advantage of tax optimization and special tax regimes for: 🎯 Investment funds 🎯 Private equity firms 🎯 Companies owning intellectual property Don't miss out on this opportunity to leverage the support of the Luxembourgish government. It will help your business grow and thrive! And we are always ready to assist you with document collection, registration of a new company, or simply provide consultation🥰 DM are open for you. #businessupport #Luxembourg #entrepreneurship #startupgrants #innovation #taxoptimization #taxhacks #taxtips #businessgrowth #Luxinnovation #digitaltransformation #FinancePartners #Documents #Documentsfortax #Declaracion #Tax #Taxes #Taxseason #Accounting #Bookkeeping #Startups #Consulting #Luxembourg #TaxinLuxembourg #VAT #Taxreturn #Managementreporting #soleproprietor #registering #startup #startupinluxembourg #newcompany #newbusiness #Luxembourgbusiness

🚀 EU Inc.: A Step Forward or Just More Red Tape? 🌍 There’s a lot of buzz around EU Inc.—a fancy new proposal to create a single, pan-European corporate structure for startups. On paper, it promises to make things smoother: 1️⃣ Unified Structure across Europe. 2️⃣ Standardized Investment Documents to ease capital flow. 3️⃣ A Harmonized Stock Option System to attract talent. But as someone who’s been in the startup game, I’m skeptical. Is this what startups actually need? Startups don’t fail because they lack a unified corporate structure. They fail because it’s too expensive, too slow, and too damn complicated to get started in the first place. What we really need is: 🙏 Less Red Tape: Make it simple to start and scale a company—no lawyers, no headaches. 🪙 Cheaper Incorporation: Why should setting up a startup burn a hole in your pocket? 🏃 Focus on Speed: Startups live on momentum. We need systems that keep up, not slow us down. Sometimes it feels like these big ideas add more layers when what we need is less. Make it cheaper, make it faster, and let us focus on building real businesses! What’s your take? Am I being too cynical, or do startups need fewer frameworks and more action? Let’s hear it. 👇 #Startups #EUInc #SimplifyBusiness #Entrepreneurship #RealTalk #Innovation https://lnkd.in/dkANnSuB

Singapore based OSOME raised a $17 million series B #Osome, a Singapore-based #fintech platform dedicated to supporting founders and small to medium businesses (SMBs), has successfully closed its Series B funding round, raising over $17 million in a mix of equity and debt from both new and existing investors. This new injection of capital will enable Osome to enhance its innovative solutions, streamline financial operations, and accelerate its growth trajectory in 2024. Founded in 2017 by Victor Lysenko, Dr. Konstantin Lange, and Anton Roslov, Osome has rapidly grown to serve over 13,000 SMB customers, employing more than 400 staff across Singapore, Hong Kong, the United Kingdom, the Netherlands, the Philippines, and Malaysia. The company's comprehensive services include accounting, incorporation, compliance, company secretary, and various other value-added services, all designed to help entrepreneurs and business owners set up and scale their businesses efficiently. Victor Lysenko, CEO and Co-founder of Osome, views the current economic climate, marked by fewer job opportunities and record layoffs, as a catalyst for entrepreneurship. “Osome was founded to support and champion the needs of entrepreneurs, to help them see their ideas come to life. Asia’s seeing a funding winter, with companies carrying out mass layoff exercises and a much more challenging job environment. This means we’re seeing a record number of individuals turning to entrepreneurship,” he stated. With the new funding, Osome plans to double down on its mission of providing innovative solutions to address the core financial challenges faced by modern businesses. This includes investing heavily in automation and artificial intelligence (AI) to enhance product offerings, improve efficiency, and provide high-quality services to its expanding customer base. The firm also aims to boost its marketing efforts and customer service, accelerating its go-to-market strategy. Joerg Ruetschi, newly appointed President and Chief Transformation Officer, is set to lead Osome's roadmap to profitability. He affirmed the company's commitment to making business operations effortless for entrepreneurs worldwide, stating, “With a strong foundation and a clear vision for the future, Osome is set to redefine the standards of financial technology services for SMBs across the globe.” The article on TechNode.com in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

How can startups overcome the evolving challenges of raising capital in the UK? Startups are vital to the UK economy, yet many struggle with funding their innovative projects. With the introduction of a merged scheme for R&D tax relief, navigating these changes is more important than ever.   For our latest Founder Series instalment, we've partnered with innovation tax specialist Chris Alderson of ForrestBrown Limited, to dive into the options available for founders and highlight key issues to be aware of. https://lnkd.in/ekPsDUHi   Jamie Moore | Kristy Hart | #StartupFunding #RandD #Innovation #TaxRelief #Founders #BusinessGrowth

In a recent conversation with Aryaman Gupta, BlackSoil's senior VP of investments, Aditya Sarda, discussed the startup industry's Union Budget expectations, focusing on the angel tax provision. While the startup ecosystem has urged repealing this tax, Sarda believes a complete repeal is unlikely. He suggests the Finance Ministry may expand exemptions and simplify conditions instead, noting that even minor reforms could significantly improve the startup investment landscape. #unionbudget #budgetexpectations #startups #investments #angeltax #businessstandard #blacksoil

How can Early-Stage Startups maximize GST credits? As an early-stage startup, managing cash flow is crucial, and one of the most effective ways to optimize this is by maximizing your GST credits.  Often overlooked, GST credits can be a valuable source of liquidity, especially in the initial stages when every penny counts. Here’s where startups can make the most of GST credits: 1. Track Expenses Eligible for GST Credits   Many startups miss out on claiming GST credits because they’re unaware of the full scope of eligible expenses.  Keep a close watch on purchases made for goods, services, and other operational costs that are GST-compliant.  Software subscriptions, professional services, and equipment purchases may all qualify for input tax credits. 2. Maintain Proper Documentation   GST credits can only be claimed if the invoices are correct and the GST is paid to a registered vendor.  Ensure that all invoices clearly mention the vendor’s GSTIN and the amount of GST charged.  Keeping a well-organized record of these will help avoid any compliance-related hiccups. 3. Reverse Charge Mechanism (RCM) and Its Impact   Startups often engage foreign vendors, especially for services like software or digital tools.  Under the Reverse Charge Mechanism, you’re required to pay GST on such services, but this also makes you eligible for input tax credit.  Understanding RCM will help you manage this process effectively. 4. Filing Timely and Accurate Returns   GST credits can be utilized only when you’ve filed your returns on time.  Any delay or discrepancy can lead to the denial of credits.  Staying compliant with regular filings ensures that your credits are available when you need them most. 5. Seek Professional Guidance   GST compliance can be complex, especially when your startup is scaling.  Engaging a Chartered Accountant (CA) early in your journey will help ensure that you’re making the most of your GST credits while avoiding potential pitfalls. Remember, maximizing GST credits isn't just about saving money—it's about channeling resources back into your business for growth. Vikash Jain Would love to have insights from you on this.. #gst #startupfinance #cashflowmanagement  #earlystagestartups #taxcompliance

Here's how we supported a Tech Startup through SEIS/EIS approval When an innovative Tech Startup approached us during their pre-seed funding round They needed expert guidance to support their first angel investment round Our primary objective was to help them obtain SEIS and EIS advanced assurance from HMRC, which is an invaluable tool for attracting private investors by offering substantial tax relief making their investment proposition more appealing We then worked closely with the founders to develop a comprehensive business plan that clearly outlined: ↳ The nature of their company ↳ What their growth objectives looked like ↳ What their strategy is ↳ What were the risks associated with this investment This was essential as SEIS status is specifically designed for high-risk startups The result? Our submission to HMRC was successful, and the startup's application was approved This allowed the startup to: ↳ Offer tax relief to existing investors ↳ Enhance their investment proposition ↳ Access VCT institutional funds representing pools of private investors Have you navigated the SEIS/ EIS application process? What was your experience like? If you're a startup looking to navigate the SEIS/EIS approval process, we'd be happy to assist #M.TatarandAssociates #SEIS #EIS #UKTachStartup #UKTaxRelief

𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟰: 𝗔 𝗩𝗶𝘀𝗶𝗼𝗻 𝗳𝗼𝗿 𝗮 𝗧𝗵𝗿𝗶𝘃𝗶𝗻𝗴 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 As we eagerly await the Budget 2024 announcement today, Pratekk Agarwaal, 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗮𝗻𝗱 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗣𝗮𝗿𝘁𝗻𝗲𝗿 𝗮𝘁 𝗚𝗿𝗼𝘄𝘁𝗵𝗖𝗮𝗽 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀, shares his insights on Outlook Business: 𝗛𝗲𝗿𝗲 𝗶𝘀 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸 𝘁𝗼 𝘁𝗵𝗲 𝗮𝗿𝘁𝗶𝗰𝗹𝗲: https://lnkd.in/g4d9jH9Q To truly foster a vibrant startup ecosystem, it is crucial to address several key areas: •𝗧𝗮𝘅 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: Encouraging investments by offering tax incentives can significantly boost funding for innovative ventures. •𝗖𝗹𝗲𝗮𝗿 𝗥𝘂𝗹𝗲𝘀 𝗳𝗼𝗿 𝗖𝗮𝗿𝗿𝗶𝗲𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁: Establishing transparent regulations will create a more predictable and attractive environment for venture capital. •𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗟𝗶𝗺𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗩𝗖 𝗙𝘂𝗻𝗱𝘀: Allowing greater foreign investment can bring in more capital and expertise, driving growth and competitiveness. •𝗘𝘅𝘁𝗲𝗻𝗱𝗶𝗻𝗴 𝗧𝗮𝘅 𝗛𝗼𝗹𝗶𝗱𝗮𝘆𝘀 𝗮𝗻𝗱 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻𝘀: Providing financial relief during the critical early years can help startups focus on scaling and innovation without the heavy burden of taxes. Implementing these measures is vital for creating a robust foundation for startups, enabling them to thrive and contribute to the economy. By simplifying ESOP taxation and reducing compliance burdens, we can attract top talent and ensure that early-stage companies have the support they need to succeed. Let’s hope Budget 2024 brings these much-needed changes to propel our startup ecosystem to new heights! Pratekk Agarwaal Jenny Mehta Sakshi Vora Jash Shah #Budget2024 #StartupEcosystem #Innovation #VentureCapital #GrowthCapVentures