Another 6 SMEs that created mobile applications and online platforms for the service sector were exempted from profit or income tax.
The Small and Medium Business Development Agency (KOBIA) awarded the "Startup" certificate to 6 more micro and small business entities. With this, the number of SMEs that received the "Startup" certificate reached 151.
"Startup" certificates "Money-Tunnel" LLC's mobile application that connects customers with financial institutions, Rufat Gulmalizade's interactive video training and communication platform, "Yax" LLC's taxi booking mobile application, "JI Studio" LLC's artificial intelligence based on the platform for designing and developing web pages, Niyaz Ismayilov's interactive award-winning online competition platform, "Ainuverse" LLC's smart search platform on video content projects were presented.
The "Startup" certificate exempts SME entities from profit or income tax on the income they receive from innovation activity for a period of 3 years from the date of receipt of the certificate.
