SMB

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

Attention to SMEs Interested in Collaborating with Oil and Gas Companies! An event dedicated to the 102nd anniversary of the birth of Heydar Aliyev was held at KOBIA Entrepreneurs’ Questions Regarding the 7th Grant Competition Addressed A Meeting Was Held with Female Inmates at Penitentiary Institution No. 4 of the Penitentiary Service A Memorandum of Understanding Signed Between KOBIA and the Belarusian Universal Commodity Exchange JSC The Path to Entrepreneurship – Take Your First Step into Business with the Self-Employment Program Attention to the SMBs with questions regarding the 7th Grant Competition Support from entrepreneurs to football clubs within the framework of Corporate Social Responsibility The 6th Meeting of the Azerbaijan–Saudi Arabia Joint Business Council Held in Riyadh Conference on "Constitution and Sovereignty – The Development of Entrepreneurship in Azerbaijan" Held

What are the eligibility criteria to classify entrepreneurs as micro, small, medium, or large? 17.07.24

According to the Decree of the Council of Ministers of the Republic of Azerbaijan dated December 21, 2018, on "New Criteria for the Classification of Micro, Small, Medium, and Large Enterprises, " entrepreneurs are classified into micro, small, medium, and large enterprises based on the average number of employees and annual income. The classification of SME is determined by the highest of these criteria. For example, if a business entity has 5 employees and an annual revenue of 250 000 manat. Here, the number of employees corresponds to a micro-enterprise, while the annual revenue corresponds to a small enterprise. In this case, the primary criterion is annual income, and the enterprise is considered a small enterprise.