SMB

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

Attention to Entrepreneurs Initiating Clustering Initiatives! Business Development Ideas from Imishli Entrepreneurs were heard Trainings Launched for Export-Oriented Entrepreneurs 7 SMEs have been granted a 'Startup' certificate. The 7th Grant Competition for the Financing of SMEs' Education, Science, Research, and Support Projects is Announced Representatives of KOBIA participated in WCF Africa 2025 Summit Representatives of KOBIA participated in the Annual Investment Meeting held in Abu Dhabi Attention to manufacturers wishing to showcase their products and services free of charge at the 'Caspian Agro' and 'InterFood Azerbaijan' exhibitions! The Azerbaijan Coffee Championship has taken place Our country will be represented by this Startup in AIM Congress International Startup Congress

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.