SMB

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

Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

16 KOB entities were awarded with "Startup" certificates in the first quarter of this year 22.04.24

Projects obtained the "Startup" certificate encompass the development of online platforms, mobile applications, and the manufacturing various devices, all integrating innovative solutions across sectors like education, public catering, food services, ICT, and industry.

In January-March 2024, 26 micro and small entrepreneurs appealed to the Small and Medium Business Development Agency (KOBİA) for the "Startup" certificate. Based on the "Criteria for the determination of Startup" approved by the Resolution of Cabinet of Ministers on January 29, 2021, the Council of Experts made decision to award 16 micro and small entrepreneurs with "startup" certificates.

11 are legal entities, while 5 are individuals out of the economic entities awarded with certificates.

Among them, 15 are micro-enterprises, and 1 is a small business entity.

The projects obtained the "Startup" certificates encompass the development of online platforms, mobile applications, and the manufacturing various devices, all integrating innovative solutions across sectors like education, public catering, food services, ICT, and industry.

Overall, 139 micro and small business entities were awarded with "startup" certificates up to date.

The "startup" certificate exempts SMBs from corporate profit tax and personal income tax on income derived from innovative activities for a period of 3 years.

Small and medium-sized enterprises shall apply to KOBİA to obtain this certificate. For more detailed information, please visit the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi.