Page 2 - 201908G20Entrepreneurship Newsletter

Argentina Enacts Regime to Promote Knowledge Economy

Argentina's Senate has approved "a Regime to Promote the
Knowledge Economy" on May 29. 2019, The Regime will be valid
from January 1, 2020 until December 31, 2029, aimed at incentivizing
investment in the sector, doubling the number of jobs and generating
US$15 billion from exports by 2030. The Regime will apply throughout
Argentina, and aims to promote economic activities that apply
knowledge and digitization of information, supported by advances in
science and technology, to obtain goods and services. The Regime
aims to promote the creation, design, development, production, and
implementation of software, computer, and digital services
The National Registry of Beneficiaries of the Regime for the
Promotion of the Knowledge Economy will be established, to which
those who would like to access the Regime must register. Access
to the Regime may be granted to legal persons incorporated in • Exports of goods and/or services that arise from the
Argentina or authorized to act in Argentina, to develop in the country development of any of the promoted activities represent at least
on their own as a main activity, the activities mentioned above, are 13% of total billing corresponding to those activities.
registered in the National Registry, and meet at least two of the The tax incentives established by the law include fiscal stability,
following requirements:
reduction and refund of employer contributions and reduction
• Continuous improvements in the quality of its services, products of the Income Tax rate to 15%.The purpose of this new regime
and/or processe. is to replicate the success obtained by the Software Promotion
Law, a factor that decisively contributed to the enormous growth
• Research and development represent at least 3% of total
turnover, and training of employees represent at least 8% of total and international insertion of the Argentine software industry in
wages. the last 15 years, in which it multiplied several times the formal
employment and its volume of exports.

New Business Start-up Training for Refugees in the UK

A pilot to encourage refugee entrepreneur programs across the UK has been launched with the Centre for Entrepreneurs (CFE) with
funding from the Home Office and The National Lottery Community Fund, the Immigration Minister announced on July 21st. The 1-year pilot
jointly will identify established local business support organizations to deliver tailored start-up programs that will take refugees from idea
stage to business launch. The pilot was launched at an event in London on Monday 22 July. The 1-day summit convened business support
organizations to explore the entrepreneurial potential of refugees. Organizations shared their insight from refugee-focused development
programs, carried out in the UK and overseas, which provide training and mentoring space to help growing the business.

The new start-up training model follows last year's CFE publication of "Starting afresh: How entrepreneurship is transforming the lives of
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resettled refugees". The CFE report detailed the level of experience
and interest in entrepreneurship among refugees and highlighted
the profound role that self-employment can play in helping refugees
retake control of their lives.
The report called on the business community, philanthropists
and the government to work together in rolling out refugee
entrepreneurship programs nationwide – a model that has been
adopted in over 130 cities around the world in recent years. The
report also puts forward a compelling case about why refugees
make great entrepreneurs, how they can contribute to the UK as
business-creators, and how guiding them towards entrepreneurship
can reduce the public spending and strengthen the social
integration.
The program will be overseen by CFE and a national expert steering
group including representatives from the Home Office and The
National Lottery Community Fund, refugee entrepreneurs, and
experts from the academic and voluntary sectors.