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EUR
GBP
RUB
USD
TRY
1.8479
2.195
0.0194
1.7
0.0515
EUR
1.8479
GBP
2.195
RUB
0.0194
USD
1.7
TRY
0.0515

The number of entrepreneurs who have received the “Startup” certificate has reached 25

The number of entrepreneurs who have received the “Startup” certificate has reached 25



The Small and Medium Business Development Agency (SMBDA) has issued “Startup” certificates to 6 more SMBs. Thus, the number of SMBs who have received the “Startup” certificate has reached 25.

 

“Startup” certificates have been issued for the production and sale of automated concession stands of “Buta Vending” LLC, “www.azdo.az” platform for “Cusperco” LLC service providers, “www.payriff.com”  payment aggregator for “Payriff” LLC’s online trade, software for healthcare institutions by individual entrepreneur Aliagha Aghayev, platform “www.oxuyan.az” for the arrangement of online exams of “Oxuyan” LLC, and cloud-type software for the arrangement of e-management in business entities, created by individual entrepreneur Farid Farmanov for “www.bein.az” project.  

The startup certificate exempts SMBs from paying profit tax and the tax for income from innovation activities for 3 years from the date of receipt of the certificate.

 

The Startup certificate exempts SMBs from income tax and tax on income from innovation activity for 3 years from the certificate obtaining date.

 

Micro and small enterprises, projects of which are in the development stage, can apply to SMBDA for a “Startup” certificate. Detailed information on the application form and other required documents, as well as the appropriate criteria, can be found at https://smb.gov.az/en/nav/startap-sehadetnamesi 

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