Start-ups could benefit from new legal form in D66 proposal

The D66 wants a separate legal status for start-up companies so that these young companies can focus on innovation in the first two years and not be hampered by rules, RTL reports. D66 Member of Parliament Kees Verhoeven is considering a start-up-status. This would mean that young, innovative companies can reduce their labor costs, investment costs and income taxes for the first two years of existence. He also wants temporary labor contracts to be more flexible. According to Verhoeven, these young, innovative companies need support, especially in the first two years. He also points out that start-ups are increasingly important for employment and economic growth in the Netherlands. The Netherlands would be the first country in the world to have a separate legal entity for start-ups.