Eternity Law International News Company registration in Armenia in 2023

Company registration in Armenia in 2023

Published:
November 7, 2022

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 incentives and other useful programs developed by the government of the country to attract foreign investors. The local community also favors those entrepreneurs who do not know the local language, or who want to establish organization outside jurisdiction.

Armenian company registration: why is it worth launching a commercial project there?

  1. Register Company in Armenia is fairly quick and easy. This process can be fully completed in just one day if you are in the territory of Armenia and use the forms provided on registration spot. If enterprise is registered remotely and the documents are to be delivered by mail, the procedure lasts 1-3 days. You can also open a bank account in 1 day. For this, directors and shareholders passports are needed.
  2. Reasonable cost of registration and further maintenance. There are no requirements for start-up capital, as well as state duties. Firms that are in a non-operational state and do not actually carry out transactions in the actual mode should not pay taxes. You can act without an office and local workers.
  3. There are no restrictions on foreign ownership. Foreign citizens can fully own the company, without Armenian partners or agents. There is no obligation to reside in Armenia or hold citizenship.
  4. The owner of a company in Armenia and his family can become residents of the country. And after 3 years of residence in the territory of the state, and citizens.
  5. Minimum tax rates. Micro-companies, IT start-ups and some other firms have a 0% tax. Other small companies whose income is less than 240 thousand dollars a year pay sales tax from 1.5% to 5%. No commission on gifts, personal capital, insurance, pensions, etc.
  6. Privacy and excellent reputation. You can work confidentially if you choose the right firm structure or use the services of specialists. Bank secrecy in this country is not disclosed, it is legally punishable. In addition, Armenia has an exceptionally clean reputation and an excellent image.
  7. Economic growth and rapid global integration. The jurisdiction’s GDP is constantly growing. The country is included in the EAEU, the WTO and has trade agreements in the CIS. Armenia also enjoys preferential status (GSP) with Canada, Japan, Norway and Switzerland.
  8. Excellent investment environment. Registering a company in Armenia is profitable, because the country guarantees the free repatriation of invested money and profits. Foreign citizens can be land owners. Investment projects enjoy tax incentives and various government assistance programs. There are a lot of agreements here to avoid double taxation and to protect investments.

Registration of companies in Armenia

A firm is an officially-certified structure with a separate identity from those who own or manage it. Setting up a company in Armenia takes place by collecting all the required papers and paying fees.

As soon as the State Register issues a certificate of registration, enterprise is considered open. It is allowed either to create a new enterprise with documents that clearly match the requirements, or to acquire organization that is licensed but not yet operating, and change the constituent documents to match the new direction of work.

Shares and shareholders

Shareholders can be enterprises or individuals – both from Armenia and foreign citizens.

Company formation in Armenia requires only 1 director, it can even be a foreigner. It is also necessary to establish a board of directors responsible for management and operational matters.

Firm’s name

Enterprise’s name must have the ending “LLC”, “CJSC”, “Branch xxx of the company LLC” or “Representative office of the xxx company”.

Before you decide on final firm’s name for complete Armenia company setup, you need to check it in State Register (through WebCHeck program). It is also necessary to carry out a separate check through the Trademark Registry of the Armenian Intellectual Property Office so that in the future there will be no problems with guaranteeing the uniqueness and non-use of a particular trademark by other enterprises. If the name has a registered trademark of a third party, then it cannot be selected.

Our specialists have many years of experience in starting a Business in Armenia and licensing businesses in this jurisdiction. We have extensive professional knowledge in the field of buying and selling commercial structures, providing the most efficient and fast results for our clients. Contact us right now, and we will not only provide you with comprehensive advice on the issues you are interested in, but also offer a list of ready-made companies for sale.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Banks for sale” and “Licenses for sale”.

You could be interested

Company registration in Romania

Romania is very interesting location for representatives of international investment and financial structures. As a result of the active development of the economic sector, the stabilization of the fiscal system and a loyal legal framework, the Romanian jurisdiction is becoming a home for more and more companies. Romania is not listed as a standard offshore,...

India Forex License

Forex-activity is exchanging currencies. Concept and essence of FX-market covers worldwide currencies trading area, which is biggest and most active financial market globally. Daily turnover of funds there exceeds $ 5 trillion in total value. This amount is greater than the turnover of each of their national market-spaces in aggregate. Forex-market participants today are big-scaled...

ICO consulting

DESCRIPTION AND FEATURES Eternity Law International provides ICO consulting and also prepares, accompanies and organizes ICO-campaigns for companies and private entrepreneurs. Initial coin offering (ICO) is a form of attracting investment infusions into various production programs and emission schemes, as well as implementing cryptocurrencies among sponsors. It is used in the same way – by...

Invitation for residents of other countries

An invitation for residents of other countries to Ukraine is a form of a certain type, which gives a resident of another state, whether or not registered, the opportunity to obtain permission to enter Ukraine. Since the second quarter of 2017, the list of documentation to issue a permit has changed. In addition to other...

Vanuatu Is Making Crypto Real

Vanuatu has lately emerged as a desirable location for people curious about doing offshore companies, particularly luring entrepreneurs who wish to operate a non-native digital firm from another nation. Many entrepreneurs desire to get a Forex license in Vanuatu. In this regard, the government of this nation recently developed an interest in the development of...

Offshore bank license in Cayman islands

The Caymans have acquired the status of an important financial center in their region. Despite their compact size, many banks and financial institutions, including international ones, are concentrated here. In recent years, the islands have become a popular location for digital asset businesses, attracting numerous cryptocurrency exchanges and other firms in the space. Despite its...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7