The number of SME entities that received the "Startup" certificate, which provides tax benefits for innovative activities, reached 110.
The Small and Medium Business Development Agency (SMB) awarded the "Startup" certificate to 5 more SMEs. With this, the number of SMEs that have received the "Startup" certificate has reached 110.
"Startup" certificates "Kipias" LLC's online platform facilitating repair-design work, Ramin Akbarov's digital business network platform, "Baku Carsharing Company" LLC's car rental software, "Pargour" LLC's parking software guarantee was provided for the projects of online services for specialists of "Yeni Zeon" LLC.
The "Startup" certificate exempts SME entities from profit and income tax on their income from innovation activities for a period of 3 years from the date of receipt of the certificate. Micro and small business entities whose projects are in the development stage can apply to KOBIA for a "Startup" certificate. The application form, other necessary documents, as well as detailed information about the relevant criteria can be found on the KOBIA website www.smb.gov.az.
It should be noted that in January-September 2023, KOBIA received 77 applications from micro and small entrepreneurs for the issuance of the "Startup" certificate. According to the "Criteria for determining a startup" approved by the Cabinet of Ministers' Decision dated January 29, 2021, 24 SMEs, 23 of which are micro and 1 are small entrepreneurs, were issued certificates based on the opinion of the Council of Experts. Projects that have received the "Startup" certificate include mobile applications and online services that include innovative solutions in fintech, education, healthcare, tourism, business digitalization, e-commerce.
