SMB

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

Three More SMEs Awarded “Startup” Certificates Public discussion is organized due to green transport business Opportunities for entrepreneurial activities in regions : SME Friends, SME Development Agencies The Promotional Exhibition of Local Companies is Commencing Meeting was held with Entreprenuers engaed in import and export 8th Plenary Session of the CICA Business Council and the 10th Business Forum Held in Baku Attention to SMEs Wishing to Showcase Their Products and Services at the “2nd Turkic Trade Fair”! Young Entrepreneurs from Azerbaijan and Turkiye Discuss Prospects for Cooperation With Government Support, Nearly 10 Entrepreneurs Participate in “Caspian Agro” and “InterFood Azerbaijan” Exhibitions Another Training Held for Entrepreneurs Engaged in Export Activities

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