{"id":134133,"date":"2026-01-01T09:00:34","date_gmt":"2026-01-01T07:00:34","guid":{"rendered":"https:\/\/bronger.de\/unkategorisiert\/up-to-eur-100000-tax-credit-for-investments-by-business-angels\/"},"modified":"2026-02-17T14:32:15","modified_gmt":"2026-02-17T12:32:15","slug":"entrepreneurship-taxcredit","status":"publish","type":"post","link":"https:\/\/bronger.de\/en\/analysis\/entrepreneurship-taxcredit\/","title":{"rendered":"Up to EUR 100,000 tax credit for investments by business angels"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;0&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; uncode_shortcode_id=&#8221;948065&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/1&#8243; uncode_shortcode_id=&#8221;959761&#8243; column_width_pixel=&#8221;900&#8243;][vc_custom_heading heading_semantic=&#8221;h1&#8243; text_size=&#8221;h1&#8243; uncode_shortcode_id=&#8221;173991&#8243;]Up to EUR 100,000: Tax credit for investments by business angels[\/vc_custom_heading][uncode_info_box items=&#8221;Date,Categories,Author|no_avatar|inline_avatar|display_prefix,Reading_time&#8221;][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;377260&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243;][vc_column_text uncode_shortcode_id=&#8221;941733&#8243;]Since January 1, 2026, the Luxembourg start-up ecosystem has been offering founders and investors another very attractive geographical advantage, the <em>Cr\u00e9dit d&#8217;imp\u00f4t Start-up<\/em>: a tax credit of up to EUR 100,000 for business angels and investors(1).[\/vc_column_text][vc_row_inner row_inner_height_percent=&#8221;0&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; limit_content=&#8221;&#8221; uncode_shortcode_id=&#8221;603559&#8243;][vc_column_inner column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/2&#8243; uncode_shortcode_id=&#8221;114385&#8243; css=&#8221;.vc_custom_1770474077906{padding-right: 5px !important;padding-left: 5px !important;}&#8221;][vc_column_text border_color=&#8221;color-wvjs&#8221; border_style=&#8221;solid&#8221; uncode_shortcode_id=&#8221;826699&#8243; border_color_type=&#8221;uncode-palette&#8221; css=&#8221;.vc_custom_1770705086303{border-top-width: 3px !important;border-right-width: 3px !important;border-bottom-width: 3px !important;border-left-width: 3px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}&#8221;]<strong>What is a \u2018tax credit\u2019?<\/strong><\/p>\n<p>A tax credit directly reduces the income tax due (and not just the taxable income).<\/p>\n<p>It cannot be paid out and can only be claimed under the criteria explained in the article. Structurally, it allows for a reduction in future tax payments \u2013 liquidity that business angels and investors can then use in the following year(s).<\/p>\n<p>For start-ups, this can be a powerful leverage to <strong>close angel tickets more quickly<\/strong>, as investors benefit from a predictable tax upside.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text uncode_shortcode_id=&#8221;102601&#8243;]Subject to the eligibility criteria listed and explained in detail below, business angels and investors are able to receive <strong>20%<\/strong> <strong>of their equity investments<\/strong> back <strong>as a tax credit<\/strong> as of this year. Where the credit exceeds the tax liability, the surplus remains available and may generally be carried forward to the following year.<\/p>\n<p>Equity investments are <strong>capped to a<\/strong> <strong>tax credit of EUR 100,000<\/strong> per tax year and person \u2013 investments above this annual maximum amount will not qualify for any tax benefit and cannot be carried forward to the following year.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;210115&#8243;]Requirements for investors:[\/vc_custom_heading][vc_row_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134033&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;141999&#8243; title=&#8221;Who?&#8221;]Natural persons resident in Luxembourg and certain non-residents who are treated as residents (assimilation)[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134036&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;767203&#8243; title=&#8221;How?&#8221;]Direct cash investment in newly issued, fully paid, registered shares \u2013 upon formation or through a capital increase.[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134047&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Minimum holding period:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;930699&#8243;]3 years. Shares held via a tax-transparent vehicle are treated as equivalent to a direct holding in proportion to the share in that vehicle.