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

State support for the implementation of innovative projects of SMBs underway 22.11.23

Additional 8 SMBs were awarded the Startup certificate, exempting their innovative projects from income tax.

The number of SMBs that received the Startup certificate stands at 118. The Small and Medium Business Development Agency (KOBİA) issued a Startup certificate to 8 more SMBs, exempting them from profit and income tax for the period of 3 years on the income from their innovative projects.

Startup certificates were presented for the following projects: Production and operation of smart mailboxes of Smartpost LLC, online store (marketplace) of natural person Davud Ibrahimli, "Akhsham Bazari" mobile application of Snackpack LLC, production and sale of data logger device for telemetric and energy systems of Helind Energy LLC, community-based online shopping platform of Vvegros Azerbaijan LLC, production and sale of soil moisture retaining substance for agriculture of the natural person Malik Sultanov, e-commerce platform with financial support and collection of subscription fees (payments) of Bonpara LLC and the discount platform for students of Puzzle Tech LLC.

Micro and small business entities with projects in the development stage are encouraged to apply to KOBİA to obtain a Startup certificate. The following link provides detailed information regarding the application form and other required documents, as well as the relevant criteria:

https://bit.ly/3dETJqw