Startups in Tunisia now have an offer from the Tunisian bank, UBCI.
UBCI which participated as a Gold Sponsor in the Riyeda Entrepreneurship Fair which was held in Tunis on February 12 and 13 took took advantage of the event to announce the launch of its new Start-Up offer dedicated to startup companies acting in the context of an innovative activity with proven development potential and having obtained the Startup Label.
‘‘The UBCI intends to strengthen its position as a partner of Tunisian entrepreneurs who favor a general interest approach rather than a purely financial logic,’’ Habiba Hadhri, DGA of the bank said.
Here Is All You Need To Know
- The offer is designed specifically for pools of innovative startups, taking largely into account the nature of their businesses, to facilitate their daily financial transactions, in Tunisia and abroad.
- It consists of a currency account, an international Visa Platinum card and a technology card, the ceiling of which can reach 100,000 dinars per calendar year and allows online shopping abroad.
- The UBCI is strongly involved in promoting the social and solidarity economy through its many initiatives, including its collaboration with the Lab’ess incubator.
- This support responds to a Corporate Social Responsibility strategy asserted by the bank through which it seeks to pursue its societal mission.
The Bank’s Offer Is Another Evidence of the Growing Effect of Tunisia’s New Startup Act
The Startup Act is a legal framework dedicated to Startups in Tunisia. This framework is designed to facilitate the launch and development of Startups from Tunisia.
This legal framework includes 20 measures structured around a Label of merit and benefits for entrepreneurs, investors and Startups.
It is mainly materialized by: (i) Law No. 2018-20 of April 17, 2018 relating to Startups; (ii) Decree No. 2018-840 of October 11, 2018 setting the conditions, procedures and time limits for granting and withdrawing the startup label and for the benefit of incentives and advantages for Startups and the organization , prerogatives and operating procedures of the labeling committee; and (iii) Circulars of the Central Bank of Tunisia N ° 2019-01 and 2019-02.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer.
He could be contacted at udohrapulu@gmail.com