SMB

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

A conference was held regarding the presentation of unified platform and the national standard for ESG A national standard on Environmental, Social, and Corporate Governance (ESG) has been adopted "KOB FEST" exhibition-sale fair held in Khachmaz A business plan – the key to successful and sustainable business "From Us to Business" startup competition is underway Meetings with entrepreneurs were held in Jalilabad and Goychay This year, entrepreneurs and individuals seeking to start business for the development of 220 business plans were supported A meeting with entrepreneurs was held in Quba "SMB FEST" exhibition-sale fair is underway in Khachmaz What should green business be like?

How is the decision to issue a "Startup" certificate made? 25.07.24

According to the "Criteria for Determination of Startup" approved by decision of the Cabinet of Ministers dated January 29, 2021, applications submitted by SMBs for the issuance of the "Startup" certificate are reviewed by the Expert Council. The council is composed of representatives from state institutions involved in the development of the innovation ecosystem and independent experts. The Expert Council reviews applications submitted to the Small and Medium Business Development Agency (KOBIA) for the issuance of a "Startup" certificate within 30 working days. and a decision on whether to issue or deny the certificate is made based on the council's assessment. It worth noting that the "Startup" certificate is a document that exempts SMBs from profit and income tax on revenues generated from innovative activities for a period of 3 years from the date that they receive the certificate.