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Start up in UK

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  • 1. Founder Institute Rome 29 Nov 2012 Start Up in UKPart of “Startup Legal and IP” Stefano L Tresca www.iSeed.co @startupagora
  • 2. 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
  • 3. What’s going on in the UK with COMPANY FORMATION @StartupAgora
  • 4. COMPANY FORMATIONAny world citizen £16 cost (€20 $25)can be director 4h timeor shareholder. No notary public (online formation) Easy stock options plans & privileged shares. @StartupAgora
  • 5. What’s going on in the UK with SEEDS INVESTMENTS @StartupAgora
  • 6. SEEDS £150KGovernment 50% of thehelps tax payer investment back.investing instartups. 28% extra back if the investors has capital gain. Full tax relief if startup fails. 0% tax on sale of shares (i.e. exit) @StartupAgora
  • 7. SEEDS £150K 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 @StartupAgora
  • 8. 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
  • 9. What’s going on in the UK with OTHER INVESTMENTS @StartupAgora
  • 10. INVESTMENTS £1MILGovernment 30% of thehelps tax payer investment back.investing instartups up to Tax relief on losses if£1mil (£5mil in the startup fails.some cases). Tax 0% on sale of shares (i.e. exit) @StartupAgora
  • 11. What’s going on in the UK with R&D EXPENSES @StartupAgora
  • 12. R&D EXPENSESGovernment 225% of thehelps investment back.companies Must be science orinvesting in tech.research &development. A startup with no profit can still claim the refund against PAYE & NI. @StartupAgora
  • 13. What’s going on in the UK with PATENTS @StartupAgora
  • 14. PATENTSAny revenue by Flat tax 10% onpatents revenue.[From April 2013] Best tax in the world (non offshore) @StartupAgora
  • 15. What’s going on in the UK with ANGELS @StartupAgora
  • 16. ANGELS30% of all EU angelfunds are in UK UK EU @StartupAgora
  • 17. THANK YOU! QUESTIONS? TWEET IF YOU LIKE IT @startupagora @foundingwww.iseed.co pr@iseed.co fb.com/StartupAgora

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