Law no. 120/2015 regarding fiscal facilities granted to individual investors – “business angels” – has been published. It introduces several fiscal facilities for individuals investing in micro-enterprises and small-sized enterprises, and presents the requirements that need to be fulfilled in order for the facilities to apply.
Individual investors – “business angels” can benefit from the following fiscal facilities upon investing in micro-enterprises and small-sized enterprises:
- Exemption from tax on dividends for the first three years from the purchase of the shares. The exemption is granted up to the equivalent of the invested amount.
- Exemption from tax on capital gains from sale of shares, if the sale takes place at least three years after the purchase of the shares.