SMB

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

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 With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

8 more SMBs have received the "Startup" certificate 29.11.24

The number of SMBs that received the "Startup" certificate has reached 182.

Yet another meeting of the Expert Council, established within the Small and Medium Business Development Agency (KOBİA) to award the "Startup" certificate, has been held.

During the meeting, 15 applications submitted by SMBs were reviewed, and subsequently it was decided to issue "Startup" certificate to 8 of them.

SMBs and projects that have received the "Startup" certificate are as follows:

- "Navimax" LLC - GPS tracking platform;

- Individual entrepreneur Ingilab Rzayev - "Bazardan" mobile application for the sale and delivery of agricultural products;

-"Firstit" LLC - Mobile application enabling subscriptions and cashback options for purchases at coffee shops, cafes, and restaurants;

- "Oenva" LLC - An online intellectual game platform;

- "EcoRide" LLC - An online platform for organizing courier delivery services;

- "Cyber security Platform" LLC - An online platform for developing practical skills in the field of cybersecurity.

- "E-imza" LLC - An online platform for preparing, digitally signing, storing, and managing electronic documents;

- “Mopsn” LLC – Mobile application for the sale of diverse services

Consequently, the number of SMBs that have received the "Startup" certificate has reached 182. The "Startup" certificate exempts SMBs from profit and income taxes for a period of 3 years, starting from the date they receive the certificate for the income generated from their innovation activities. Micro and small business entities in the project development stage are eligible to apply to the Small and Medium Business Development Agency (KOBİA) for the "Startup" certificate.

The application form, and the required documents, as well as the detailed information about the relevant criteria can be found at the following link:

https://smb.gov.az/az/nav/startap-sehadetnamesi