Startup Central Eurasia News Digest

15 April, 2022

We are ready to share the weekly digest of news about the Central Eurasian Startup Ecosystem. 

1. A student from Kazakhstan created a startup to develop and launch nanosatellites into the stratosphere

April 6, WeProject media

Abylaikhan Mukhamedzhanov is the founder of a startup for the development and launch of nanosatellites, which are assembled in the international CubeSat format (10x10x10 cm with a mass of no more than 1.33 kg). Typically, such devices have one mission and carry one electronics unit that will collect the necessary data.

Due to the low cost, a large number of experiments can be carried out with the help of nanosatellites, which makes space more accessible and easier to study. The assembly and launch of the nanosatellite will cost in the range of $30,000 to $60,000.

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2. Livo together with UNDP are working on access to services in the regions of Tajikistan

April 6th. Your TJ

A little over a year ago, the United Nations Development Program in Tajikistan launched a call for tenders to develop mobile applications to facilitate service delivery at the local level. Livo, which has a fairly effective experience in the development of mobile applications, responded to a request from UNDP. She had to conduct research to understand what services the population needed access to, and then find partners to work on projects. Thus, the applications of Intercity Taxi, Navba Online Booking Service, Agricult Agricultural Services and Livo Edu Educational Application were created.

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3. Opening an individual entrepreneur and doing business in Georgia: taxes, accounting, personal experience

April 7th. RusBase

Valery Alekseev, the author of the educational project Eduverse, moved to Georgia in 2017 and lived in Tbilisi for 5 years. The entrepreneur said that, for example, from the documents for opening an IP, only a passport is required. In addition, you will need a person who has a residence permit in Georgia and knowledge of the Georgian language. After receiving the message, you can go to the tax service to select your status and secure it for yourself:

up to 100 thousand lari / year - micro business (tax 0%);

up to 500 thousand lari / year - small business (tax 1%, if the turnover is higher, then the tax is 3%).

The main limitation of microbusiness is that it will not work to hire employees.

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4. Key issues of scientific and technical cooperation between Kyrgyzstan and Uzbekistan discussed in Tashkent

April 8 KyrgyzKabar

A meeting of heads of ministries and departments of science and technology of the SCO member states was held in Uzbekistan. The Minister of Education and Science of Kyrgyzstan proposed at the initial stage to establish a Kyrgyz-Uzbek science fund to finance joint research projects, as well as to organize joint scientific, innovative and start-up projects.

In addition, the minister supported the initiative of the Uzbek side on the exchange of experience: scientific conferences, round tables and advanced training courses for scientists from the two countries will be held in the countries.

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5. Why Kazakhstan can be interesting for foreign IT startups, Astana Hub explained

April 8th. Business information centre

Over the past three years, 83 foreign companies have entered the Astana Hub site. As Astana Hub noted, first of all, foreign IT businessmen are attracted in Kazakhstan by tax preferences, in particular, benefits for 13 types of taxes and dividends. Secondly, it is a simplified procedure for obtaining a visa for non-residents and members of their families; unlimited number of attracted foreign workers; obtaining a C3 work visa for up to 5 years instead of 3. In addition, under the Seed Money program, IT companies at various stages can apply for Astana Hub financial support in the amount of $5,000 or more.

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6. A new fund for Ukrainian startups worth $1.5-2 million will provide grants in the amount of $50,000

April 8th. Ukraine investment news

The fund was formed on the basis of the Center for Entrepreneurship of the Ukrainian Catholic University. It is assumed that six teams will receive $50,000 grants at the start, and 20-30 more startups will receive grants in the future.

The Fund is interested in teams in which at least 70% of employees remain in Ukraine. In addition, a startup must have an already sold product, and, accordingly, the proceeds from these sales. The expenses of such startups should be from $10,000 to $25,000 per month, that is, grant money should be enough for at least 2 months.

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7. It is planned to give citizenship of Kyrgyzstan to foreigners for investments of $500,000

April 11. KyrgyzKabar

Investors with new citizenship will be able to freely visit the country, conduct monetary and financial transactions in the banks of Kyrgyzstan, and also pay taxes in accordance with the tax legislation of the Kyrgyz Republic, which can be much more profitable in comparison with other states. The adoption of the draft Law in the future may create conditions for the development of an investment platform on the territory of the Republic, as a result of which GDP and GNP will increase and new jobs will appear.

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