Resolution No. 53/2024/NQ-HDND clearly stipulates priority areas, criteria, conditions, procedures, and contents of innovative start-up activities that are eligible for tax exemption policies, on the basis of implementing specific mechanisms of the city as permitted by the National Assembly in Resolution 136/2024/QH15 dated June 26, 2024.
Tax-exempt enterprises will have to meet specific conditions related to their operating model, creativity, technological innovation and sustainable development potential.
Accordingly, the tax exemption policy not only reduces cost pressure but also contributes to attracting more young businesses, founders and technology investors to the city. This is one of the specific, systematic and specialized policies specifically for the creative startup community in the area that the city has implemented.
[ VIDEO ] - Leverage from tax exemption policy for innovative enterprises
As one of the prominent start-up projects in the field of sustainable tourism , Mr. Tran Dang Huy, representative of Local Life Technology Co., Ltd. (Hoa Xuan ward, Da Nang city) said that the enterprise is developing and operating the community tourism platform LocalLife.Asia.
Thereby, digitizing unique local tourism products, creating sustainable livelihoods for the community, preserving culture and nature, and bringing authentic and meaningful tourism experiences to visitors. The project integrates AI technology to personalize experiences and optimize the tourism process.
According to Mr. Huy, Resolution No. 53/2024/NQ-HDND is considered a breakthrough in the policy to support the innovative startup ecosystem in Da Nang.
Incentives such as exemption from corporate income tax for the first 5 years, exemption from personal income tax for co-founders, experts... not only remove financial barriers but also create great attraction for domestic and foreign businesses and experts.
“Support policies will be an important boost for Da Nang to attract investment, nurture creative ideas, and aim to become a dynamic, innovative city with a position in the country and the region,” said Mr. Huy.
According to Mr. Vu Tien Dung, Director of Fundgo Danang Creative Startup Investment Fund, Resolution No. 53/2024/NQ-HDND is a turning point in the city's support policy for the innovative startup ecosystem.
Tax exemption for businesses in the early stages not only reduces financial pressure but also creates a solid foundation for them to break through and develop faster in the future.
“This resolution will open the door to attract domestic and international investors to Da Nang to start businesses, thereby creating more jobs and promoting local economic growth,” said Mr. Dung.
Mr. Dung also said that the city's current business support policies are very practical. However, there are still some bottlenecks that need to be resolved.
As an investment fund operating in Da Nang, we will accompany the city in sharing and contributing ideas to make policies more flexible, truly creating a strong attraction for businesses to come to Da Nang in the coming time.
Mr. Vu Tien Dung, Director of Fundgo Danang Creative Startup Investment Fund
According to the Department of Science and Technology, on July 17, based on the dossier requesting confirmation of innovative start-up activities and innovative start-up support activities of enterprises, the Department held a meeting of the Council to appraise dossiers confirming innovative start-up activities and innovative start-up support activities.
This time, there are 10 enterprises requesting confirmation, including: OnusChain Blockchain Technology Joint Stock Company; Cake Blockchain Technology Joint Stock Company; Corporate Gift Solution Technology Joint Stock Company; Vfilms Technology Joint Stock Company; Digital Travel Technology LLC; Digital X Solution Technology Joint Stock Company; Local Life Technology LLC; DECENTRALAB LLC; Fastdo Digital Management LLC; Ahafast LLC.
Photo: VAN HOANG
Source: https://baodanang.vn/da-nang-mien-thue-cho-doanh-nghiep-doi-moi-sang-tao-3297118.html
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