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

What criteria are used for issuing a "startup" certificate? - AWARENESS 22.04.24

Micro and small entrepreneurs were awarded with the certificate “Startup” based on the “Criteria for the determination of Startup” approved by Resolution of the Cabinet of Ministers on January 29, 2021.

The main requirements for issuing the certificate “startup” are as follows:

- manufacturing product or service in order to gain income or profit.

- relying on an innovative initiative;

- creating additional value through the reorganization of existing production or service processes in a new form;

- formation of additional value through the application of new technology;

- being competitive;

- forecasting an increase in demand for the product or service created in the short term in a substantiated manner;

- not duplicating other startup products or services.

It's crucial to emphasize that the startup certificate grants SMBs a three-year exemption from income tax and revenue tax on income derived from innovative activities, commencing from the date of certificate issuance.