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

"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