two years, 3 years? 4 years? How long time
For how long can company be considered a startup?
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5 years I guess.
Why do you think so, and your reasons. Because a company can even be 7 years and yet still be a startup, I think it depends on some feats, what they have achieved for a period of time
Talking from a tax authority point of view, a business is considered a start-up between 1-4years.
However, any business with a turnover of above 1 million is no longer a start-up even if the business is still within it’s 1-4 years of existence.
In the same vein, even if a business does not have up to 1 million as its turnover, provided the business has been in existence for over 4years, it can’t be regarded as a start-up any more.
I hope this helps 😊
For the first 5 years, the company will be involved in its serious learning curve and the taxes are very minimal.
The standard startup will be considered 0-3years