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

SMB Development Center supporting the creation of new business entities 04.09.20

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan continues to support the creation of new business entities.

The Khachmaz SMB Development Center of SMBDA involves people interested in starting business to create new business entities, selects the appropriate field of activity according to their potential, and provides support in terms of documentation, registration, access to financial resources and other areas for the establishment of a sole proprietorship or a limited liability company (LLC). With the support of the Khachmaz SMB Development Center, which started operating in February 2020, 4 sole proprietorships and 5 LLCs have been established in the Guba-Khachmaz economic region so far.

The newly established business entities operate in the fields of services, trade, education, production of containers for packaging of agricultural products, online sales of household appliances, delivery of dairy products on order, production and export of tomatoes, customs representation.

Note that in addition to supporting the establishment of business entities, the SMB Development Centers provide training and consulting services for those who want to start a business, including for micro, small and medium entrepreneurs to build and develop business, and provide support and services in areas such as information, coordination, access to financial resources, etc.