SMB

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

Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

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.