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

13 SMBs awarded the "Startup" certificate in the first half of 2023 03.08.23

Projects that have awarded the "Startup" certificate contain mobile applications and online services including innovative solutions in fintech, education, healthcare, tourism, business digitalization, and e-commerce.

In January-June 2023, 47 micro and small entrepreneurs turned to the Small and Medium Business Development Agency (KOBİA) for a "Startup" certificate. Based on the "Startup Identification Criteria" approved by the Cabinet of Ministers' Decision dated January 29, 2021, the Expert Council issued certificates to 13 SMBs, 12 of which are micro and 1 is a small entrepreneur. Projects that have received the "Startup" certificate include mobile applications and online services as well as innovative solutions in fintech, education, healthcare, tourism, business digitalization, and e-commerce.

Overall, 94 micro and small business entities have been awarded the "Startup" certificate.

The "Startup" certificate exempts SMBs from profit and income tax on their income from innovation activities for a period of three years from the date of receipt of the certificate.

Micro and small business entities whose projects are being developed are encouraged to apply to KOBİA for a "Startup" certificate. For application form and other required documents, as well as detailed information on the relevant criteria, please visit the following link: https://bit.ly/3KqQwuV