SMB

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

Attention to SMEs Interested in Collaborating with Oil and Gas Companies! An event dedicated to the 102nd anniversary of the birth of Heydar Aliyev was held at KOBIA Entrepreneurs’ Questions Regarding the 7th Grant Competition Addressed A Meeting Was Held with Female Inmates at Penitentiary Institution No. 4 of the Penitentiary Service A Memorandum of Understanding Signed Between KOBIA and the Belarusian Universal Commodity Exchange JSC The Path to Entrepreneurship – Take Your First Step into Business with the Self-Employment Program Attention to the SMBs with questions regarding the 7th Grant Competition Support from entrepreneurs to football clubs within the framework of Corporate Social Responsibility The 6th Meeting of the Azerbaijan–Saudi Arabia Joint Business Council Held in Riyadh Conference on "Constitution and Sovereignty – The Development of Entrepreneurship in Azerbaijan" Held

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.