"The Cell will work towards redressal of grievances and mitigate tax-related issues in case of
Start-up entities with respect to administration of the Income-tax Act, 1961," the notification said.
The three government agencies are working together to promote and assist Philippine startups through the following joint initiatives: the digital
start-ups Philippine Program of the DICT which aims to boost the ICT ecosystem and promote and develop local ICT
start-up businesses; the Technology Transfer Support for Nurturing Tech
Start-Ups of DOST-PCIEERD, which contributes to the economic and industrial development of the country; and DTI-EMB's Startup Pilipinas, which provides government support to scale up local
start-ups by participating in outbound business-matching missions and international pitching competitions.
The
start-ups include UAE-based BitOasis, the largest digital asset exchange platform in the Middle East, Lamsa, an award-winning Arabic language learning app, US-based Surkus, the world's most powerful experiential marketing tech platform and Bayzat, an insurance and HR tech
start-up.
Ooctane, a Cambodian venture capital firm backed by local logistics company Worldbridge Group, has identified potential
start-ups in the Kingdom to fund, saying it has reserved $55 million for Cambodia's growing number of entrepreneurs.
She talked about how
start-ups work and about incubators which support
start-ups by funding and grooming them.
BAHRAIN rolled out a new programme of support for the 100 Arab
start-ups shaping the Fourth Industrial Revolution, at the recently concluded World Economic Forum on the Middle East and North Africa in Jordan.
An ecosystem tour allowed founders to meet key members of the Bahrain
start-up scene, such as StartUp Bahrain, EDB and Tamkeen.
The section states that the amount raised by a
start-up in excess of its fair market value would be deemed as income from other sources and would be taxed at 30 per cent.
BANKING AND CREDIT NEWS-January 14, 2019--Woori to enhance investments in
start-upsWith the main objective to educate, connect and attract investment to
Start-ups and Founders in the regions.
Formal
start-up funding began in 2013 in Pakistan with inflows of $4 million, which grew to $9 million in 2014 and touched the peak at $39.75 million in 2015.