Company Registration in Armenia

Company Registration in Armenia online with EU LAW FIRM will enable you to register a company in Armenia without local presence requirements. 

Armenian companies are great in case you would like to benefit from the low tax rates and also enter the regional trade within the region.

Armenia is well known currently for it’s swiftly developing economy, great infrastructure for start-up companies and great possibilities for new business development.

Each business will find their place in Armenia to prosper.

Об Армении:

Республика Армения входит в состав Кавказского региона и расположена в Армянском нагорье Западной Азии.

В стране действует гибкий режим формирования компаний и разработаны различные налоговые программы, адаптированные к любому виду бизнеса.

Company in Armenia is a perfect solution for foreign individuals and businesses seeking to do international business, with low tax rates and flexibility.

Capital city: Yerevan

Population: 2,956,900

Local currency: Dram (AMD)

Official language: Armenian

Business language: Armenian, English, Russian

Description of Armenian Limited Liability Company:

• Ответственность ограничивается только акциями.
• No paid-up share capital requirements;
• Small businesses with annual sales of less than approx. $240,000 can choose to be taxed on their sales (not profits) at lower rates (5% for services, around 2% for trading, etc.). This tax (“turnover tax”) replaces both the CIT and the VAT;
• Микробизнес (микропредприятие) с годовым объемом продаж менее около 50 000$, как правило, освобождается от налогов;
• Новые компании, работающие в сфере ИТ, могут быть освобождены от корпоративного налога (в настоящее время до 31 декабря 2022 года, если это не будет продлено законом);
• Нет минимального капитала;
• Нет ограничений на иностранных владельцев/директоров компании;
• Регистрация компании в Армении очень быстрая, регистрация в тот же день или в следующий рабочий день, а также может быть сделана электронно с доверенностью.
• Path to residency and, eventually, Armenian citizenship;
• Strict bank privacy laws.

Why start business in Armenia?

• Tax rules

Armenia offers 20 % flat corporation tax rate on a global tax base. It applies to both local businesses and international corporations’ branches or subsidiaries. There is also a turnover tax, which is 1% on commerce, 3.5 percent on manufacturing, and 5% on all other operations. You have the option of choosing between turnover tax and profit tax plus VAT. 

• Business environment

Armenia offers great business environment for international companies. Armenia has a vast market to operate with because to its extensive network of Double Tax Treaties with more than 40 countries and Free Trade Agreements. There are no prerequisites for local company directors or staff, nor are there any bank affiliations. There is no nationality limit and there is no requirement for a local shareholder. 

• Fast and simple company registration

It is common for a corporation to be registered in less than a single working day. The cost of registration is minimal. Starting a business does not require any minimum capital. Throughout the year, there are just a few reporting needs. 

Tax system in Armenia

1. Corporate tax in Armenia: of 20% applies to Armenian-resident entities as well as non-resident entities doing business in Armenia through a PE. Residents are taxed on their global income in Armenia, whereas non-residents are solely taxed on their Armenian-sourced income.
2. VAT in Armenia: on domestic sales of goods and services, as well as imports of goods VAT is 20%. Exported products and similar services are not taxed. If a non-resident place of business is outside Armenia, advertising, consulting, marketing, design, engineering, legal, accounting, audit, data processing, and other relevant services provided to non-residents are zero-rated. VAT is not charged on a variety of goods and services, including most financial and educational services. Armenia’s current VAT legislation is based on the principles of the VAT Directive of the European Union (EU).

DOCUMENTS REQUIRED FOR COMPANY REGISTRATION IN ARMENIA:

Для физической персоны:

• Нотариально заверенные и со штампом апостиль копия паспорта;
• Нотариально заверенная доверенность со штампом апостиль;

Если акционер юридическая персона:

• Нотариально заверенная и со штампом апостиль выписка из компании (видимые директора, акционеры, бенефициарные владельцы).
• Нотариально заверенная доверенность со штампом апостиль;

DOCUMENTS REQUIRED FOR COMPANY BANK ACCOUNT FOR COMPANY IN ARMENIA:

• Паспортная копия всех директоров и акционеров.
• Utility bill not older than 3 months.
• Резюме руководства компании.
• Бизнес план.

Банки могут запрашивать дополнительную документацию в зависимости от ситуации.

Внимание: Все документы на иностранном языке должны быть переведены на английский язык и заверены квалифицированным переводчиком.

Looking for company registration in Armenia?

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