[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134059&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;950770&#8243; title=&#8221;Excluded:&#8221;]Founders and employees of the start-up in the relevant year (funding logic: external angels)[\/vc_icon][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_single_image media=&#8221;134076&#8243; media_width_percent=&#8221;100&#8243; uncode_shortcode_id=&#8221;430795&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;140251&#8243;]Investment criteria:[\/vc_custom_heading][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134081&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Minimum amount:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;244705&#8243;]EUR 10,000 per investor and start-up[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134085&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Maximum eligible amount:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;117074&#8243;]EUR 500,000 or 30% share in start-up \u2013 investments above this amount or cap are permitted, but do not qualify for tax credits[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;133957&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Calculation:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;111561&#8243;]Investment amount taking into account any premiums and disregarding investments without a corresponding issue of shares[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;133907&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Start-up Cap:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;613899&#8243;]max. EUR 1.5 million in eligible cumulative investments (across all eligible investors) per start-up[\/vc_icon][vc_icon position=&#8221;left&#8221; icon_image=&#8221;133915&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Investment with an innovative character:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;151695&#8243;]Funds are intended to specifically promote innovation (more on this in the info box)[\/vc_icon][vc_column_text border_color=&#8221;color-wvjs&#8221; border_style=&#8221;solid&#8221; uncode_shortcode_id=&#8221;278461&#8243; border_color_type=&#8221;uncode-palette&#8221; css=&#8221;.vc_custom_1770705257399{border-top-width: 3px !important;border-right-width: 3px !important;border-bottom-width: 3px !important;border-left-width: 3px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}&#8221;]<strong>Innovative character:<\/strong><\/p>\n<p>The parliamentary presentation stipulates, among other things, that the start-up should invest at least 15% in research and development (R&amp;D) in order to ensure its innovative character. In addition, technical summaries on implementation emphasise that minimum personnel capacities (e.g., at least two full-time equivalent employees) and a confirmed R&amp;D quota may also play a role.[\/vc_column_text][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_row_inner][vc_column_inner width=&#8221;1\/1&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;112656&#8243;]Eligible start-ups:[\/vc_custom_heading][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134110&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Legal form:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;851715&#8243;]Corporation or cooperative[\/vc_icon][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134033&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Tax status:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;191857&#8243;]Fully taxable in Luxembourg or in the EEA with a business establishment in Luxembourg[\/vc_icon][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134096&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Age:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;110829&#8243;]Not more than 5 years old*[\/vc_icon][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134099&#8243; media_size=&#8221;90&#8243; text_size=&#8221;h4&#8243; title=&#8221;Number of employees:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;123484&#8243;]Less than 50 employees*[\/vc_icon][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134106&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Turnover or balance sheet total:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;203034&#8243;]Up to EUR 10 million*[\/vc_icon][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134103&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Group rating:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;823572&#8243;]In the case of group membership, age and size characteristics are checked at group level and must generally be confirmed[\/vc_icon][\/vc_column_inner][\/vc_row_inner][vc_icon position=&#8221;left&#8221; icon_image=&#8221;134059&#8243; media_size=&#8221;100&#8243; text_size=&#8221;h4&#8243; title=&#8221;Excluded:&#8221; link=&#8221;|||&#8221; uncode_shortcode_id=&#8221;714653&#8243;]The subsidy explicitly excludes certain business purposes (selection):<\/p>\n<ul>\n<li>Law firms<\/li>\n<li>Audit\/Revision\/Accounting<\/li>\n<li>Companies whose main purpose is real estate (construction, development, trading, leasing, management, promotion, utilization or sale of real estate\/rights) or the holding of interests in such companies<\/li>\n<li>Venture capital companies (within the meaning of the SICAR Act)<\/li>\n<li>Companies created by merger or demerger (within the meaning of EU requirements)<\/li>\n<li>Companies that have distributed dividends or reduced their capital since their foundation (exception: capital reduction to cover losses)<\/li>\n<\/ul>\n<p>[\/vc_icon][vc_column_text uncode_shortcode_id=&#8221;120063&#8243;]*Cut-off date is the end of the relevant tax year for which the credit is applied for.