NEWS 2017-06-27T09:25:34+04:00

Power of Attorney in Armenia

A power of attorney (POA) is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter. Armenian law does not require the principal (the person authorizing [...]

By | July 25th, 2015|Categories: Uncategorized|Comments Off on Power of Attorney in Armenia

Virtual Office in Armenia

Armenian law does not require businesses to own or rent brick and mortar offices or employ staff. Thus many local companies, especially foreign-owned, may choose to use virtual offices. Virtual offices allow their users to do business [...]

By | July 12th, 2015|Categories: Business Law|Comments Off on Virtual Office in Armenia

Registering as Individual Entrepreneur in Armenia

It is possible for a person (including a foreign citizen) to register as individual entrepreneur (sole proprietor) in Armenia to do business without forming a company. It is important to remember that in Armenia only individuals [...]

By | July 9th, 2015|Categories: Business Law|Comments Off on Registering as Individual Entrepreneur in Armenia

Company Liquidation

Company liquidation can happen for a number of reasons: by the decision of its founders (shareholders, participants) (including on expiry of the period or the accomplishment of the objectives for which it was established) by [...]

By | July 7th, 2015|Categories: Business Law|Comments Off on Company Liquidation

Customs benefits for permanent residents

Individuals arriving to Armenia for permanent residence (including refugees) can import their personal property without paying customs payments (including VAT).  To be eligible for these benefits, the person has to have resided outside of Armenia for at least five consecutive [...]

By | July 1st, 2015|Categories: Taxation|Comments Off on Customs benefits for permanent residents

Opening a bank account in Armenia

There are 21 Banks in Armenia (all of them are private, some of these banks are international, e.g. ACBA-CREDIT AGRICOLE BANK (French Credit Agricole Banking Group holds 28% of its shares), Areximbank - Gazprombank Group, Bank [...]

By | June 18th, 2015|Categories: Uncategorized|Comments Off on Opening a bank account in Armenia

Tax Benefits in Republic of Armenia

The Tax Legislation of Republic of Armenia offers tax benefits for many types of economic activities for both resident and non-resident taxpayers. Some of the most notable tax benefits include the benefits defined by the [...]

By | June 15th, 2015|Categories: Corporate Law, Taxation, VAT|Comments Off on Tax Benefits in Republic of Armenia

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