"Startup" certificate was awarded to 3 more SMEs
Nazrin Abdul
Read moreTo date, 164 SMEs have been awarded "Startup" certificates, Azernews reports.
The Expert Council, established by the Small and Medium Business Development Agency (SMBDA) for issuing these certificates, recently convened to review six new applications. As a result, "Startup" certificates were granted to three SMEs: Cibpay LLC, which offers a multifunctional online payment platform; Optima Business Solutions LLC, known for its online platform for managing and signing electronic documents; and IkhtisasSech LLC, which facilitates the admissions process for educational institutions.
This brings the total number of SMEs holding the "Startup" certificate to 164.
The "Startup" certificate provides a three-year exemption from profit or income tax on revenue generated from innovative activities.
Micro and small businesses with projects in the development stage are encouraged to apply for a "Startup" certificate. Application forms, required documents, and detailed criteria are available at: [https://smb.gov.az/az/nav/startap-sehadetnamesi](https://smb.gov.az/az/nav/startap-sehadetnamesi).
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!