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

3 more SMBs Receive "Startup" Certification 09.08.24

To date, 164 SMBs have been awarded "Startup" certifications.

The Expert Council on Startup Certification at the Small and Medium Business Development Agency (KOBİA) held its latest meeting. During the meeting, 6 applications from SMBs were reviewed, and 3 of them were granted "Startup" certification.The certified companies include: "Cibpay" LLC, with its multifunctional online payment platform "Optima Business Solutions" LLC, with its online platform for electronic document management and signing "İxtisasSeç" LLC, with its platform facilitating the admission process for educational institutions.

With these additions, the number of SMBs holding "Startup" certification has reached 164.

The "Startup" certification exempts SMBs from profit or income tax on revenues derived from innovation activities for a period of 3 years from the date of receiving the certificate.

Micro and small enterprises with projects in the development stage are eligible toapply for "Startup" certification from KOBİA.To find out more about application forms, required documents, as well as detailed information about elibigility criteria, you may visit the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi