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

5 more micro entrepreneurs awarded the Startup certificate 30.12.23

The Small and Medium Business Development Agency (KOBİA) awarded the Startup certificate to 5 more SMBs. Thus, the number of SMBs with Startup certificate reached 123.

Startup certificates were awarded to the following projects: Digital infrastructure security testing service of "Qarabug" LLC, online intermediary service for admission to universities of "UNINTURKEY" LLC, production of cotton loaders equipped with innovative reducers of "Metprof" LLC, platform and mobile application that optimizes the feeding process of "Alfa Hospitality" LLC, and online trading platform (marketplace) of "Trendbazar" LLC.

The Startup certificate exempts SMBs from profit and income tax on their income on innovation activities for a period of 3 years from the date of receipt of the certificate.

Micro and small business entities whose projects are still being developed are encouraged to apply to KOBİA for a Startup certificate. For the application form and other necessary documents, as well as detailed information on the relevant criteria, please visit the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi