SMB

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

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

Another 9 SME entities were granted “Startup” certificates 05.05.26

The number of micro and small entrepreneurs exempted from profit or income tax on innovation activities has reached 272.

An additional 13 applications from SME entities were submitted to the Small and Medium Business Development Agency (KOBİA), operating under the Ministry of Economy, for the issuance of the “Startup” certificate. The applications were reviewed at a meeting of the Expert Council established for the purpose of issuing the “Startup” certificate, and a decision was made to issue the relevant document to 9 of them.

The “Startup” certificates were issued for the following projects: “Yumo Technology” LLC’s marketplace for auto service and car care services; “Myad Solutions” LLC’s “Admein.az” project (interactive advertising platform in taxis); “Mergen AI” LLC’s specialized artificial intelligence model “HAL-X”; “AD Libitum Solutions” LLC’s software for parking and access control systems; “Baysart” LLC’s “Artificial Intelligence in Art” platform; “Tanz Technologies” LLC’s AI-based omnichannel communication platform for customers; “Innovation Media Services” LLC’s “InnMedia” project (agent-based AI solution for media organizations); “Devlab” LLC’s AI-based recruitment and development platform; and the project of individual entrepreneur Arif Hasanov — an AI-based real estate purchase and sale platform.

The “Startup” certificate exempts SME entities from profit and income tax on income generated from innovation activities for a period of 3 years starting from the date of receipt of the certificate.

Micro and small business entities whose projects are at the development stage may apply to KOBİA for a

“Startup” certificate. Detailed information on the application form and other required documents, as well as relevant criteria, is available at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi