SMB

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

“Investment Journey” Event Held in Shirvan This Time How can an entrepreneur grow his business: What is the state doing for this? – ANALYSIS Next Training Session for Export-Oriented Entrepreneurs Focuses on Working with Partners ANNOUNCEMENT At Baku Energy Week, KOBIA Promotes the Transition of SMEs to a Green Economy and the Baku Climate Declaration Meeting Held Under the Theme: “Human Development in Focus – MeetUp” Three More SMEs Awarded “Startup” Certificates Public discussion is organized due to green transport business Opportunities for entrepreneurial activities in regions : SME Friends, SME Development Agencies The Promotional Exhibition of Local Companies is Commencing

What criteria are used for issuing a "startup" certificate? - AWARENESS 22.04.24

Micro and small entrepreneurs were awarded with the certificate “Startup” based on the “Criteria for the determination of Startup” approved by Resolution of the Cabinet of Ministers on January 29, 2021.

The main requirements for issuing the certificate “startup” are as follows:

- manufacturing product or service in order to gain income or profit.

- relying on an innovative initiative;

- creating additional value through the reorganization of existing production or service processes in a new form;

- formation of additional value through the application of new technology;

- being competitive;

- forecasting an increase in demand for the product or service created in the short term in a substantiated manner;

- not duplicating other startup products or services.

It's crucial to emphasize that the startup certificate grants SMBs a three-year exemption from income tax and revenue tax on income derived from innovative activities, commencing from the date of certificate issuance.