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Azerbaijan issues startup certificates to more SMEs

Business Materials 18 October 2021 17:42 (UTC +04:00)
Azerbaijan issues startup certificates to more SMEs

BAKU, Azerbaijan, Oct. 18

Trend:

Azerbaijan’s Small and Medium-Sized Businesses Development Agency (SMBDA) handed ‘Startap’ (startup) certificates to 5 more SMEs, Trend reports citing the Agency.

These startup certificates were presented to the GLOBAL İNNOVATİONS LLC online payment aggregator and the www.epoint.az platform for e-commerce; to the VVHELP LLC software for online customer support for business entities; to an online consulting platform for the agricultural sector (private entrepreneur Orkhan Jafarov); to an online platform for suppliers and procurers of SUPPLY CHAIN COMMUNITY LLC; to an online knowledge competition project (private entrepreneur Namig Hajiyev).

The certificate for 3 years exempts SMEs from taxes on profits and income received from innovative activities.

Subjects of micro and small businesses, whose projects are under development, can apply for a certificate to the Agency.

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