SMB

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

The Promotional Exhibition of Local Companies is Commencing Meeting was held with Entreprenuers engaed in import and export 8th Plenary Session of the CICA Business Council and the 10th Business Forum Held in Baku Attention to SMEs Wishing to Showcase Their Products and Services at the “2nd Turkic Trade Fair”! Young Entrepreneurs from Azerbaijan and Turkiye Discuss Prospects for Cooperation With Government Support, Nearly 10 Entrepreneurs Participate in “Caspian Agro” and “InterFood Azerbaijan” Exhibitions Another Training Held for Entrepreneurs Engaged in Export Activities Four More Entrepreneurs Exempted from Profit Tax on Innovation Activities Azerbaijan–Vietnam Business Council to Be Established Attention to SMEs Interested in Collaborating with Oil and Gas Companies!

"Startup" certificate awarded primarily to micro-entrepreneurs and projects on service 17.04.23

Vast majority of the 91 "Startup" certificates awarded to SMBs have been presented to projects in the service sector.

From January to March 2023, 10 "Startup" certificates were introduced to micro and small business entities, bringing the total number of "Startup" certificates to 91 so far. 83 of the SMB entities that received the "Startup" certificate are micro, 8 are small business entities.

Major part of the certificates were submitted to projects in the field of service, of which up to 90% are software and mobile applications.

13 of the SMBs that presented the "Startup" certificate are women.

It is worth noting that business entities that have received the "Startup" certificate are exempted from profit and income tax on their income from innovation activities for a period of 3 years from the date of receipt of the certificate. Micro and small business entities whose projects are under development will be eligible to apply to KOBİA for a "Startup" certificate. The application form and other required documents, as well as detailed information on the relevant criteria, can be found at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi