SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

Next reception of citizens held at KOBİA What events will be organized for entrepreneurs in August? “Ganja SME House” provided entrepreneurs with more than 2,000 kinds of services during the first three months of activity Memorandum of Understanding on cooperation signed between KOBİA and the Turkish Trade Center SME cluster companies create new cooperation opportunities for entrepreneurs Business contracts Applications of entrepreneurs have been heard Interest in the "SME Volunteers" Programme continues to increase Training events are being conducted within the framework of the Business Partnership Programme 35 "Startup" Certificates have been issued during the elapsed period of the current year

13 SMBs awarded the "Startup" certificate in the first half of 2023 03.08.23

Projects that have awarded the "Startup" certificate contain mobile applications and online services including innovative solutions in fintech, education, healthcare, tourism, business digitalization, and e-commerce.

In January-June 2023, 47 micro and small entrepreneurs turned to the Small and Medium Business Development Agency (KOBİA) for a "Startup" certificate. Based on the "Startup Identification Criteria" approved by the Cabinet of Ministers' Decision dated January 29, 2021, the Expert Council issued certificates to 13 SMBs, 12 of which are micro and 1 is a small entrepreneur. Projects that have received the "Startup" certificate include mobile applications and online services as well as innovative solutions in fintech, education, healthcare, tourism, business digitalization, and e-commerce.

Overall, 94 micro and small business entities have been awarded the "Startup" certificate.

The "Startup" certificate exempts SMBs from profit and income tax on their income from innovation activities for a period of three years from the date of receipt of the certificate.

Micro and small business entities whose projects are being developed are encouraged to apply to KOBİA for a "Startup" certificate. For application form and other required documents, as well as detailed information on the relevant criteria, please visit the following link: https://bit.ly/3KqQwuV