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 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.