SMB

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

The implementation of Aghdash district’s business opportunities was discussed with the participation of entrepreneurs Woman entreprenuers strengthening their role in economy with the state support SME Bazaar fair began its activity The results of the startup competition "From us to business" have been announced Rwandan delegation got acquainted with activities of the "Baku SMB House" "Investment journey" event took place in Masalli 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

The number of entities awarded with the "Startup" certificate has reached 151 06.06.24

Six more SMBs, specializing in developing mobile applications and online platforms for the service industry, have been granted exemptions from corporate income tax or personal income tax.

Additional 6 micro and small businesses were awarded with the "Startup" certificate by Small and Medium Business Development Agency (KOBİA). Therefore, the total number of entities receiving the "Startup" certificate has reached 151.

The "Startup" certificates were presented for the following innovations: the mobile application by "Money-Tunnel" LLC, connecting clients with financial institutions; Rufat Gulyamli's interactive video training and communication platform; "Yax" LLC mobile application for taxi booking; the artificial intelligence developed by "JI Studio" LLC based on a web page design and development platform; Niyaz Ismayilov's award-winning interactive online competition platform; and the intellectual search platform by "Ainuverse" LLC for video content projects.

The "Startup" certificate exempts SMBs from corporate income tax or personal income tax on income generated from innovative activities for a period of 3 years from the date of certificate issuance. Micro and small business entities with projects in the developmental stage can apply to KOBİA to obtain the "Startup" certificate.

The application form, along with other necessary documents, and detailed information on the relevant criteria, can be found at the following link:https://smb.gov.az/az/nav/startap-sehadetnamesi