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

Another 4 micro-entrepreneurs were awarded with a "Startup" certificate 03.04.24

The “Startup” certificate exempts the SMB entities from profit and income tax on revenues they earn from innovation activity for the period of 3 years.

Another 4 SMB entities were awarded the "Startup" certificate by the Small and Middle Business Development Agency (KOBİA). So, the number of SMB entities who have obtained the "Startup" certificate became 139.

The "Startup" certificates have been presented for a project of "Yol Yoldashi" LLC on a mobile application for search of intercity transport, a project of "Prodigitrack" LLC on an online platform for the organization of procurement process, a project of Rafig Mirzayev on production of alternative protein and oil from agricultural and food waste, project of Aygun Aliyeva on manufacturing and sales of equipment for generation of water from atmosphere.

The “Startup” certificate releases the SMB entities of profit and income tax they earn from innovation activity for 3 years since the date of issue.

The micro and small entities whose projects are at a development stage are encouraged to apply to KOBİA for a "Startup" certificate. Application form and other required documents, as well as detailed information on relevant criteria, may be found at https://smb.gov.az/az/nav/startap-sehadetnamesi