SMB

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

The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" 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

Online meeting held for clustering 15.03.24

The online meeting was arranged for informing entrepreneurs on incentives considered for SMB clusters.

The meeting was held for raising awareness of entrepreneurs regarding SMB clustering with the organization by the Small and Medium Business Development Agency (KOBİA).

The representatives of relevant state institutions also attended the online meeting whereupon more than 40 entrepreneurs were participating.

At the meeting the participants were informed of the definition of the SMB cluster, advantages of the cluster, tax incentives considered for the SMB cluster, SMB cluster company, rules for obtaining the SMB cluster certificate; opinions on cooperation among SMBs in the field of clustering, on establishment of cluster companies in various sectors, especially in agricultural, transport, construction, tourism etc., that are traditional and priority for our country were shared, and questions of entrepreneurs were answered.

Note that micro, small and middle entrepreneurs may BBE eligible for a number of tax incentives by creating SMB cluster. So, the SMB cluster company is exempted from profit tax for 7 years since the date of inclusion in relevant register, land and property tax for lands used in the SMB cluster activity, and VAT for the import of technological equipment and devices. SMB cluster stakeholder is exempted from profit or income tax of the part of the profit or income it gets for goods presented, which is aimed at reimbursement of its capital expenses for 7 years under the contract concluded with the SMB cluster. The commercial legal person seeking to leverage incentives considered for the SMB cluster should obtain the certificate of the SMB cluster company. For this, the commercial legal entity should apply to KOBİA in writing or online.