Complementary Finance Law 2020: New measures to boost start-ups
The complementary finance law for 2020 (CFL2020) prioritizes start-up promotion in Algeria through tax exemptions, alternative funding mechanisms, and eased foreign investment rules. Measures include private equity ownership exceeding 49%, crowdfunding platforms, micro-loans via ANGEM, and exemptions from VAT, TAP, IRG, and IBS for three years. Despite the lack of a formal start-up definition, these initiatives aim to boost innovation, simplify funding, and support start-up growth in Algeria’s evolving business landscape.