SMB

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

Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

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.