- Mobile adtech developer Kidoz Inc. has been officially recognized as a preferred technology enterprise in Israel
- Established under the economic efficiency law, this status that comes with extensive tax relief benefits, such as reduced tax liabilities starting from the year 2022 and projected through to 2026
- The Vancouver-based company called this a cornerstone in promoting capital investment, innovation, and employment in Israel, especially in high-tech industries
- Kidoz Inc. opened trading at $0.11 per share
Mobile adtech developer Kidoz Inc. (TSXV:KIDZ) has been officially recognized as a preferred technology enterprise in Israel.
Established under the economic efficiency law, this status comes with extensive tax relief benefits, such as reduced tax liabilities starting from 2022 and projected through to 2026.
The Vancouver-based company called this a cornerstone in promoting capital investment, innovation, and employment in Israel, especially in high-tech industries. The team stated this aligns with Kidoz’s mission in child-safe advertising and a child-safe operating system. As a preferred technological enterprise, Kidoz met specific criteria, including significant research and development expenses, a substantial proportion of employees dedicated to research and development, and consistent revenue and employee growth.
“The tax relief is of immense business significance to Kidoz. It is anticipated to facilitate the continuity and expansion of our operations in Israel,” Eldad Ben Tora, president of Kidoz Inc., said in a statement.
Jason Williams, Kidoz CEO, added, “This status not only highlights our technological innovation and growth but also significantly enhances our business prospects, profitability, and expansion plans in Israel. We extend our gratitude to our Israeli team, whose expertise and commitment have been pivotal in achieving this status.”
Kidoz owns the leading COPPA & GDPR compliant contextual mobile advertising network that safely reaches hundreds of millions of kids, teens and families. Kidoz has developed advanced contextual targeting tools to enable brands to reach their ideal customers with complete brand safety.
Kidoz Inc. last opened trading at $0.11 per share.
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