14:48 - 10.10.2024
October 10, Fineko/abc.az. Georgia can provide 10-year tax benefits for Azerbaijani startups.
ABC.AZ reports that Georgian Deputy Minister of Economy & Sustainable Development Irakli Nadareishvili said at the INMerge Innovation Summit held in Baku.
He added that an innovative startup status will be adopted in Georgia at the end of next year, which will allow startups to enjoy zero taxation in the first three years and tax benefits for 10 years:
The deputy minister noted that these preferences will apply not only to Georgian citizens, but also to foreign startups:
"Georgia has always consistently created an attractive business and investment environment, despite the fact that the country is a small market with the population of only 3.7 million people. However, we were able to balance this with free trade agreements signed with different countries."
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