SMB

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

The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" A conference was held regarding the presentation of unified platform and the national standard for ESG A national standard on Environmental, Social, and Corporate Governance (ESG) has been adopted "KOB FEST" exhibition-sale fair held in Khachmaz A business plan – the key to successful and sustainable business "From Us to Business" startup competition is underway

State support for the implementation of innovative projects of SMBs underway 22.11.23

Additional 8 SMBs were awarded the Startup certificate, exempting their innovative projects from income tax.

The number of SMBs that received the Startup certificate stands at 118. The Small and Medium Business Development Agency (KOBİA) issued a Startup certificate to 8 more SMBs, exempting them from profit and income tax for the period of 3 years on the income from their innovative projects.

Startup certificates were presented for the following projects: Production and operation of smart mailboxes of Smartpost LLC, online store (marketplace) of natural person Davud Ibrahimli, "Akhsham Bazari" mobile application of Snackpack LLC, production and sale of data logger device for telemetric and energy systems of Helind Energy LLC, community-based online shopping platform of Vvegros Azerbaijan LLC, production and sale of soil moisture retaining substance for agriculture of the natural person Malik Sultanov, e-commerce platform with financial support and collection of subscription fees (payments) of Bonpara LLC and the discount platform for students of Puzzle Tech LLC.

Micro and small business entities with projects in the development stage are encouraged to apply to KOBİA to obtain a Startup certificate. The following link provides detailed information regarding the application form and other required documents, as well as the relevant criteria:

https://bit.ly/3dETJqw