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Founder InstituteRome 29 Nov 2012
Start Up in UKPart of “Startup Legal and IP”
Stefano L Trescawww.iSeed.co@startupagora
STEFANO TRESCA IN 1 SLIDE • Former programmer, • Part-time lawyer,• Part-time investor,• Love to build new things
(not just start up).
www.iSeed.co
@startupagora fb.com/StartupAgora fb.com/iSeedTalk
COMPANY FORMATION
What’s going on in the UK with
@StartupAgora
£16 cost (€20 $25)
4h time
No notary public (online formation)Easy stock options plans & privileged shares.
Any world citizen can be director or shareholder.
COMPANY FORMATION
@StartupAgora
SEEDS INVESTMENTS
What’s going on in the UK with
@StartupAgora
50% of the investment back.
28% extra back if the investors has capital gain.
Full tax relief if startup fails.
0% tax on sale of shares (i.e. exit)
Government helps tax payer investing in startups.
SEEDS £150K
@StartupAgora
Es. 1 - Startup succeeds
Amount invested (£100,000)
50% back any case £50,000
28% back if capital gain £28,000
Sell shares after 3 years £500,000
Tax on shares sales 0% £0
£478,000
SEEDS £150K
@StartupAgora
SEEDS £150K
Es. 2 - Startup fails
Amount invested (£100,000)
50% back any case £50,000
28% back if capital gain £28,000
Tax relief on £22k loss £9,900
(£12,100)
@StartupAgora
OTHER INVESTMENTS
What’s going on in the UK with
@StartupAgora
30% of the investment back.
Tax relief on losses if the startup fails.
Tax 0% on sale of shares (i.e. exit)
INVESTMENTS £1MIL
Government helps tax payer investing in startups up to £1mil (£5mil in some cases).
@StartupAgora
R&D EXPENSES
What’s going on in the UK with
@StartupAgora
225% of the investment back.Must be science or tech. A startup with no profit can still claim the refund against PAYE & NI.
Government helps companies investing in research & development.
R&D EXPENSES
@StartupAgora
PATENTS
What’s going on in the UK with
@StartupAgora
Any revenue by patents [From April 2013]
PATENTS
Flat tax 10% on revenue.
Best tax in the world (non offshore)
@StartupAgora
ANGELS
What’s going on in the UK with
@StartupAgora
@StartupAgora
ANGELS
EUUK
30% of all EU angel funds are in UK
THANK YOU! QUESTIONS?
TWEET IF YOU LIKE IT@startupagora
@founding
www.iseed.co [email protected] fb.com/StartupAgora
