SMB

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

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

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