Six more SMBs recognized as Startup Agents
Small and Medium Businesses Development Agency under the Ministry of Economy issued Startup Certificates to 6 more small and medium-size enterprises, according to Azerbaijan in Focus, reporting Turan News.
The certificates were given to Buta Vending LLC for launching production and sale of automatic trade kiosks; Cusperco LLC platform for service providers; Payriff LLC payment aggregator http://www.payriff.com for online trade; individual entrepreneur Aliaga Agayev – software for healthcare enterprises; Oxuyan LLC for online examination platform and Farid Farmanov IE cloud software for organization of electronic management in legal entities.
According to the Ministry of Economy, the number of SMBs which have received the Startup certificate has reached 25. The Startup certificate exempts them from income tax and income tax on their income from innovation activities for a period of 3 years from the date of the document receipt.