As a new self-employed person or a new sole proprietorship, you have the following tax reliefs and benefits:

• The tax rate of the first step of the tax scale is reduced by 50% for the first three years of activity, as long as your annual gross income from business activity does not exceed €10,000.
• When you first obtain income from business activity, the amount of the advance income tax to be certified is reduced in half.
• You are exempted from the imposition of a business tax for the first five years from the commencement of your business.
• You can also be exempted from VAT, if you have an annual gross income of less than 10,000 euros.
• No minimum mandatory capital is required when establishing a sole proprietorship.