Brazil
News

Brazil startups association backs govt initiatives

Bnamericas Published: Wednesday, May 15, 2019

Brazilian startups association ABstartups defended a set of measures proposed by the federal government, including a new legal framework specifically designed for startups.

Among other initiatives praised, ABstartups backed the recent provisional measure of “economic freedom,” which exempts small businesses and startups from business licenses to test new products and services, as long as the items do not affect public health, safety and sanitation and do not involve use of restricted materials.

Praise received also a bill known as Inova Simples to facilitate the opening and closing of small businesses as well as tax collection by startups.

The set of initiatives provides legal security, consolidates the role of startups as an inducing agent of tech advances and increases the generation of jobs and income, ABstartups said.

"These are proposals and bills that de-bureaucratize companies that have declared themselves startups, improving the business environment of a growing sector," ABstartups president Amure Pinho said in a statement.

The executive has participated in discussions with the government regarding part of the initiatives.

According to the executive, particularly the new framework is a legal "political-private" initiative with potential to modernize legislation and reduce bureaucracy.

In a conversation with BNamericas in December, Pinho said said that the Bolsonaro administration was seen as more sensitive to advancing on the regulation of the segment and the creation of a specific legal status entity for startups, a long-standing request of the sector.

The legal framework for startups is still being drafted and should be put to public consultation soon.

The provisional measure of economic freedom was presented last week and needs to be ratified by congress in 120 days.

The Inova Simples bill was signed into law by Bolsonaro in April.

According to ABstartups, there are around 15,000 startups in operation in Brazil, of which 12,000 have been mapped by the entity.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: ICT (Brazil)

Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: ICT (Brazil)

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Tim S.A.  (TIM Brasil)
  • TIM S.A. is a Brazilian telecommunication provider offering mobile and fixed telephony services, access to the Internet via modems, tablets, and mobile phones (3G and 4G), as we...
  • Company: Next Level Telecom Ltda.  (NLT Telecom)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by BNamericas’ content team. However, it may have been au...
  • Company: eBazar.com.br Ltda.  (MercadoLivre)
  • MercadoLivre is the Brazilian subsidiary of Argentina-based regional C2C online auction site MercadoLibre and US auctions giant eBay, which has a minority stake. Ebay and the Ar...
  • Company: Nabiax Brasil
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Elea Digital
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
  • Company: Honeywell do Brasil, Ltda.  (Honeywell Brasil)
  • Honeywell do Brasil, Ltda. is the local branch of US firm Honeywell International Inc. The Sao Paulo-based firm has 13 facilities in the country which include three manufacturin...
  • Company: Greatek Brasil
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...