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

Online meeting held for clustering 15.03.24

The online meeting was arranged for informing entrepreneurs on incentives considered for SMB clusters.

The meeting was held for raising awareness of entrepreneurs regarding SMB clustering with the organization by the Small and Medium Business Development Agency (KOBİA).

The representatives of relevant state institutions also attended the online meeting whereupon more than 40 entrepreneurs were participating.

At the meeting the participants were informed of the definition of the SMB cluster, advantages of the cluster, tax incentives considered for the SMB cluster, SMB cluster company, rules for obtaining the SMB cluster certificate; opinions on cooperation among SMBs in the field of clustering, on establishment of cluster companies in various sectors, especially in agricultural, transport, construction, tourism etc., that are traditional and priority for our country were shared, and questions of entrepreneurs were answered.

Note that micro, small and middle entrepreneurs may BBE eligible for a number of tax incentives by creating SMB cluster. So, the SMB cluster company is exempted from profit tax for 7 years since the date of inclusion in relevant register, land and property tax for lands used in the SMB cluster activity, and VAT for the import of technological equipment and devices. SMB cluster stakeholder is exempted from profit or income tax of the part of the profit or income it gets for goods presented, which is aimed at reimbursement of its capital expenses for 7 years under the contract concluded with the SMB cluster. The commercial legal person seeking to leverage incentives considered for the SMB cluster should obtain the certificate of the SMB cluster company. For this, the commercial legal entity should apply to KOBİA in writing or online.