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

"Startup" certificate awarded primarily to micro-entrepreneurs and projects on service 17.04.23

Vast majority of the 91 "Startup" certificates awarded to SMBs have been presented to projects in the service sector.

From January to March 2023, 10 "Startup" certificates were introduced to micro and small business entities, bringing the total number of "Startup" certificates to 91 so far. 83 of the SMB entities that received the "Startup" certificate are micro, 8 are small business entities.

Major part of the certificates were submitted to projects in the field of service, of which up to 90% are software and mobile applications.

13 of the SMBs that presented the "Startup" certificate are women.

It is worth noting that business entities that have received the "Startup" certificate are exempted from profit and income tax on their income 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 under development will be eligible to apply to KOBİA for a "Startup" certificate. The application form and other required documents, as well as detailed information on the relevant criteria, can be found at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi