Industry: Software development Region: Kazakhstan Transaction price: $1 million Transaction method: equity investment
Brief introduction:
Founded in 2018, TRANSINFOTECH LLC specializes in the development of information analysis system software for the transportation and logistics industry.
Registered as astana Hub International Science and Technology Park on April 29, 2019, it is therefore free of corporate income tax, VALUE-ADDED tax, employee income tax, royalty income tax for 10 years, and free of income tax on dividend income and capital appreciation income for Kazakh residents and non-kazakh residents. However, according to the agreement signed with the science park, only the priority business of the science park can receive the revenue, and pay 1 percent of the revenue for the science park service fee.
The system developed by the company has been introduced into the system of the Kazakh tax Office and the company receives revenue from the air freight logistics company for the electronic processing of documents. It is planned to be introduced into the Ministry of Agriculture and the customs system.
The market:
The company has the potential to enter the markets of other EEU countries such as Kyrgyzstan, Tajikistan, Belarus and Armenia as well as countries such as Uzbekistan and Ukraine which are not part of the EEU.