SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

Another 10 SME entities will benefit from a tax exemption Domestic market research in 10 areas will be conducted on the initiative of KOBİA For the attention of entrepreneurs operating in Astara and Lankaran cities! Another 10 SME entities have been issued "Startup" Certificates Legal form for entrepreneurial activity A regular meeting with entrepreneurs was organized in Kurdamir District For which services entrepreneurs applied to SME Houses Next reception of citizens held at KOBİA What events will be organized for entrepreneurs in August? “Ganja SME House” provided entrepreneurs with more than 2,000 kinds of services during the first three months of activity

Concessional loans up to 10,000 manats are now easier to get 05.09.22

The innovation's introduction has begun with regard to business owners who require loans with favorable terms of up to 10,000 manats. This information was presented at a meeting that the Entrepreneurship Development Fund, the Small and Medium Business Development Agency (KOBİA), and the Azerbaijan Banks Association jointly hosted. It was stated that entrepreneurs' failure to present documentation on the location or property where they will operate on investment projects is the major obstacle to receiving concessional loans of up to 10,000 manats. To get around this issue, a "Notification form" has been created that will take the place of that documentation for business owners who need up to 10,000 manats in credit but are unable to provide proof of their location. According to the entrepreneur's request, this form will be completed by KOBİA's local staff (SME Friend), and the entrepreneur will then submit it to the designated lending institution. SME Friend will check the entrepreneur's place of business and add details on the material and technical supply of the indicated place or property to the "Notification form," which will then be accepted as documentation of the entrepreneur's place of business.

The meeting's participants' questions were addressed at the conclusion.