Tunisian parliament shows just what it takes to be a startup nation

by | Apr 9, 2018

Tunisian parliament has approved the Startup Act, a law which will supposedly turn Tunisia into a startup nation.

The approval, which comes after more than two years of deliberation within the parliament, will offer relief to many Tunisian entrepreneurs long seeking for a better climate to run or start their ventures.

Apparently, the Startup Act comes with perks such as exemption for startups from corporate taxes for up to eight years, special custom procedures, exemption from capital gains tax on investments made in startups, up to one year of time off from their current jobs (for both private and public sector employees), and salary for up to three founders during the first year of operations.

Since the Arab Spring of 2011, Tunisia’s new democracy has struggled to enact prudent economic policy to provide employment and opportunities for its young, growing population. And thanks to faster and freer access to the internet, as well as advancement in technology, the country’s startup scene has grown in large part since 2011. But with the Startup Act, Tunisian economy will have truly advanced to the digital age.

Back in Nigeria, most businesses (more so, startups) don’t survive their first few years due to the economic hardship and the poor business environment. Seeing that the Tunisian government has implemented the Startup Act, Nigeria can take a cue from them.

Come to think of it, what Tunisia has done is not completely unheard of. In 2017, President of France, Emmanuel Macron announced his plans to make France a startup nation. Through that declaration, France now would think and move like a startup.

Compared to Tunisia, Nigeria has a more expanded and vibrant technology community, so a Startup Act of sorts will have a strong use case in Nigeria surely.

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap