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

Attention to Entrepreneurs Initiating Clustering Initiatives! 16.04.25

Entrepreneurs engaged in clustering initiatives are eligible to benefit from a range of tax incentives, as well as various support and services provided by the Small and Medium Business Development Agency (KOBIA). Specifically, entrepreneurs who obtain the “SMB Cluster Company Certificate” issued by KOBIA will be granted the following exemptions for a period of 7 years:

-Full exemption from profit or income tax;

-Full exemption from land and property taxes;

-Full exemption from VAT on machinery, technological equipment, and installations imported within the framework of the project, based on appropriate supporting documentation;

-Moreover, the goods delivered by entrepreneurs participating in the SMB cluster to the SMB cluster company are also fully exempt from profit or income tax.

In addition, KOBIA offers support for clustering in the following areas:

-Provision of information and consultancy services;

-Development of a functional map of the SMB cluster;

-Preparation of the financial and economic rationale for the establishment of the SMB cluster;

-Assistance in identifying participants for the SMB cluster.

Entrepreneurs may apply for the aforementioned support related to clustering by contacting SMBDA via email (info@smb.gov.az) or by submitting a request directly through the official website: https://smb.gov.az/az/contact-form/aze-citizen.

It should be noted that an SMB cluster is a collective structure comprising an SMB cluster company and participating entrepreneurs operating in the same or similar economic sectors, located within a defined geographic area, sharing workforce, a common market, and services, and engaging in mutual economic relations. These entities collaborate, complement one another, and function as a unified system. Information regarding state support for the establishment of SMB clusters, including incentives and required documentation for obtaining the SMB Cluster Company Certificate, can be found on the SMBDA website (https://smb.gov.az/az/nav/kob-klaster) or by calling the 131 Call Center.