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

8 more SMBs have received the "Startup" certificate 29.11.24

The number of SMBs that received the "Startup" certificate has reached 182.

Yet another meeting of the Expert Council, established within the Small and Medium Business Development Agency (KOBİA) to award the "Startup" certificate, has been held.

During the meeting, 15 applications submitted by SMBs were reviewed, and subsequently it was decided to issue "Startup" certificate to 8 of them.

SMBs and projects that have received the "Startup" certificate are as follows:

- "Navimax" LLC - GPS tracking platform;

- Individual entrepreneur Ingilab Rzayev - "Bazardan" mobile application for the sale and delivery of agricultural products;

-"Firstit" LLC - Mobile application enabling subscriptions and cashback options for purchases at coffee shops, cafes, and restaurants;

- "Oenva" LLC - An online intellectual game platform;

- "EcoRide" LLC - An online platform for organizing courier delivery services;

- "Cyber security Platform" LLC - An online platform for developing practical skills in the field of cybersecurity.

- "E-imza" LLC - An online platform for preparing, digitally signing, storing, and managing electronic documents;

- “Mopsn” LLC – Mobile application for the sale of diverse services

Consequently, the number of SMBs that have received the "Startup" certificate has reached 182. The "Startup" certificate exempts SMBs from profit and income taxes for a period of 3 years, starting from the date they receive the certificate for the income generated from their innovation activities. Micro and small business entities in the project development stage are eligible to apply to the Small and Medium Business Development Agency (KOBİA) for the "Startup" certificate.

The application form, and the required documents, as well as the detailed information about the relevant criteria can be found at the following link:

https://smb.gov.az/az/nav/startap-sehadetnamesi