Armenia company registration


pay fee by instalmentsbusiness setup without travelGuaranteed solutions
Since 2003, Healy Consultants Group has assisted our Clients with business registration in Armenia. Our services include i) Armenia company incorporation ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

Compare different Armenia entities Tax resident LLC IT Company Free Zone company Investment Fund Representative office
Also known as Onshore company Tech company Free economic zone company Licensed fund Rep office
Best use of company? All products and services Mobile & cloud solutions Manufacturing & trading Asset management Marketing & research
How soon can you invoice Clients/sign sales contracts? 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
How soon can you hire staff? 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
How soon can you sign a lease agreement? Immediately Immediately Immediately Immediately Immediately
How long to supply corporate bank account numbers? 4 weeks 4 weeks 5 weeks 5 weeks 5 weeks
How long to supply company registration/tax numbers? 2 weeks 2 weeks 2 weeks 2 weeks 3 weeks
Corporate tax rate on annual net profits? 20% 0% 0% 20% None
Limited liability entity? Yes Yes Yes No No
Government grants available? Yes Yes Yes Yes No
Government approval required for foreign owners? No No No No No
Resident director/partner/manager/legal representative required? No No No No No
Minimum paid up share capital? US$1 US$1 US$1 None None
Can bid for Government contracts? Yes Yes Yes Yes No
Corporate bank account location? ACBA - Credit Agricole Bank Ameriabank Armbusinesbank Ardshinbank Ineco Bank
Can secure trade finance? Yes Yes Yes Yes No
VAT payable on sales to local customers? 20% 20% 0% 20% 20%
Average total business set up engagement costs? €9,400 Request a proposal Request a proposal Request a proposal €12,060
Average total engagement period? 2 months 2 months 2 months 2 months 2 months

Armenia business setup summary

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  • Advantages of Armenia company registration

    Register an Armenian company

    • A limited liability company in Armenia can be incorporated with a minimum of one shareholder and one director of any nationality. The minimum paid-up capital required is €1 for incorporation and our Client will not need to travel to complete the engagement;
    • Starting a business in Armenia is quite simple and fast as it takes approximately 1 week to complete the incorporation process. Armenia is positively ranked as 47th out of 190 countries in ease of doing business by World Bank;
    • Armenia’s close proximity to i) the large European Union (EU) markets ii) Commonwealth of Independent States (CIS) markets iii) Asian markets and iv) Middle East markets, provides a good platform for setting up of a manufacturing and export business entity as entrepreneurs can engage in trade with all these countries;
    • Armenia has a considerable network of operational Double Tax Treaties with 46 countries and investors can also access markets through Free Trade Agreements including i) WTO members worldwide and ii) GSP (Generalized Scheme of Preferences) regimes with EU countries, USA, Canada and Japan, Switzerland and Norway and iii) CIS members;
    • Armenia offers entrepreneurs tax incentives in the Free Economic Zones such as i) tax exemptions on income, profits and property taxes and ii) exemption from VAT;
    • Armenia’s overall quality of infrastructure is highly ranked at 69 out of 141 economies by the World Economic Forum with high speed accessibility to internet throughout the country;
    • In Armenia, there are no restrictions on i) foreign investments or ownership ii) foreign currency exchange and iii) repatriation of profits.
  • Disadvantages of Armenia company registration

    • Armenia is a landlocked country therefore making it quite difficult to transport products especially for manufacturing companies that heavily rely on shipping as a means of transportation of their products;
    • Taxation in Armenia is quite high with corporate tax rate at 20% and VAT levied at 20%;
    • Corruption is a major constraint in Armenia as the government and judicial system are riddled with corrupt leaders and this impedes the enforcement of contracts and slows down administrative procedures;
    • In Armenia, the official language is Armenian therefore all business documents must be translated into Armenian or Russian. This slows down the process of company setup and is also a constraint when foreign investors need to communicate with employees and government officials.

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Contact us

For additional information on our business registration services in Armenia, please contact our in-house country expert, Ms. Yekaterina Li, directly:
Consultant at HC - katya
  • Ms. Yekaterina Li
  • Client Engagements Director
  • Contact me!
Armenia Ministry of Economy Ministry of foreign affairs of the Republic of Armenia The government of Armenia - Ministry of Justice Central bank of the republic of Armenia (AM)