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Azerbaijan issues startup certificates to small, medium-sized enterprises

Economy Materials 7 December 2022 16:55 (UTC +04:00)
Azerbaijan issues startup certificates to small, medium-sized enterprises
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 7. The Azerbaijani Small and Medium Business Development Agency (SMBDA) under the Ministry of Economy has issued startup certificates to 78 small and medium-sized enterprises (SMEs), Trend reports citing the agency.

Startup certificates were given to the VR Home LLC's virtual reality platform (marketplace), the Probill LLC's e-platform for real estate and residential property management, the Blockchain Academy LLC's online blockchain technology training, and the online quiz of individual entrepreneur Eyvaz Ahmadzada.

A startup certificate exempts SMEs from paying income tax and tax on innovation income for three years from the date of its receipt.

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