By Staff Writer
Tunisian Prime Minister, Youssef Chahed, says parliament has enacted law that aims to turn Tunisia into a startup nation.
Mr Chahed shared the news on Twitter.
“Tunisia has just passed the Startup act.
One more step to take our economy to the digital age,” he posted.
Startup Act, a bill that has been in the works for more than two years has finally been passed by the Tunisian parliament and is now a law.
Startup Act, a bill that has been in the works for more than two years has finally been passed by the Tunisian parliament and is now a law.
The law consists of five
sections with 20 measures that aim to make it
easy for Tunisian entrepreneurs to start and run their
ventures.
The law includes exemption for startups from corporate taxes for up to
eight years, special custom procedures, exemption from
capital gains tax on investments made in startups, up to
one year of time off from their current jobs (for both
private and public sector employees), and salary for up
to three founders during the first year of operations.
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