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

4 more business entities were issued "Startup" certificates 14.09.21

The Small and Medium Business Development Agency (SMBDA) issued “Startup” certificates to 4 more business entities. These are the “VATT” LLC’s “Powerbank rental” project for renting phone chargers through a mobile application, “ALT SERVICE” LLC’s “Smart network device” for uninterrupted power supply, individual entrepreneur Tabriz Zeynalov’s “www.cagir.az” online platform for purchase and sale of household services, and the “TECHFIN” LLC’s project of the cloud-based online accounting program “www.hesabat.az”.

Micro and small businesses that have been issued a “Startup” certificate are exempt from income tax and tax on income from innovation activity for 3 years from the document receipt date. In this regard, entrepreneurs are advised to obtain a “Startup” certificate for already profitable projects that are at the stage of active growth.

It should be noted that at the moment, SMBDA has issued “Startup” certificates to 14 micro and small businesses.

To obtain a “Startup” certificate, micro and small entrepreneurs may apply to SMBDA. For more information on the application form, required documents, and the relevant criteria for obtaining a “Startup” certificate: https://smb.gov.az/en/nav/startap-sehadetnamesi