Company Registration in Armenia



 Armenia is rapidly emerging as a strategic destination for foreign investors and entrepreneurs seeking a low-cost, business-friendly environment at the crossroads of Europe and Asia. With its growing economy, stable legal framework, and simplified procedures for foreign-owned businesses, Armenia offers a promising opportunity for both startups and international corporations.

Setting up a company in Armenia gives you access to a liberal trade regime, proximity to CIS and Eurasian Economic Union markets, and competitive labor costs. The government of Armenia has introduced investor-friendly reforms and tax incentives, particularly in sectors like IT, agriculture, tourism, and manufacturing.

This comprehensive guide outlines everything you need to know about registering a company in Armenia, from entity types to documentation, taxation, and legal compliance.

 Types of Business Entities in Armenia

  1. Limited Liability Company (LLC)

    • Most common legal form for small and medium businesses.

    • Requires at least one founder; can be an individual or a legal entity.

    • No minimum capital requirement.

    • Founders are not personally liable for company obligations.

    • Can be fully foreign-owned.

  2. Joint Stock Company (JSC)

    • Suitable for larger businesses and those seeking public investment.

    • Can be open (public) or closed (private).

    • Requires a minimum share capital of AMD 1 million for open JSCs.

    • Subject to more rigorous financial and audit reporting.

  3. Branch or Representative Office

    • Allows foreign companies to operate in Armenia without creating a separate legal entity.

    • Not allowed to engage in commercial activity directly (representative office).

    • Branches can carry out business operations but are considered extensions of the parent company.

  4. Private Entrepreneur (PE)

    • For individuals who want to operate as sole proprietors.

    • Simpler registration and tax reporting process.

    • No legal distinction between owner and business (unlimited liability).

 Eligibility Criteria for Company Registration in Armenia

  • Founders: Can be individuals or legal entities, both local and foreign.

  • Minimum Capital: No minimum capital for LLCs or PEs. JSCs have defined capital requirements.

  • Director Requirements: Companies must appoint at least one director. No residency requirement.

  • Registered Address: A physical address in Armenia is mandatory.

  • Tax ID: All founders and the company must obtain a Tax Identification Number (TIN).

 Procedure for Company Registration in Armenia

  1. Choose Company Name

    • Check availability and reserve the name with the State Register.

  2. Prepare and Submit Documents

    • Charter (Articles of Association), ID/passport copies of founders, application form, address proof.

  3. State Registration

    • Submit documents to the State Register of Legal Entities.

    • Registration is usually completed within 1-2 working days.

  4. Obtain TIN

    • Apply for the company's Tax Identification Number from the State Revenue Committee.

  5. Open Bank Account

    • Required for conducting financial transactions and depositing share capital (if applicable).

  6. Social Security and Employment Registration

    • If hiring employees, register with social security and labor authorities.

 Documents Required for Company Registration in Armenia

  • Founders' ID/passport copies

  • Application form

  • Company charter (Articles of Association)

  • Proof of registered address in Armenia

  • Power of Attorney (if using a representative)

 Benefits of Company Registration in Armenia

  • Fast Registration Process: Incorporation can be completed in as little as 1 day.

  • 100% Foreign Ownership Allowed: No restrictions on foreign investors.

  • Low Operating Costs: Affordable labor, office space, and utilities.

  • Tax Incentives: Special tax regimes for IT companies, SMEs, and businesses in Free Economic Zones.

  • Access to Eurasian Markets: Member of the Eurasian Economic Union (EEU).

  • No Currency Controls: Free repatriation of profits and dividends.

 Various Taxes in Armenia

  • Corporate Income Tax: 18% standard rate; 0% for qualifying IT startups.

  • Dividend Tax: 5% for residents; 10% for non-residents (may be reduced under tax treaties).

  • VAT: 20% standard rate; small businesses under certain thresholds may be exempt.

  • Payroll Taxes: Employers are required to contribute to social security and personal income tax.

 Why Choose YKG GLOBAL for Company Registration in Armenia?

  • End-to-End Incorporation Support

  • Assistance with Local Legal and Tax Compliance

  • Nominee Director and Registered Address Services

  • Fast Track Documentation and Government Liaison

  • Post-Incorporation Support: Accounting, Tax Filing, Licensing

  • Multilingual Customer Support & Consulting

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