IT sector start-ups will be provided with state support for 3 years

IT sector start-ups providing their own IT product will be granted with privileges.

The RA Government approved the draft law on IT sector state support, defining the principles of state support to IT start-up companies. In particular, the licensed companies will be paying 0 % profit tax and 10 % income tax, which will essentially contribute to the increase of new companies in the field and will have a positive impact in terms of employment.