9 more SMEs awarded “Startup” certificates
The number of micro and small entrepreneurs exempt from profit or income tax on innovation activities has reached 272.
According to Startup.az, the Small and Medium Business Development Agency (KOBIA) has received 13 additional applications from SMEs for obtaining a “Startup” certificate. The applications were reviewed at a meeting of the Expert Council established for this purpose, and a decision was made to grant the certificate to 9 of them.
The “Startup” certificates were awarded to the following projects:
- “Yumo Technology” LLC – a marketplace for car service and maintenance services
- “Myad Solutions” LLC – the “Admein.az” project (an interactive advertising platform in taxis)
- “Mergen AI” LLC – the “HAL-X” specialized artificial intelligence model
- “AD Libitum Solutions” LLC – software for parking and access control systems
- “Baysart” LLC – an “AI-powered Art” platform
- “Tanz Technologies” LLC – an AI-based omnichannel customer communication platform
- “Innovation Media Services” LLC – the “InnMedia” project (an agent-based AI solution for media organizations)
- “Devlab” LLC – an AI-based recruitment and talent development platform
- Individual entrepreneur Arif Hasanov – an AI-based real estate trading platform
The “Startup” certificate exempts SMEs from profit and income tax on revenues generated from innovation activities for a period of three years from the date of issuance.
Micro and small businesses at the development stage of their projects can apply to KOBIA for a “Startup” certificate. Detailed information on the application form, required documents, and relevant criteria is available at: https://smb.gov.az/az/nav/startap-sehadetnamesi
