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

The number of entities awarded with the "Startup" certificate has reached 151 06.06.24

Six more SMBs, specializing in developing mobile applications and online platforms for the service industry, have been granted exemptions from corporate income tax or personal income tax.

Additional 6 micro and small businesses were awarded with the "Startup" certificate by Small and Medium Business Development Agency (KOBİA). Therefore, the total number of entities receiving the "Startup" certificate has reached 151.

The "Startup" certificates were presented for the following innovations: the mobile application by "Money-Tunnel" LLC, connecting clients with financial institutions; Rufat Gulyamli's interactive video training and communication platform; "Yax" LLC mobile application for taxi booking; the artificial intelligence developed by "JI Studio" LLC based on a web page design and development platform; Niyaz Ismayilov's award-winning interactive online competition platform; and the intellectual search platform by "Ainuverse" LLC for video content projects.

The "Startup" certificate exempts SMBs from corporate income tax or personal income tax on income generated from innovative activities for a period of 3 years from the date of certificate issuance. Micro and small business entities with projects in the developmental stage can apply to KOBİA to obtain the "Startup" certificate.

The application form, along with other necessary documents, and detailed information on the relevant criteria, can be found at the following link:https://smb.gov.az/az/nav/startap-sehadetnamesi