Create and Grow Act
What is it?
Create and Grow Act (Law 18/2022)
This is legislation in Spain aimed at promoting the growth and development of businesses and entrepreneurs. The Create and Grow Act includes a series of measures designed to make financing easier, reduce regulatory burdens, and promote business innovation, all with the goal of improving the environment for startups and small and medium-sized enterprises (SMEs).
This law seeks to simplify administrative processes and reduce the legal barriers that emerging companies face, helping entrepreneurs focus on growing their businesses. Additionally, the Create and Grow Act encourages digitalization, sustainability, and improving competitiveness in the business world.
Key aspects to consider
Key measures of the Create and Grow Act include:
- Financing options: The law establishes mechanisms to improve access to funding for entrepreneurs and SMEs, including tax incentives and new investment formulas.
- Reduction of regulatory burdens: The goal is to make administrative processes more agile and less bureaucratic to ease the creation and operation of businesses.
- Encouragement of innovation: The law promotes the use of new technologies and sustainable practices to boost competitiveness and the positive impact of businesses in the market.
With this legislation, the Spanish government aims to stimulate the business ecosystem and support companies in their process of expansion and adaptation to an increasingly globalized and digital market. The Create and Grow Act is a key tool for entrepreneurs looking for a more flexible and supportive environment to grow their projects.