SMB

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

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 Meetings with entrepreneurs were held in Jalilabad and Goychay This year, entrepreneurs and individuals seeking to start business for the development of 220 business plans were supported A meeting with entrepreneurs was held in Quba "SMB FEST" exhibition-sale fair is underway in Khachmaz What should green business be like?

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.