SMB

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

Meeting with Representatives of the Bursa Chamber of Commerce and Industry Another 10 SMBs Received “Startup” Certificates Two-Day Seminar on Green Climate Finance for SMBs was held The program “SMBs of Garabakh 2024” Program Launched Attention SMBs Interested in Exhibiting at the “KOB FEST” Fair in Sheki! Overview and Trends in Environmental, Social, and Governance Principles As part of the National Summer Festival, the “KOB FEST” Fair is underway Impressions of SMBs on the "5th Exhibition for the Promotion of Domestic Companies" What is an investment portal? A seminar on climate finance for SMBs will be held

SMBs to benefit from multiple tax benefits by joining an SMB cluster 06.02.24

Commercial legal entities seeking to establish an SMB cluster are encouraged to apply to KOBİA for an SMB cluster certificate.

Micro, small and medium business owners are offered to get a variety of tax benefits by establishing an SMB cluster. An SMB cluster company and its stakeholders are eligible for a number of tax benefits as stipulated by the legislation. Thus, the SMB cluster company is exempted from land and property tax for profits, land utilized in SMB cluster operations, and VAT for the import of technological equipment and facilities for a period of 7 years from the date of formal registration. For a period of 7 years, a stakeholder in the SMB cluster is exempted from profit or income tax on the part of profit or income earned from goods supplied in accordance with the terms of the contract signed with the SMB cluster company.

A commercial legal entity seeking to enjoy the benefits provided for the SMB cluster is required to obtain an SMB cluster company certificate. For this purpose, a commercial legal entity are encouraged to apply to the Small and Medium Business Development Agency (KOBİA) in writing (Address: block 1969, 38C Ziya Bunyadov, Baku) or electronically (info@smb.gov.az).

In order to apply for an SMB cluster company certificate, a commercial legal entity is required to submit these following documents to the Agency: an application, as well as a list of at least 10 micro, small or medium business entities seeking to be a stakeholder of the SMB cluster and their applications for participation in the operations of the SMB cluster, a functional map of the SMB cluster, an original of the adopted decision on amending to the charter of the legal entity, and a copy of the project on making relevant changes to the charter. The application and other documents can be downloaded from the link: https://smb.gov.az/az/nav/kob-klaster

SMB cluster is a set of SMB cluster companies and SMB cluster members that are formed based on their placement in the same or similar economic sectors, within a specific geographical area, sharing labour force, a single market and services; They are linked by establishing mutually beneficial business relations, complementing one another, and cooperating.