SMB

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

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“Startup” Certificates Issued to 8 More SMB Entities 11.02.26

The number of micro and small entrepreneurs exempt from profit or income tax on innovation activities has reached 255.

An additional 9 applications from SMB entities have been submitted to the Small and Medium Business Development Agency (KOBIA) to obtain a “Startup” certificate. The applications were reviewed at a meeting of the Expert Council, and a decision was made to grant a “Startup” certificate to 8 of them.

“Startup” certificates were granted for the following projects:

Rashad Ibrahimli – a video game in the entertainment genre (Steam PC platform);

Sarkhan Abbaszada – production of video games under the “85 Games Studio” brand;

Ilkin Suleymanov – “Inframed Life,” an online management system for clinics;

Yahya Ismayilov – “Jupiter,” a co-op adventure video game;

Hasan Hasanov – “Meetra,” an online meeting room management platform;

Ilkin Aliyev – “Special Meat,” a computer game combining simulation and management genres;

“Proveb” LLC – “Qrgate,” a QR code-based attendance tracking and access control platform;

“Profmart” LLC – “Profmart,” an online service platform for professionals.

The issued “Startup” certificates exempt SMB entities from profit or income tax on revenues generated from the relevant innovative projects for a period of 3 years.

To date, KOBIA has issued “Startup” certificates to 255 micro and small entrepreneurs.

Micro and small business entities whose projects are at the development stage may apply to KOBIA for a “Startup” certificate. The application form, required documents, and detailed information on the relevant criteria are available at the following link: https://smb.gov.az/az/nav/startap-sehadetnamesi