[\/vc_column_text][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;968216&#8243;]Here&#8217;s how you can prepare:[\/vc_custom_heading][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;h4&#8243; uncode_shortcode_id=&#8221;151395&#8243;]<u>As a business angel \/ investor:<\/u>[\/vc_custom_heading][vc_accordion gutter_simple=&#8221;0&#8243; active_tab=&#8221;0&#8243; uncode_shortcode_id=&#8221;540240&#8243;][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Plan the timing and tax profile&#8221; tab_id=&#8221;6dad8f3c-7309-8155567891400181770571896026&#8243;][vc_column_text uncode_shortcode_id=&#8221;368769&#8243;]As the tax credit cannot be paid out, it is particularly worthwhile to use it if sufficient income tax will be payable in the future (with carry-forward if necessary).[\/vc_column_text][\/vc_accordion_tab][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Monitor your equity stake&#8221; tab_id=&#8221;9346230d-a835-9155567891400121770571896026&#8243;][vc_column_text uncode_shortcode_id=&#8221;850866&#8243;]Above 30%, any investment won\u2019t result in a tax credit \u2013 this can be relevant in seed rounds.[\/vc_column_text][\/vc_accordion_tab][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Consider the holding period&#8221; tab_id=&#8221;d21d5937-3bb0-2155567891400101770571896026&#8243;][vc_column_text uncode_shortcode_id=&#8221;530858&#8243;]Take into account the three-year holding period in your deal structure (exit rights, liquidation preferences, drag\/tag, secondary).[\/vc_column_text][\/vc_accordion_tab][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Document the structure&#8221; tab_id=&#8221;1555679162900-3-141770571896026&#8243;][vc_column_text uncode_shortcode_id=&#8221;121429&#8243;]Given that the criteria of \u2018direct investment\u2019 is critical and was discussed during the legislative process, it is essential to clearly document how you hold your investment.[\/vc_column_text][\/vc_accordion_tab][\/vc_accordion][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;h4&#8243; uncode_shortcode_id=&#8221;997356&#8243;]<u>For start-ups:<\/u>[\/vc_custom_heading][vc_accordion gutter_simple=&#8221;0&#8243; active_tab=&#8221;0&#8243; uncode_shortcode_id=&#8221;540240&#8243;][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Provide proof of innovation well in advance&#8221; tab_id=&#8221;6dad8f3c-7309-81555678914001817705718960266&#8243;][vc_column_text uncode_shortcode_id=&#8221;534892&#8243;]If you need to provide evidence of your R&amp;D ratio and minimum resources, prepare your reports and confirmations well in advance.[\/vc_column_text][\/vc_accordion_tab][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Cap table &amp; funding rounds&#8221; tab_id=&#8221;9346230d-a835-91555678914001217705718960266&#8243;][vc_column_text uncode_shortcode_id=&#8221;102809&#8243;]The combination of a total threshold of EUR 1.5 million and an investor cap can influence the size of the funding round and the selection of investors.[\/vc_column_text][\/vc_accordion_tab][vc_accordion_tab gutter_size=&#8221;2&#8243; column_padding=&#8221;2&#8243; title=&#8221;Verify sector exemptions&#8221; tab_id=&#8221;d21d5937-3bb0-21555678914001017705718960268&#8243;][vc_column_text uncode_shortcode_id=&#8221;150950&#8243;]Should your activity potentially fall within an exempted sector, it is advisable to clarify this prior to investor discussions.[\/vc_column_text][\/vc_accordion_tab][\/vc_accordion][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;212828&#8243;]Outlook[\/vc_custom_heading][vc_column_text uncode_shortcode_id=&#8221;433385&#8243;]Luxembourg increasingly uses tax instruments to accelerate transformation and innovation \u2013 in addition to the new start-up credit, there are also modernised investment tax incentives for companies in the digital\/green transition sector.<\/p>\n<p>The new start-up tax credit can be a powerful lever for business angels: a 20% reduction of tax for qualifying equity investments is a clear signal in European comparison.<\/p>\n<p>At the same time, the conditions (innovation criteria, holding period, direct investment, caps) are designed in such a way that structuring, documentation and timing play a decisive role. Anyone wishing to invest in 2026 should therefore ensure at term sheet stage the form of investment, cap table effects and documentation are in line with their tax objectives.<\/p>\n<p><em>This article is for general information purposes only and does not constitute legal advice.<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;128981&#8243; back_color_type=&#8221;uncode-palette&#8221; css=&#8221;.vc_custom_1769943380317{margin-bottom: -10px !important;}&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; align_horizontal=&#8221;align_center&#8221; gutter_size=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;195516&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_row_inner][vc_column_inner width=&#8221;4\/6&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;169420&#8243;]About[\/vc_custom_heading][vc_column_text uncode_shortcode_id=&#8221;209643&#8243;]Dr Bj\u00f6rn Bronger, EMBA, is an independent advisor to start-ups and lawyer, as well as lecturer in entrepreneurship at the <em>Luxembourg School of Business<\/em> (LSB).