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.
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.
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.
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.
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