Eternity Law International — News — Company registration in Armenia

Company registration in Armenia

Published:
December 22, 2020

Armenia, as a constantly developing country with a growing GDP, attracts many foreign investors. Among the advantages of this jurisdiction, one can also highlight the presence of zones in which there are significant tax benefits and there are no obligations to attract residents to the LLC.

Tax system

Medium and large firms pay value added tax duties using the standard rate of 20%. The corporate fee is also 20%. If an enterprise registered on the territory of Armenia plans to work in the trade sphere, run a restaurant or auto salon business of a small scale, or engage in dental activities, a fixed amount or a patent-type tax will be charged from it monthly.

In addition, businesses incorporated in this jurisdiction are required to pay income tax on salaries of employees based on the following:

  • the amount does not exceed 150,000 AMD per month – 23 percent;
  • 150,000-2 million AMD – 28 percent;
  • 2+ million AMD – 36%.

Social tax is about 5-10%. The indicator depends on the amount of profit received.

In addition to the above, the company may be required to pay other fees associated with a particular area of ​​activity, which implies the presence of a licensed permit (tax collection from vehicles, etc.). Non-resident investors planning to participate in already active startups related to the IT sector, or wishing to create a new structure, should definitely study all the innovations adopted by local regulatory authorities.

From 2019 Armenia introduces a new obligation for IT development companies: such firms do not pay corporate duties. In order to receive an exemption from this type of tax, you need to obtain a special certificate that allows you to launch and develop various information technologies. Thus, the rate will drop to 10%.

Legislation

The Government of Armenia has taken all appropriate measures to create a positive and fruitful environment for the development of business projects. This, in turn, also attracts foreign capital owners. Foreign founders do not need to cooperate with residents in order to contribute to the creation of a commercial structure in the country.

In accordance with the legal framework of the jurisdiction, the personal presence of all founders during the submission of documents to state institutions is also not required.

If you need to register a company in Armenia, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Armenia. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You can order Company registration in Armenia now!

Order now

Businesses for sale

Ready-made company in Armenia with bank account for sale

Europe, Armenia
Registered in 2017 Activity – expeditionary (can be changed – consulting/software development e.g.) Bank account in AmeriaBank Currencies: USD, RUB, AMD ✅ Quick change of ownership procedure ✅ Local administrator services ✅ No debts/negative background Price: 1500 Euro Details: E-mail: artem.d@eternitylaw.com Telegram: @diadenko2000

You could be interested

Registration of a company in Bulgaria

Bulgaria belongs to the rapidly developing Eastern European states – not only in the cultural, but in the political and economic sense of these words. It is especially interesting in terms of building and expanding personal entrepreneurial activities. To date, special services for registering an organization in the Bulgarian state are considered to be among...

Corporate services in UK

With the onset of the covid restrictions, it seemed to many that most businesses and the world economy would be destroyed. Yes, this pandemic significantly affected many corporations. However, U.K. Corporate Services continue to grow by leaps and bounds. The United Kingdom is considered quite a promising and developed market. Unlike other countries, it has...

Caribbean Low-Tax Gem: Saint Lucia

The Caribbean is famous for its breathtaking landscapes, crystal-clear waters, and vibrant cultures. However, for entrepreneurs and businesses, it’s also a region known for its attractive low-tax jurisdictions. Among the many islands, Saint Lucia stands out as a growing business hub that offers numerous advantages for companies seeking favorable tax environments. In this article, we’ll...

Company registration in Canada

The Canadian jurisdiction is attractive to foreign investors in that it has created the most flexible conditions for registering companies and has not introduced prohibitions on cooperation with representatives of other countries. Today, a particularly popular commercial area in Canada is the online business. The country is completely open for creating and selling Internet startups,...

Singapore Authorised Crypto Companies

From a societal perspective, the crypto currency and blockchain sector has experienced a clear development. Initially, it was simply a new idea, but it quickly became a fundamental aspect of contemporary life. Today, these new technologies have transformed into alternative payment methods, non-centralized options that challenge traditional fiscal institutions, and even tools for marketing. There...

Company registration in Thailand

Thailand’s legal framework is geared towards supporting domestic business, which is why government agencies are reluctant to provide foreign investors with the ability to hold and freely manage assets. A non-resident owner can own the capital in its entirety only if he receives an appropriate license. The government agency issues such permits only to those...

Related posts

Ready-made company in Armenia

Armenia is a country located in the south of the Caucasus and does not belong to offshore zones. This jurisdiction is attractive for investors with comprehensive support for start-ups, simple registration of activities and loyal conditions of the commercial environment. Armenia is a link between Europe, the Eurasian Economic Union, Iran, as well as Canada,...

Opening a bank account in Armenia 2023

Different banking institutions having local or external origin operate in Armenia. The jurisdiction has created a favorable environment for the development and support of the banking sector as a whole. In particular, the state apparatus takes the strictest measures to protect the interests of monetary means holders. Opening a bank account in Armenia is possible...

Company registration in Armenia in 2023

Attractiveness and commercial value of this jurisdiction is due to the rapid growth of its economy, the high level of security of operations and data protection, and openness to new enterprises. Company registration in Armenia in 2023 requires mandatory compliance with all rules and laws, in return giving the opportunity to take advantage of tax...

Registration of a company in Poland

Poland has been a favorable market for foreign businesspersons who appreciate the country’s openness, geographic location, and well-educated and highly skilled employment market.  Accordingly, company registration in Poland is an excellent option to discover many commercial opportunities and take advantage of both low labor costs and attractive corporate taxation rates. Below is a brief overview of the...

LTD company registration in the UK

Today, registering a company in the UK is the most suitable choice for working with international partners. Among the main benefits of the jurisdictions are following: Britain is not an offshore, so it is not included in the blacklist of other states; this country has a trustworthy reputation, which positively affects the image of the...

Registration of IT company

SELECTION OF JURISDICTION AND REGISTRATION OF IT COMPANY Registration of IT company initially begins with a choice of jurisdiction. It has long been known that the development of private enterprise is a complex process that requires perseverance, financial investment, professional knowledge and technical skills. One of the main obstacles that creates difficulties for the entrepreneur...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: