SMB

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

The results of the startup competition "From us to business" have been announced Rwandan delegation got acquainted with activities of the "Baku SMB House" "Investment journey" event took place in Masalli The most active entrepreneurs of 2024 have been awarded A citizen reception was held at KOBİA Results of the 6th grant competition announced for financing projects by SMB entities have been disclosed A memorandum on the green transition of SMBs signed between KOBİA and the Asian Development Bank Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay

4 more business entities were issued "Startup" certificates 14.09.21

The Small and Medium Business Development Agency (SMBDA) issued “Startup” certificates to 4 more business entities. These are the “VATT” LLC’s “Powerbank rental” project for renting phone chargers through a mobile application, “ALT SERVICE” LLC’s “Smart network device” for uninterrupted power supply, individual entrepreneur Tabriz Zeynalov’s “www.cagir.az” online platform for purchase and sale of household services, and the “TECHFIN” LLC’s project of the cloud-based online accounting program “www.hesabat.az”.

Micro and small businesses that have been issued a “Startup” certificate are exempt from income tax and tax on income from innovation activity for 3 years from the document receipt date. In this regard, entrepreneurs are advised to obtain a “Startup” certificate for already profitable projects that are at the stage of active growth.

It should be noted that at the moment, SMBDA has issued “Startup” certificates to 14 micro and small businesses.

To obtain a “Startup” certificate, micro and small entrepreneurs may apply to SMBDA. For more information on the application form, required documents, and the relevant criteria for obtaining a “Startup” certificate: https://smb.gov.az/en/nav/startap-sehadetnamesi