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

Another 5 micro entrepreneurs exempted from profit and income tax 13.03.24

135 SMB subjects have been awarded with a “Startup” Certificate up to now.

The “Startup” Certificate has been granted to extra 5 SMB entities by the Small and Medium Business Development Agency (KOBİA).

The “Startup” certificates have been issued for the projects that include a hotel and car reservation platform of “Vvonder Voyage” LLC, an online platform and a mobile app of “Kidfi” LLC, which are aimed at increasing the financial awareness and calculation skills, a production of an ultrasonic therapeutic weight-loss device of “CM Elec Troniq” LLC, an online platform of “4Youkid” LLC for psychological services, and a production of a measurement device offered by an individual entrepreneur, Ramil Gadirov, for recording the environmental parameters.

This “Startup” Certificate exemptes the SMB entities from profit and income tax imposed for the revenues they earn from innovations from the date of issuance of the certificate.

The micro and small entrepreneurial entities whose projects are in the stage of development may apply to KOBİA for “Startup” certificates. You can find the application form and other required documents, as well as detailed information on relevant criterion at: https://smb.gov.az/az/nav/startap-sehadetnamesi

Note that only in 2023 42 SMB entities have been awarded with “Startup” certificates. 39 of them are micro and 3 are small entrepreneurial entities. The projects obtaining this document include innovative solutions on production and service areas. Up to now, the “Startup” Certificate have been given to 135 SMB entities.