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” 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