Fees and timelines in 2022

Fees

payment by instalmentArmenia LLC setup costs in Year 1 will amount to €2,300 and annual company costs in Year 2 and thereafter will amount to €950. The average fee per engagement amounts to €9,400 including i) Armenia company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.

Different Armenia entity types Cost Draft invoice
Tax resident LLC €9,400 View invoice PDF
JSC €10,400 View invoice PDF
Branch of a foreign company €11,000 View invoice PDF
Representative office €12,060 View invoice PDF

Timelines

The average Armenia company registration period is 10 weeks as outlined below:

Service LLC JSC Branch Office Rep Office
Engagement planning 1 week 2 weeks 3 weeks 3 weeks
Company incorporation period 2 weeks 3 weeks 3 weeks 4 weeks
Bank account approval 4 weeks 4 weeks 5 weeks 5 weeks
Internet banking approval 2 weeks 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 10 weeks 12 weeks 14 weeks 5 weeks

Armenia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Armenia, please contact our in-house country expert, Ms. Yekaterina Li, directly:
Consultant at HC - katya
  • Ms. Yekaterina Li
  • Senior Client Relationship Manager
  • 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)