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

Another 5 micro entrepreneurs exempted from profit and income tax 13.03.24

135 SMB subjects have been awarded with a “Startup” Certificate up to now.

The “Startup” Certificate has been granted to extra 5 SMB entities by the Small and Medium Business Development Agency (KOBİA).

The “Startup” certificates have been issued for the projects that include a hotel and car reservation platform of “Vvonder Voyage” LLC, an online platform and a mobile app of “Kidfi” LLC, which are aimed at increasing the financial awareness and calculation skills, a production of an ultrasonic therapeutic weight-loss device of “CM Elec Troniq” LLC, an online platform of “4Youkid” LLC for psychological services, and a production of a measurement device offered by an individual entrepreneur, Ramil Gadirov, for recording the environmental parameters.

This “Startup” Certificate exemptes the SMB entities from profit and income tax imposed for the revenues they earn from innovations from the date of issuance of the certificate.

The micro and small entrepreneurial entities whose projects are in the stage of development may apply to KOBİA for “Startup” certificates. You can find the application form and other required documents, as well as detailed information on relevant criterion at: https://smb.gov.az/az/nav/startap-sehadetnamesi

Note that only in 2023 42 SMB entities have been awarded with “Startup” certificates. 39 of them are micro and 3 are small entrepreneurial entities. The projects obtaining this document include innovative solutions on production and service areas. Up to now, the “Startup” Certificate have been given to 135 SMB entities.