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 SMBs awarded "Startup" certificate 10.04.23

So far, more than 90 micro and small business entities have been awarded a "Startup" certificate, which exempts them from profit and income tax on the income from innovation activities for a period of 3 years.

The "Startup" certificate was granted to 5 more micro and small business entities. As a result, 91 SMBs have received the "Startup" certificate.

The Small and Medium Business Development Agency (KOBİA) awarded "Startup" certificates respectively "Blink-Bİ" LLC for “Blink Business Intelligence” Enterprise Resource Planning software, “ND Opinions” LLC for “Autoreport” secondhand car database, “Frisaga” LLC for its online platform for those who offer services in the fields of tourism and travel, “BlackOne” LLC for its product and service online platform, and “BJ Technology” LLC for its projects of production and sale of “HPLC” columns used in the laboratory.

The "Startup" certificate exempts SMB entities from profit and income tax on their income from innovation activities for a period of three years from the date of receipt of the certificate.

Micro and small business entities whose projects are being developed are encouraged to apply to KOBİA for a "Startup" certificate. The application form and other required documents, as well as detailed information about the relevant criteria, can be found at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi