SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

Training events are being conducted within the framework of the Business Partnership Programme 35 "Startup" Certificates have been issued during the elapsed period of the current year For the attention of entrepreneurs operating in the Gabala and Ismayilli Districts! Interest in SME Houses as an innovative model in the field of business services is increasing Additional 55 people were engaged in training within the framework of the “Karabakh SME 2026” project More than 312,000 services were provided to entrepreneurs in SME Houses in the first half of 2026 Applications of entrepreneurs were considered at KOBİA In the first half of 2026, the KOBİA Call Centre via number 131 responded to approximately 5,000 enquiries The next meeting within the framework of the "Investment Journey" project was held in the city of Aghsu Business projects that have received the "Startup" Certificate are developing

SME Cluster Company Established to Contribute to the Green Economy 10.10.25

The enterprise will produce environmentally friendly lubricating oils.

The second SME Cluster Company in the country - “Naturaoil SME Cluster Company” LLC - has been established. A meeting was held at the Baku SME House between the management of the Small and Medium Business Development Agency (KOBIA) and “Naturaoil SME Cluster Company” LLC, during which the company was officially awarded the SME Cluster Certificate.

Located in Sumgayit, the SME Cluster Company will manufacture hydrorefined lubricating oils for use in automobiles, trucks, railway transport, and ships. Built on a 0.7-hectare plot of land, the plant will primarily use local raw materials - including recycled lubricating oils - to produce environmentally friendly lubricants that meet modern industrial and environmental standards.

According to the project framework, the entrepreneur is expected to make an initial investment of 3 million AZN, with a total investment of 5.8 million AZN. In the initial phase, about 30 jobs are expected to be created.

Ten micro and small business owners are now involved in the SME Cluster Company, and applications for cluster membership are being accepted from business owners in Sumgayit and surrounding areas.

KOBIA has assisted with the selection of cluster participants, the compilation of required documentation, and other tasks necessary for the company’s launch.

It should be noted that SME Cluster Companies and their members are eligible for several tax benefits under the Tax Code of the Republic of Azerbaijan. In this regard, an SME Cluster Company is exempt from profit tax, land and property taxes on land used for cluster operations, and VAT on imports of machinery, technological equipment, and installations used for production or processing - for seven years following the date of registration in the official register, provided that supporting documentation is submitted. For the same seven-year period, an SME cluster member will also be exempt from profit or income tax on the portion of profit or income allocated to capital expenditures related to goods delivered to the SME Cluster Company under a contract signed with the cluster company.