Parliament Act No. 4 Of 3 June 2016 Amending The Greenland Parliament Act On Trade And Industry To Land-Based Businesses (Support For Incubator Space)

Original Language Title: Inatsisartutlov nr. 4 af 3. juni 2016 om ændring af inatsisartutlov om erhvervsfremme til landbaserede erhverv (Støtte til inkubatorforløb)

Read the untranslated law here: https://www.global-regulation.com/law/greenland/5961113/inatsisartutlov-nr.-4-af-3.-juni-2016-om-ndring-af-inatsisartutlov-om-erhvervsfremme-til-landbaserede-erhverv%2528sttte-til-inkubatorforlb%2529.html

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Parliament Act no. 4 of 3 June 2016 amending the Greenland Parliament Act on Trade and Industry to land-based businesses
(Support for incubator space)

Modified repeals, hovedlov replaces information

Change
Parliament Act no. 20 of 3 December 2012 on business for land-based businesses

§ 1
In Parliament Act no. 20 of 3 December 2012 on business for land-based businesses performed as follows:

First After § 1 added:

"§1 a. You can create a pool to fund incubator programs with the aim of supporting temporary incubator space that includes training courses and counseling for certain entrepreneurs, and is estimated to cause economic benefits in the form of, for example, additional or more extensive business activities or increased employment of workers in businesses. "
second After § 5 added:

"§ 5 a. Support is also to incubator space.
PCS. 2. incubator space, see. Paragraph. 1, is time-limited process with training and advice that may be granted to entrepreneurs who are in the initial phase, and entrepreneurs whose business has been registered in Greenland in less than 12 months.
PCS. 3. Support for incubator space can be allocated for a period of up to 24 months.
PCS. 4. The Government may lay down detailed rules for incubatory, including the conditions for granting aid. "
Third § 10 pcs. 1 is replaced by:

"The Government may decide on the management of aid under §§ 5 and 5a with the local council or a management company."

§ 2
The Greenland Parliament Act shall enter into force on 1 June 2016.

Greenland, June 3, 2016

Kim Kielsen