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

In the first half of this year, 16 SMEs were awarded the "Startup" certificate 19.07.22

In the first half of 2022, 46 micro and small entrepreneurs applied to the Small and Medium Business Development Agency (KOBİA) for the issuance of the "Startup" certificate. 16 micro-entrepreneurs were awarded certificates by the Council of Experts based on the "Criteria for determining a startup" approved by the decision of the Cabinet of Ministers dated January 29, 2021. The "Startup" certificates were presented for agriculture, agribusiness, mobile application, fintech, online platform, production areas containing innovative solutions, e-commerce projects.

In total, 44 micro and small business entities have been awarded the "Startup" certificate.

The "Startup" certificate exempts SME entities from profit and income tax on their revenues from innovation activities for a period of 3 years from the date of receipt of the certificate.

Micro and small business entities whose projects are in the development stage can apply to KOBİA for a "Startup" certificate. The application form and other necessary documents, as well as detailed information about the relevant criteria, can be found at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi