SMB

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

The 3rd meeting of the Ukraine-Azerbaijan Business Council was held Azerbaijan-Saudi Arabia Joint Business Council held its 5th meeting Azerbaijan will host the first Halal Business and Tourism Forum A program for the digitalization of small and medium-sized enterprises (SMEs) has been launched in Azerbaijan Attention to SMBs seeking to promote their products and services at the Restoration, Reconstruction and Development of Karabakh Exhibition! Blood Donation Campaign KOBIA representatives visited the USA KOB Houses – A Place Where Efficiency, Transparency, and Convenience Meet - REPORT A presentation on the concept of a single digital platform for ESG was held Growing interest of Entrepreneurs' and hike of Applications towards SMB Houses

3 more SMBs Receive "Startup" Certification 09.08.24

To date, 164 SMBs have been awarded "Startup" certifications.

The Expert Council on Startup Certification at the Small and Medium Business Development Agency (KOBİA) held its latest meeting. During the meeting, 6 applications from SMBs were reviewed, and 3 of them were granted "Startup" certification.The certified companies include: "Cibpay" LLC, with its multifunctional online payment platform "Optima Business Solutions" LLC, with its online platform for electronic document management and signing "İxtisasSeç" LLC, with its platform facilitating the admission process for educational institutions.

With these additions, the number of SMBs holding "Startup" certification has reached 164.

The "Startup" certification exempts SMBs from profit or income tax on revenues derived from innovation activities for a period of 3 years from the date of receiving the certificate.

Micro and small enterprises with projects in the development stage are eligible toapply for "Startup" certification from KOBİA.To find out more about application forms, required documents, as well as detailed information about elibigility criteria, you may visit the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi