Certificates given to six more startups


November 26, Fineko/abc.az. The Agency for the Development of Small & Medium-sized Businesses (KOBIA) has issued startup certificates to six more SMEs.
ABC.AZ reports that the number of KOBIA entities that have received startup certificates has reached 25. Startup certificates were given for the production and sale of automated trading kiosks of Buta Vending LLC, platforms www.azdo.az service providers of Cusperco LLC, payment aggregator www.payriff.com for online trading of Payriff MMC LLC, software for healthcare institutions of individual entrepreneur Aliaga Agayev, for platform www.oxuyan.az on the organization of online exams of Oxuyan LLC and for cloud-type software on the organization of e-management in business entities of individual entrepreneur Farid Farmanov for project www.bein.az .
The startup certificate exempts SMEs from paying profit tax and the tax for income from innovation activities for 3 years from the date of receipt of the certificate.