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

"Startup" certificate awarded to more 11 micro-entrepreneurs 14.09.23

The number of SMBs that awarded the "Startup" certificate reached 105.

Another 11 SMBs received the "Startup" certificate. All of the SMB entities awarded the certificate are micro entrepreneurs, 3 of them are women entrepreneurs. Majority of the projects received a certificate cover the service sector.

The Small and Medium Business Development Agency (KOBİA) awarded "Startup" certificates to projects as online marketplace for selling beauty services and products of "Think" LLC, online job announcements platform of "Hellojob" LLC, hardware-software complex for automatic management of Ramil Gadyrov's storage safes, "S2J INC" mobile application for car sharing (rental), online survey platform of "Allin.Us" LLC, electronic platform for facilitating the purchase and sale of real estate of "Martabaler" LLC, online platform for selling mobile phones of "Telsat" LLC, service performance measurement and management platform of "Hirpo" LLC, online platform of "Flash Expo" LLC for remote organization of participation in exhibitions and fairs, platform for joining fitness clubs subscriptions and minute accounts of "All Fitness" LLC and online education platform of "Metatesk" LLC.

Thus, the number of SMBs that received the "Startup" certificate reached 105.

The "Startup" certificate exempts SMB entities 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 currently being developed are encouraged to apply to KOBİA for a "Startup" certificate. The application form and other required documents, as well as detailed information about the relevant criteria, can be found at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi