{"id":93735,"date":"2023-08-23T09:34:00","date_gmt":"2023-08-23T07:34:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=93735"},"modified":"2023-08-22T17:05:20","modified_gmt":"2023-08-22T15:05:20","slug":"future-financing-law-passed","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/93735\/future-financing-law-passed\/","title":{"rendered":"Better financing conditions for startups: Future Financing Act passed"},"content":{"rendered":"<div class=\"entry-content\">\n<p>The law on financing future-proof investments \u2013 or Future Financing Act for short \u2013 is intended to make it easier for startups and growth companies to <a href=\"\/en\/92879\/munich-startup-festival-federal-finance-minister-christian-lindner-wants-to-make-financing-easier-for-startups\/\">to mobilise private capital for investments and promote innovative developments<\/a>For example, the minimum capital required for an IPO is reduced or the option for employee participation is simplified.<\/p>\n\n\n\n<p><strong>Marco Buschmann<\/strong>, Federal Minister of Justice, commented:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;With the Future Financing Act, we are providing an important boost for Germany as a business and financial center. We are increasing the competitiveness of the German economy \u2013 absolutely essential in times of a difficult economic environment. By facilitating capital increases for stock corporations and introducing shell companies, we are opening up new opportunities for companies to generate capital. The new regulations meet the economy&#039;s need for a less bureaucratic, more digital, and more modern legal framework \u2013 thus enabling more growth: Startups, growth companies, and small and medium-sized enterprises will particularly benefit from this.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Future Financing Act: This is what should change<\/h2>\n\n\n\n<p><strong>Easier access to capital markets<\/strong><\/p>\n\n\n\n<ul><li>Stock exchanges may allow the previously required co-applicant to be waived, which can reduce the costs of IPOs.<\/li><li>The minimum market capitalization for IPOs is reduced from EUR 1.25 million to EUR 1 million.<\/li><li>The issuance of multiple voting shares, with voting rights of up to 10:1, is now possible. This allows founders to maintain influence over the company despite raising capital.<\/li><li>The stock exchange shell company (BMAG) paves an alternative route to the capital market, modeled on the Special Purpose Acquisition Companies (SPACs) in the US. The shell company serves as a vehicle so that young companies do not have to handle the complex and expensive process of going public themselves.<\/li><\/ul>\n\n\n\n<p><strong>Better framework conditions for employee participation<\/strong><\/p>\n\n\n\n<ul><li>The tax allowance for employee share ownership increases from EUR 1,440 per year to EUR 5,000, thus reaching a competitive level by European standards.<\/li><li>The allowance can also be used up by converting wages up to 2,000 euros per year.<\/li><\/ul>\n\n\n\n<p><strong>Further simplifications and modernizations in financial market and tax law<\/strong><\/p>\n\n\n\n<ul><li>Facilitating capital increases for a stock corporation in order to improve the framework conditions for raising equity capital<\/li><li>Introduction of the electronic share in an electronic securities register or crypto securities register<\/li><li>Separation of customers&#039; crypto assets in the event of the crypto custodian&#039;s insolvency is legally possible<\/li><li>Improving liability regulations for crowdfunding <\/li><li>Modernisation of financial market supervision, for example by removing barriers to digitalisation and improving the framework for English-language communication with BaFin<\/li><li>Establishment of a comparison website for account fees at BaFin that complies with the European Payment Accounts Directive<\/li><li>Adaptation of confidentiality obligations in financial supervisory laws to improve cooperation and information exchange between financial supervisors and tax authorities<\/li><li>Extending the VAT exemption for the management of venture capital funds to level the playing field in Europe<\/li><\/ul>\n\n\n\n<p>The complete government draft of the Future Financing Act is available <a href=\"https:\/\/www.bmj.de\/SharedDocs\/Gesetzgebungsverfahren\/DE\/2023_Zukunftsfinanzierungsgesetz.html?nn=110490\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p>The law is expected to come into force this year and must be approved by the Bundestag and Bundesrat.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Last week, the Federal Cabinet approved a draft of a Future Financing Act. The bill aims to strengthen Germany&#039;s position as a financial center and improve the economic environment for startups through a comprehensive package of measures.<\/p>","protected":false},"author":42,"featured_media":93739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[4939],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bessere Finanzierungsbedingungen f\u00fcr Startups: Zukunftsfinanzierungsgesetz verabschiedet - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das Bundeskabinett hat den Entwurf f\u00fcr ein Zukunftsfinanzierungsgesetz beschlossen. Das Gesetz soll die Ausgangsbedingungen f\u00fcr Startups verbessern.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/93735\/future-financing-law-passed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bessere Finanzierungsbedingungen f\u00fcr Startups: Zukunftsfinanzierungsgesetz verabschiedet - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Das Bundeskabinett hat den Entwurf f\u00fcr ein Zukunftsfinanzierungsgesetz beschlossen. Das Gesetz soll die Ausgangsbedingungen f\u00fcr Startups verbessern.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/93735\/future-financing-law-passed\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-23T07:34:00+00:00\" \/>\n<meta name=\"author\" content=\"Saskia Doll\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saskia Doll\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/\",\"url\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/\",\"name\":\"Bessere Finanzierungsbedingungen f\u00fcr Startups: Zukunftsfinanzierungsgesetz verabschiedet - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg\",\"datePublished\":\"2023-08-23T07:34:00+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/a297bffde6879f56c9ff7b04d9af60b5\"},\"description\":\"Das Bundeskabinett hat den Entwurf f\u00fcr ein Zukunftsfinanzierungsgesetz beschlossen. Das Gesetz soll die Ausgangsbedingungen f\u00fcr Startups verbessern.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#primaryimage\",\"url\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg\",\"contentUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg\",\"width\":1280,\"height\":525,\"caption\":\"Zukunftsfinanzierungsgesetz\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cms.munich-startup.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bessere Finanzierungsbedingungen f\u00fcr Startups: Zukunftsfinanzierungsgesetz verabschiedet\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cms.munich-startup.net\/#website\",\"url\":\"https:\/\/cms.munich-startup.net\/\",\"name\":\"Munich Startup\",\"description\":\"Das offizielle Startup-Portal f\u00fcr M\u00fcnchen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cms.munich-startup.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/a297bffde6879f56c9ff7b04d9af60b5\",\"name\":\"Saskia Doll\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3cbbe2dd459d277864bc6c7477d0bdf8?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3cbbe2dd459d277864bc6c7477d0bdf8?s=96&d=blank&r=g\",\"caption\":\"Saskia Doll\"},\"url\":\"https:\/\/cms.munich-startup.net\/en\/author\/doll\/\"}]}<\/script>\n<meta property=\"og:image\" content=\"https:\/\/cms.munich-startup.net\/en\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Better financing conditions for startups: Future Financing Act passed - Munich Startup","description":"The Federal Cabinet has approved a draft of a Future Financing Act. The law is intended to improve the starting conditions for startups.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cms.munich-startup.net\/en\/93735\/future-financing-law-passed\/","og_locale":"en_US","og_type":"article","og_title":"Bessere Finanzierungsbedingungen f\u00fcr Startups: Zukunftsfinanzierungsgesetz verabschiedet - Munich Startup","og_description":"Das Bundeskabinett hat den Entwurf f\u00fcr ein Zukunftsfinanzierungsgesetz beschlossen. Das Gesetz soll die Ausgangsbedingungen f\u00fcr Startups verbessern.","og_url":"https:\/\/cms.munich-startup.net\/en\/93735\/future-financing-law-passed\/","og_site_name":"Munich Startup","article_publisher":"https:\/\/www.facebook.com\/munichstartup\/","article_published_time":"2023-08-23T07:34:00+00:00","author":"Saskia Doll","twitter_card":"summary_large_image","twitter_creator":"@munich_startup","twitter_site":"@munich_startup","twitter_misc":{"Written by":"Saskia Doll","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/","url":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/","name":"Better financing conditions for startups: Future Financing Act passed - Munich Startup","isPartOf":{"@id":"https:\/\/cms.munich-startup.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#primaryimage"},"image":{"@id":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#primaryimage"},"thumbnailUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg","datePublished":"2023-08-23T07:34:00+00:00","author":{"@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/a297bffde6879f56c9ff7b04d9af60b5"},"description":"The Federal Cabinet has approved a draft of a Future Financing Act. The law is intended to improve the starting conditions for startups.","breadcrumb":{"@id":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#primaryimage","url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg","contentUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg","width":1280,"height":525,"caption":"Zukunftsfinanzierungsgesetz"},{"@type":"BreadcrumbList","@id":"https:\/\/cms.munich-startup.net\/93735\/zukunftsfinanzierungsgesetz-verabschiedet\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cms.munich-startup.net\/"},{"@type":"ListItem","position":2,"name":"Bessere Finanzierungsbedingungen f\u00fcr Startups: Zukunftsfinanzierungsgesetz verabschiedet"}]},{"@type":"WebSite","@id":"https:\/\/cms.munich-startup.net\/#website","url":"https:\/\/cms.munich-startup.net\/","name":"Munich Startup","description":"The official startup portal for Munich","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cms.munich-startup.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/a297bffde6879f56c9ff7b04d9af60b5","name":"Saskia Doll","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3cbbe2dd459d277864bc6c7477d0bdf8?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3cbbe2dd459d277864bc6c7477d0bdf8?s=96&d=blank&r=g","caption":"Saskia Doll"},"url":"https:\/\/cms.munich-startup.net\/en\/author\/doll\/"}]},"og_image":[{"width":1280,"height":525,"url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/08\/paragraph-2546124_1280.jpg","type":"image\/jpeg"}]},"_showyear":"","_inactive":"","_show_financing":"","_hide_on_map":"","_edit_lock":"1692777861:24","_edit_last":"24","_yoast_wpseo_focuskw":"Zukunftsfinanzierungsgesetz","_yoast_wpseo_metadesc":"Das Bundeskabinett hat den Entwurf f\u00fcr ein Zukunftsfinanzierungsgesetz beschlossen. Das Gesetz soll die Ausgangsbedingungen f\u00fcr Startups verbessern.","_yoast_wpseo_linkdex":"76","_thumbnail_id":"93739","wbounce_status":"default","_yoast_wpseo_primary_category":"5638","_yoast_wpseo_focuskw_text_input":"","_yoast_wpseo_content_score":"60","ms_image_format":"contentwidth","_ms_image_format":"field_5cb8587572c8b","ms_dachzeile":"","_ms_dachzeile":"field_5cd9b7f365df5","ms_bump_post_date":"","_ms_bump_post_date":"field_5d1341edcf42a","guest_author_name":"","_guest_author_name":"field_5cee78a6016f9","guest_author_image":"","_guest_author_image":"field_5cee7914016fb","guest_author_description":"","_guest_author_description":"field_5cee78dd016fa","ms_post_image_caption":"","_ms_post_image_caption":"field_5f735b0735284","ms_post_image_credit":"","_ms_post_image_credit":"field_5f735b1435285","suppress_startupbox":"1","_suppress_startupbox":"field_60a64b0b6efc6","_yoast_wpseo_estimated-reading-time-minutes":"2","_wp_old_date":"","_yoast_wpseo_title":"","_yoast_wpseo_wordproof_timestamp":"","footnotes":"","easy_language_simplification_original_id":"","easy_language_source_language":"","easy_language_simplification_language":"","easy_language_api":"","easy_language_prevent_automatic_mode":"","_wp_old_slug":"","_wp_trash_meta_status":"","_wp_trash_meta_time":"","easy_language_simplification_state_changed_from":"","easy_language_de_EL_changed":"","ms_competition_deadline":"","_ms_competition_deadline":"","_wpbitly":"","enclosure":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","wbounce_template":"","wbounce_title":"","wbounce_text":"","wbounce_cta":"","wbounce_url":"","wbounce_override":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_oembed_7131efca3705e16bd9da2c41df237660":"","_oembed_time_7131efca3705e16bd9da2c41df237660":"","_pprredirect_type":"","_pprredirect_url":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_newsletterglue":"","easy_language_text_language":"","_wp_desired_post_slug":"","_relevanssi_noindex_reason":"","_links":{"self":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/93735"}],"collection":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/comments?post=93735"}],"version-history":[{"count":4,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/93735\/revisions"}],"predecessor-version":[{"id":93746,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/93735\/revisions\/93746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media\/93739"}],"wp:attachment":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media?parent=93735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/categories?post=93735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/tags?post=93735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}