SMB

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

The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" A conference was held regarding the presentation of unified platform and the national standard for ESG A national standard on Environmental, Social, and Corporate Governance (ESG) has been adopted "KOB FEST" exhibition-sale fair held in Khachmaz A business plan – the key to successful and sustainable business "From Us to Business" startup competition is underway

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