Bellerage Alinga

Exemption of „Business Angels“ from Personal Income Tax

Exemption of „Business Angels“ from Personal Income Tax

The Ministry of Finance has prepared a preferential bill for investors who support new projects in the early stages of development.

The draft law “On the Protection and Encouragement of Investments and the Development of Investment Activities of the Russian Federation” spells out the concept “business angel” as an individual making venture capital investments in high-tech companies and providing them with comprehensive support. As part of state support, investors will be able to compensate personal income tax from income derived from investments in start-ups.