SMB

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

The 3rd meeting of the Ukraine-Azerbaijan Business Council was held Azerbaijan-Saudi Arabia Joint Business Council held its 5th meeting Azerbaijan will host the first Halal Business and Tourism Forum A program for the digitalization of small and medium-sized enterprises (SMEs) has been launched in Azerbaijan Attention to SMBs seeking to promote their products and services at the Restoration, Reconstruction and Development of Karabakh Exhibition! Blood Donation Campaign KOBIA representatives visited the USA KOB Houses – A Place Where Efficiency, Transparency, and Convenience Meet - REPORT A presentation on the concept of a single digital platform for ESG was held Growing interest of Entrepreneurs' and hike of Applications towards SMB Houses

16 KOB entities were awarded with "Startup" certificates in the first quarter of this year 22.04.24

Projects obtained the "Startup" certificate encompass the development of online platforms, mobile applications, and the manufacturing various devices, all integrating innovative solutions across sectors like education, public catering, food services, ICT, and industry.

In January-March 2024, 26 micro and small entrepreneurs appealed to the Small and Medium Business Development Agency (KOBİA) for the "Startup" certificate. Based on the "Criteria for the determination of Startup" approved by the Resolution of Cabinet of Ministers on January 29, 2021, the Council of Experts made decision to award 16 micro and small entrepreneurs with "startup" certificates.

11 are legal entities, while 5 are individuals out of the economic entities awarded with certificates.

Among them, 15 are micro-enterprises, and 1 is a small business entity.

The projects obtained the "Startup" certificates encompass the development of online platforms, mobile applications, and the manufacturing various devices, all integrating innovative solutions across sectors like education, public catering, food services, ICT, and industry.

Overall, 139 micro and small business entities were awarded with "startup" certificates up to date.

The "startup" certificate exempts SMBs from corporate profit tax and personal income tax on income derived from innovative activities for a period of 3 years.

Small and medium-sized enterprises shall apply to KOBİA to obtain this certificate. For more detailed information, please visit the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi.