Dentis (CEO Ki-bong Shim), a dental and medical options firm, has been designated as a high-tech firm by the Ministry of Science and ICT. This designation permits Dentis to anticipate tax advantages price roughly 10 billion gained over the subsequent 5 years, together with company tax reductions and native tax advantages.
Designation as a high-tech firm is decided by a complete analysis of corporations positioned inside particular analysis and growth zones, primarily based on their patent competitiveness, R&D capabilities, and expertise commercialization efficiency, in accordance with the Special Act on the Promotion of Research and Development Zones. Designated corporations obtain tax advantages, together with company tax, acquisition tax, and property tax, to help R&D reinvestment and technological development.
Dentis will construct a new dental enterprise plant on Yulam-ro, Dong-gu, Daegu in 2024 and be integrated into the Daegu Innovation City Research and Development Special Zone. This designation as a high-tech firm was achieved by assembly the necessities for location inside the R&D Special Zone.
During the designation course of, Dentis was acknowledged for its technological and financial competitiveness in implant and manufacturing applied sciences. The screw design expertise, which considers implant stress distribution, demonstrated developments and differentiation in comparison with present applied sciences, and animal testing demonstrated osseointegration stability. Furthermore, Dentis achieved excellent ends in key quantitative indicators, together with Osstell Mentor (ISQ 70 or increased) and AnyCheck (IST 80 or increased).
With its designation as a high-tech firm, Dentis will obtain a 100% company tax exemption for the subsequent three years and a 50% discount for the following two years. It will even obtain reductions in native taxes, together with acquisition and property taxes. The firm plans to make the most of these advantages to enhance profitability and reinvest in analysis and growth.
A Dentis consultant said that this designation is the end result of official recognition of the implant expertise and business positioning gathered over 20 years, and that the firm will pursue enhanced profitability and sustainable development primarily based on the secured monetary capability.
- See extra associated articles
Related