"One of the measures pertaining to taxation announced by the Finance Minister Nirmala Sitharaman as part of the several measures to boost the economy was the withdrawal of 'Angel Tax' provisions for
Start-ups and their investors," it added.
The participation of these
start-up companies will feature the Philippine
start-up community's potential in the international market, and provide them with global exposure and opportunities on partnerships, mentorship and investments.
The packages, which will save
start-ups up to Dh3.5 million of non-dilutive capital, are designed to help firms invest their available capital on growing their businesses and attracting high-quality engineers.
'We have earmarked a few
start-ups over the past few months and now as a team, we are actually trying to do a lot more research into them."
She expressed that incubators are the support system of
start-ups by giving them a place to work.
* The creation of a special 100 Arab
Start-Ups concierge service to help
start-ups navigate and benefit from the local Bahrain ecosystem;
"StartUp Bahrain Week 2019 was a real community effort, packed full of inspirational events for entrepreneurs and investors that will encourage innovation and growth in the
start-up ecosystem - not just here but across the region," she added.
We will have to decide which
start-ups are real
start-ups and how they can be exempted from Section 56(2) of Income Tax Act," Central Board of Direct Taxes chairman Sushil Chandra said.
Chair, Sohn Tae-seung, said that the firm would increase its investments in
start-ups in order to expand innovation in South Korea.
Instead, they take or demand a majority stake in the
start-up that turns the founder into an employee and discourages the new venture from accepting funds from these investors.
According to Jazz Foundation's report Digital Entrepreneurship Ecosystem in Pakistan 2017, 'One of the biggest bottlenecks in the entrepreneurial ecosystem is the lack of venture capital.' Data from this report says that out of the nearly 300
start-ups formed every year, only around 15 (a mere five per cent) receive seed or Round A funding.