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

6 micro-enterpreneurs have been awarded with "Startup" certificates 01.05.24

“The number of SMBs that have obtained the “Startup” certificate has reached 145.

Six additional SMB entities have been awarded with the “Startup” certificates by the Small and Medium Business Development Agency (KOBİA). Therefore, the total number of SMB entities obtained the “Startup” certificate reached 145.

The "Startup” certificates have been awarded to the following projects: mobile platform for online doctor appointments created by "E-Tibb" LLC, "Imajin Technologies" LLC, an interactive platform for online shopping, "Finmarket" LLC, an online credit platform for financial institutions, "Troniq" LLC, specializing in the production and sale of advertising robots, "Yoldash" LLC, an online platform bringing together drivers and passengers, as well as for the project of an online gaming platform from Kheyale Nushiravanova.

It should be noted that the “Startup” certificate grants SMBs a three-year exemption from profit and income tax derived for tax from innovative activities, starting from the date of certificate issuance.

Micro and small business entities being currently in the development stage of their projects are eligible to apply for a Startup certificate from KOBİA. To apply and receive additional information about the required documents and criteria, please visit the following link:https://smb.gov.az/az/nav/startap-sehadetnamesi