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

Entrepreneurs have been informed on the use of electronic state registration 24.09.21

On September 24, a seminar on the topic “Advantages of reforms in the field of electronic state registration of commercial legal entities” was held, jointly arranged by the State Tax Service under the Ministry of Economy and the Small and Medium Business Development Agency (SMBDA) for those wishing to open their own business, startups, and micro and small entrepreneurs.

At the event, the head of subdivision of the Main state registration department of the State Tax Service Leyla Huseynzada provided detailed information on reforms in the electronic state registration of limited liability companies with local investments and new electronic registration opportunities and demonstrated the procedure for using the electronic registration system. It was noted that the reforms in the electronic state registration of legal entities are aimed at simplifying the procedure for starting a business, saving time, ensuring transparency, minimizing communication between an official and an entrepreneur, and improving citizens' satisfaction. With electronic registration, registration documents are posted online in the taxpayer's electronic account without the need to provide their hard copies. The integration of registration documents posted in the electronic cabinet into the appropriate information systems of all government bodies, banks, notaries, and other agencies has also been ensured.

At the online seminar, a video was demonstrated on electronic state registration of commercial legal entities with local investments, and participants' questions about business registration and electronic registration procedures were answered.

Note that SMBDA and the State Tax Service regularly hold educational events, including training and seminars, for micro and small entrepreneurs, startups, and those wishing to start their own businesses.