Modelo 165: Certifications for startup investors

Modelo 165: Certifications for startup investors is filed with Agencia Tributaria, modelo 165. With Managora you do it 100% online: you answer a few questions, sign a digital mandato (power of representation) and we draft, sign and file your application for you. What we charge you: €149.

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We file your Modelo 165 (informative return of individual certifications issued to shareholders or members of newly or recently created entities) with the AEAT (Spanish Tax Agency). Each investor may deduct 50 % of the amount invested from their IRPF (income tax), with a maximum base of 100.000 €/year, following Ley 28/2022 (the Startup Law). We validate the requirements of the issuing company (legal form, not listed, fondos propios (shareholders' equity) of no more than 400.000 €, genuine economic activity) and of each investor (subscription at incorporation or in a capital increase within the following 5 years, 7 for an empresa emergente (certified startup); shareholding together with family of up to 40 %; holding period of more than 3 years and less than 12).

Practical guide: AEAT financial information returns: forms 165, 345, 198, 117 and 038. Requirements, deadlines and the steps, explained.

Managora for Startups. From idea to company, without the friction.

What we charge you: €149
Managora's fee: €149.00 (21% VAT incl.)
Tasa (official government fee): No tasa payable
Processing time: 1 to 31 January of the year following the financial year.
Where it is filed: Agencia Tributaria, modelo 165 ↗
What you receive: Application

Cost breakdown: Our fee €149.00 (21% VAT incl.), no tasa (official fee). It is an informative return, so there is no amount to pay to the Tax Agency..

Modelo 165: Certifications for startup investors: how is it filed?

1Answer the chat questions (~10 minutes).
2We validate the requirements of art. 68.1 LIRPF (income tax law) both for the company and for each investor.
3Payment of €149.00 (21% VAT incl.).
4Sign the mandate from your mobile.
5We file the Modelo 165 electronically with the AEAT.
6You receive the stamped copy with a CSV. Each investor receives their individual certification to apply the deduction on their IRPF.

Which documents do you need?

•Deed of incorporation of the company and, if it is an empresa emergente (startup), ENISA's certificado de empresa emergente (startup certificate under Ley 28/2022).
•Annual accounts for the previous financial year, evidencing the fondos propios (shareholders' equity) at the start of the company's tax period in which the shares were subscribed.
•List of investors with NIF, date of acquisition, amount and identification of the transaction (incorporation / capital increase).
•Documentation evidencing genuine economic activity (CNAE, contracts, invoices).

Legal basis and things to bear in mind

Deadline: 1 to 31 January of the year following the financial year. No extension.
Informative nature: NO amount is paid.
Investor deduction on the state portion of IRPF: 50 % from 2023 (Ley 28/2022) on a maximum base of 100.000 €/year (previously 30 % / 60.000 €).
Subscription: at incorporation or in a capital increase within the 5 years following incorporation; 7 years if it is an empresa emergente (startup) under Ley 28/2022. The deduction is for subscribing: buying shares from another shareholder does not qualify.
Fondos propios (shareholders' equity) of the company at the start of the tax period in which the investor acquires: no more than 400.000 € (if it belongs to a group under art. 42 CCom, the whole group is counted).
The investor's direct or indirect shareholding, together with that of their spouse and relatives up to the 2nd degree, may not exceed 40 % of the capital or of the voting rights on any day of the calendar years of the holding period. This limit does not apply to founding shareholders of an empresa emergente (startup) under Ley 28/2022 who are named in the deed of incorporation; in any other company, founders are also subject to it.
Holding period: more than 3 years and less than 12 (exactly 3 years is not enough).
The certification the company gives each investor confirms that the company meets its requirements in the tax period in which the investor subscribed: if it does not, it must not be issued. The investor's own requirements (subscription deadline, the 40 % limit and holding period, among others) are conditions of their IRPF deduction.
Penalty under art. 198 LGT: 20 €/omitted item (min. 300 €, max. 20.000 €).

Modelo 165: Certifications for startup investors: frequently asked questions

Modelo 165: Certifications for startup investors: how much does it cost?

We charge you €149: our fee plus, where applicable, the fixed official tasa we advance. Our fee €149.00 (21% VAT incl.), no tasa (official fee). It is an informative return, so there is no amount to pay to the Tax Agency.. Managora's fee is €149.00, 21% VAT included (€123.14 net + €25.86 VAT). This procedure carries no official tasa.

Modelo 165: Certifications for startup investors: how long does it take?

1 to 31 January of the year following the financial year.

Modelo 165: Certifications for startup investors: which documents do I need?

You need to have to hand: Deed of incorporation of the company and, if it is an empresa emergente (startup), ENISA's certificado de empresa emergente (startup certificate under Ley 28/2022)., Annual accounts for the previous financial year, evidencing the fondos propios (shareholders' equity) at the start of the company's tax period in which the shares were subscribed., List of investors with NIF, date of acquisition, amount and identification of the transaction (incorporation / capital increase)., Documentation evidencing genuine economic activity (CNAE, contracts, invoices).. You do not upload them here: we collect the details through the guided chat.

Who files the procedure?

Managora files it in your name with Agencia Tributaria, modelo 165. You only provide the details through the chat and sign a mandato (power of representation); we prepare, sign and register it.

Can it be done online?

Yes. The whole process is online: you answer a few questions in the guided chat, sign a simple mandato on screen and receive the receipt and the official documents by email, with full legal validity.

Related procedures

Based on the legislation in force and on the official site of the competent authority: Agencia Tributaria, modelo 165 ↗.

Managora Gestion SL (company number B88823893) is a private company. We are not Agencia Tributaria, modelo 165, we are not affiliated with, authorised or endorsed by any public authority, and this website is not an official government portal. What you pay on this page is our fee for preparing, signing and filing the procedure on your behalf: it is separate from the official tasa, which where applicable belongs to the authority and is shown to you separately. You can carry out this procedure yourself, directly with Agencia Tributaria, modelo 165.

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