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

Entrepreneurs’ applications for “Startup” certificate have been considered 22.06.21

On June 21, the Expert Council established to consider applications for a “Startup” certificate held its regular meeting. The meeting reviewed applications received by the Small and Medium Business Development Agency (SMBDA) from businesses to obtain a “Startup” certificate on innovative solutions in the field of "smart devices" in the agricultural sector, banking and finance, e-commerce, and logistics.

The “Startup” certificate exempts SMBs from income tax and tax on income from innovation activity for 3 years from the date of receiving the certificate. This allows a startup to channel income for the development of startup projects and growth. The “Startup” certificate also increases the interest of local and foreign investors in the startup and facilitates access to overseas markets.

Note that business entities may apply a “Startup” certificate to SMBDA in writing or electronically. Based upon the applications for a “Startup” certificate, received by the Agency, meetings of the Expert Council consisting of representatives of various government agencies and independent experts are held monthly. The SMBDA also provides free consulting services to entrepreneurs on the “Startup” certificate obtaining procedures, as well as the preparation of appropriate documents.