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

Khachmaz SME House provided about 50,000 services to entrepreneurs 07.02.22

On February 7, 2 years have passed since the Khachmaz SME House started operating. During the past period, "Khachmaz SME House" provided 49,931 services to entrepreneurs. Of these, 47973 (96%) are G2B services and 1958 (4%) are B2B services.

The scope of services provided to entrepreneurs by Khachmaz SME House is expanding. Thus, in January 2022, two more new G2B services were launched at the Khachmaz SME House.

At present, Khachmaz SME House provides entrepreneurs with about 150 G2B services by 10 government agencies and about 100 necessary B2B services by 6 private companies. Entrepreneurs can apply to Khachmaz SME House for business registration, tax issues, business licenses and certificates of origin, extracts from the state register of property, subsidies in the agricultural sector, permits for outdoor advertising, food safety certificates, utilities, banking, etc. services which are needed for business activities.

Entrepreneurs from Khachmaz, Guba and Gusar dominate among the regions that use the services of Khachmaz SME House the most.

It should be noted that SME houses are a structural unit of the Small and Medium Business Development Agency (SMBDA). Currently, there are two SME houses in Khachmaz and Yevlakh. The main advantage of SME houses is that entrepreneurs receive business services in a single space, thus saving time and operating costs, and the level of service provided to entrepreneurs is measurable. SME houses also stimulate the development of small and medium-sized businesses in the region where they operate, the emergence of new SME entities, and support the fuller realization of the economic potential of the region.