New certificates issued to these startups


September 14, Fineko/abc.az. The Agency for the Development of Small & Medium-Sized Businesses (KOBIA) has issued Startup Certificates to four more business entities. 

ABC.AZ was informed at KOBIA that among the projects are Powerbank rental project for renting chargers for phones of VATT LLC through a mobile application, Smart Network Device for uninterrupted power supply of ALT SERVICE LLC, an online platform www.cagir.az for the purchase and sale of household services of individual entrepreneur Tabriz Zeynalov and the cloud online accounting program of TECHFIN LLC www.hesabat.az 
Micro-and small business entities that have received Startup Certificates are exempt from paying income tax and income tax received from the relevant projects for the period of 3 years from the date of receipt of the document. In this regard, entrepreneurs are recommended to purchase Startup Certificates for projects that have received over-income and are in the stage of active growth.