As far as the start-ups bill is concerned, the first aspect to consider is the proper definition of a start-up. Though this matter has not stopped raising issues about its scope, the bill establishes that a start-up is a newly created company, or a company less than 5 years old ( 7 in case of companies in the biotechnological, energy, industrial or other strategic sectors), that has an innovative character, non-profit sharing and an annual turnover of up to 5 million euros. In addition to it, it includes within this definition serial entrepreneurs that have launched up to 3 parallel or consecutive business projects, leaving without clearing the question of why this limit is only up to 3 projects and not, as it usually happens, to 4, 5 or 6.
Antonio Viñal