<\/p>\n<p>In connection with funding rounds, Bj\u00f6rn <strong>advises business angels and start-ups<\/strong> on structuring transactions in such a way that they benefit from the new 20% tax credit \u2013 from the initial consultation to the final documentation. This includes:<\/p>\n<ul>\n<li><strong>Round &amp; cap table design<\/strong> (equity limits, ticket splits, syndicates)<\/li>\n<li><strong>Investor readiness<\/strong> (pitch sparring, documentation package, Q&amp;A preparation)<\/li>\n<li><strong>Deal roadmap &amp; document management<\/strong> (what needs to be available when, who delivers what)<\/li>\n<li><strong>Founder sparring<\/strong> (financing strategy, governance setup, negotiation leverage)<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_button button_color=&#8221;color-122636&#8243; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-371596&#8243; font_weight=&#8221;400&#8243; border_width=&#8221;0&#8243; link=&#8221;url:https%3A%2F%2Fbronger.de%2Fabout|title:More%20about%20Dr.%20Bj%C3%B6rn%20Bronger&#8221; uncode_shortcode_id=&#8221;210277&#8243; button_color_type=&#8221;uncode-palette&#8221;]More[\/vc_button][\/vc_column_inner][vc_column_inner column_width_percent=&#8221;100&#8243; align_horizontal=&#8221;align_center&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;2\/6&#8243; uncode_shortcode_id=&#8221;135717&#8243;][vc_single_image media=&#8221;133960&#8243; media_width_percent=&#8221;100&#8243; uncode_shortcode_id=&#8221;987771&#8243;][uncode_socials size=&#8221;lead&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;104689&#8243;](1) Article 154quaterdecies of the Luxembourg Income Tax Act introduced by the <a href=\"https:\/\/legilux.public.lu\/eli\/etat\/leg\/loi\/2025\/12\/19\/a617\/jo\" target=\"_blank\" rel=\"noopener\">Law of December 19, 2025<\/a>.[\/vc_column_text][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;128981&#8243; back_color_type=&#8221;uncode-palette&#8221; css=&#8221;.vc_custom_1769943380317{margin-bottom: -10px !important;}&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; align_horizontal=&#8221;align_center&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;681458&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading uncode_shortcode_id=&#8221;214346&#8243;]More news[\/vc_custom_heading][\/vc_column][\/vc_row][vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;192073&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;420433&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][uncode_block id=&#8221;133182&#8243;][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;3&#8243; overlay_alpha=&#8221;100&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; row_height_use_pixel=&#8221;&#8221; uncode_shortcode_id=&#8221;163478&#8243;][vc_column column_width_use_pixel=&#8221;yes&#8221; align_horizontal=&#8221;align_center&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; zoom_width=&#8221;0&#8243; zoom_height=&#8221;0&#8243; uncode_shortcode_id=&#8221;939070&#8243; column_width_pixel=&#8221;900&#8243; width=&#8221;1\/1&#8243;][vc_button button_color=&#8221;color-122636&#8243; size=&#8221;btn-lg&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-371596&#8243; font_weight=&#8221;400&#8243; border_width=&#8221;0&#8243; link=&#8221;url:https%3A%2F%2Fbronger.de%2Fnews%2F|title:Zur%C3%BCck%20zu%20den%20News&#8221; uncode_shortcode_id=&#8221;192602&#8243; button_color_type=&#8221;uncode-palette&#8221;]All news[\/vc_button][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row unlock_row_content=&#8221;yes&#8221; row_height_percent=&#8221;0&#8243; back_color=&#8221;color-xsdn&#8221; overlay_alpha=&#8221;0&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; content_parallax=&#8221;0&#8243; uncode_shortcode_id=&#8221;948065&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_column column_width_use_pixel=&#8221;yes&#8221; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":134011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[132,149,150,151],"tags":[],"class_list":["post-134133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-law-en","category-start-ups-entrepreneurs","category-luxembourg"],"_links":{"self":[{"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/posts\/134133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/comments?post=134133"}],"version-history":[{"count":5,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/posts\/134133\/revisions"}],"predecessor-version":[{"id":134138,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/posts\/134133\/revisions\/134138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/media\/134011"}],"wp:attachment":[{"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/media?parent=134133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/categories?post=134133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bronger.de\/en\/wp-json\/wp\/v2\/tags?post=134133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}