Innovative start-ups are corporations (and cooperatives) which are new or recently established, have their main office and market in Italy, shares which are owned mostly by physical persons, their company objectives oriented towards development and production or commercialization of innovative or highly technological products and services.
New Development Decree 2.0 (Conversion Law number 221 of December 17, 2012) allows such new companies, among other things, to hire workers on limited contracts (also on a repeatable basis, each one being no shorter than six months; in this case without a break between one contract and the other, pursuant to Law 92/2012) for a maximum total duration of 48 months, without having to adhere to the normal laws regarding matters of technical, productive, organizational or substitutional character.
On the same token, regarding remuneration such limited contracts do not have to adhere to regulations on quantity or percentages, in comparison with the company’s already existing unlimited contracts, provided for by the National Collective Labour Agreement (ccnl). Furthermore, such companies can offer remuneration which corresponds to the company’s efficiency and profitability, or even offer compensation in the form of company shares, which can even enjoy special tax conditions.
