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

Commercial legal persons seeking to create a SMB cluster are encouraged to apply to KOBİA to obtain the required certificate 25.09.23

Commercial legal persons seeking to create a SMB cluster are encouraged to apply to the Small and Medium Business Development Agency (KOBİA) to obtain a SMB cluster company certificate. Applications should be submitted to the Agency in written form (Address: quarter 1969, 38C/Ziya Bunyadov avenue, Baku) or electronically (info@smb.gov.az). Required documents for the SMB cluster company certificate can be obtained from the KOBİA website www.smb.gov.az.

It is worth underlining that SMB cluster is a set of SMB cluster companies and SMB cluster participants, established in the same or similar areas of economic activity, based on location in a certain geographical region, sharing workforce, single market and services, establishing mutual economic relations, are interconnected, complement each other and work jointly. The Tax Code of the Republic of Azerbaijan stipulates a number of tax benefits for the SMB cluster company and its stakeholders. Thus, the SMB cluster company is exempted from land and property tax for profits, land used in SMB cluster activities, and VAT on the imports of machinery, technological equipment and facilities for production or processing purposes for 7 years from the date of entry into the relevant register based on a certificate of approval. SMB cluster stakeholders are exempted from profit or income tax on the profit or income earned from the goods supplied under the contracts concluded with the SMB cluster company for a period of 7 years.

For detailed information on the SMB cluster: https://smb.gov.az/az/nav/kob-klaster