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AIM Osservatorio: here are the measures for growth for 2019

MILAN (AIMnews.it) - Several innovations will drive the growth of AIM in 2019. With the final approval by the government the 2019 Budget has established an obligation for PIRs to invest 3.5% on SMEs. An important support for the growth of Italian companies and the AIM Italia market, which is preparing to receive new liquidity for 2019. Considering that 18.5 billion euros have been collected over the last 18 months, the intervention envisaged by the Budget provides a significant boost to IPOs and equity investments within the real economy, with the aim of increasingly encouraging the transition from debt to equity and for companies to strengthen their growth ecosystem. Furthermore, the European Commission has authorised tax incentives for investment in risk capital for innovative SMEs. The Commission's authorisation have made the incentives compliant with the European guidelines on state aid to promote investments in risk capital. The applicability of the tax incentives for innovative SMEs, already in force for investments in innovative start-ups, has therefore been extended. In particular, the tax incentives provide for individuals: a deduction of 30% for the purpose of IRPEF for the amount invested; the maximum deductible investment in each tax period is Euro 1 million (corresponding to a maximum annual deduction of Euro 300.000). For legal entities: a deduction of 30% for the purpose of IRES for the amount invested; the maximum deductible investment in each tax period is equal to Euro 1.8 million (corresponding to a maximum annual deduction of Euro 540.000). Definitive implementation of the measure of the MEF-MISE decree is still to be expected in the first few months of 2019. Today, there are more than 900 innovative SMEs: 29 are listed on AIM Italia. Furthermore, also in 2019 the tax credit will continue on 50% of the consulting costs incurred for listing on the stock market until 2020, which saw the allocation of 80 million euros in the three years 2019-2021. The idea is to propose the incentive package 'Finance for growth', which includes measures to facilitate companies' access to finance, to promote an environment that is more favorable to productive investments and to encourage companies to capitalise. The main elements of the CDI: maximum amount of 500,000 euros to the company, for Italian SMEs as defined by the European Union, which will be listed in the three-year period 2018-2020 on regulated and unregulated European markets. After the PIRs, the proposal by the government is to favour quotation, converted to law, which will have important repercussions on the economy and the competitiveness of our country. Through the platform 'PMI Capital', SMEs interested in listing can request verification of the admission requirements for the AIM Italia market. The positively evaluated companies will be able to use the IPO Advisory team (through a feasibility study) of IR Top to be placed into the listing process and prepared for potential investors.

03/01/2019