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

The number of entrepreneurs who have received the “Startup” certificate has reached 25 26.11.21

The Small and Medium Business Development Agency (SMBDA) has issued “Startup” certificates to 6 more SMBs. Thus, the number of SMBs who have received the “Startup” certificate has reached 25.

“Startup” certificates have been issued for the production and sale of automated concession stands of “Buta Vending” LLC, “www.azdo.az” platform for “Cusperco” LLC service providers, “www.payriff.com” payment aggregator for “Payriff” LLC’s online trade, software for healthcare institutions by individual entrepreneur Aliagha Aghayev, platform “www.oxuyan.az” for the arrangement of online exams of “Oxuyan” LLC, and cloud-type software for the arrangement of e-management in business entities, created by individual entrepreneur Farid Farmanov for “www.bein.az” project.

The startup certificate exempts SMBs from paying profit tax and the tax for income from innovation activities for 3 years from the date of receipt of the certificate.

The Startup certificate exempts SMBs from income tax and tax on income from innovation activity for 3 years from the certificate obtaining date.

Micro and small enterprises, projects of which are in the development stage, can apply to SMBDA for a “Startup” certificate. Detailed information on the application form and other required documents, as well as the appropriate criteria, can be found at https://smb.gov.az/en/nav/startap-sehadetnamesi