Multifunctional Business Support Center of Armenia
Guideline for Business
Business Support Platform
Broad support for entrepreneurs in Armenia
Benefits
In the Economic Freedom Ratings for 2022, Armenia took 11th place out of 165 countries. Possessing all the necessary priorities, Armenia may act as a powerful trampoline to boost business development.
Possibilities
Foreign business owners and investors appreciate the pace of economic reforms, security, freedom and openness of Armenia. As a rule, there are no restrictions on foreign ownership of companies, real estate and other assets.
Taxes
Tax-free status is granted to micro-businesses, IT start-ups, companies operating in free economic zones, industrial zones, some border towns and villages. Investment projects are encouraged by tax incentives and government assistance programs.
Recidency
A residence permit in Armenia gives you the right to visa-free entry and unlimited stay in the country, as well as the right to engage in any legal activity, such as running a business, working, studying, or simply retiring.
IT Certificate
IT Certificate can be obtained by commercial companies or individual entrepreneurs registered in the Republic of Armenia, which carry out activities in the field of IT.
Accounting
Setting up accounting software in accordance with IFRS and annual accounting and financial reporting.
Banks & Accounts
Requirements for opening a bank account may vary from bank to bank. Besides the standart requirements, other relevant information may be requested by the banks.
Registration of the Company
Registration of a company, individual entrepreneur or organization in Armenia is a very fast and simple procedure. Armenia is on one of the first places in terms of the number of opening companies in the world per capita.
Best of
Doing Business in Armenia
International rankings and potential of the Armenian market.
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