SMB

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

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 Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay

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.