Background
X.F., a Malaysian entrepreneur, sought to expand her business into international markets and identified Armenia as a strategic location for her next venture. Attracted by Armenia's growing economy, highly skilled workforce, and business-friendly environment, the client turned to Vardanyan & Partners for comprehensive assistance in registering a Limited Liability Company (LLC) in Armenia.
Step 1: Selecting the Optimal Business Structure
During our initial consultation, we discussed various business structure options available in Armenia, including Private Entrepreneurship (PE) and Limited Liability Company (LLC). After carefully evaluating the client's business objectives and the advantages of each structure, she opted to establish an LLC due to its flexibility and the added benefit of limited liability protection, ensuring that her personal assets would remain shielded from any business-related liabilities—an essential consideration for an international entrepreneur.
Step 2: Business Registration Process
Vardanyan & Partners took full responsibility for managing the registration process on the client’s behalf. By granting us power of attorney, we were able to handle all document submissions without the need for her physical presence at the State Registry.
Key documents required for the registration included:
• X.F.’s passport, which was translated into Armenian
• Bilingual LLC registration documents prepared by our legal team to ensure compliance with Armenian law
Armenia’s efficient company registration system allowed for the LLC to be officially registered within one business day following the submission of the documents.
Step 3: Post-Registration Compliance and Tax Strategy
Following the successful registration of the LLC, we assisted X.F. in navigating the intricacies of Armenia’s tax system. After analyzing her business model and projected revenue, we recommended the turnover tax regime as the most suitable option. This regime included a simplified tax structure for businesses with annual sales under AMD 115 million (approximately USD 298,000) to pay a 5% turnover tax, replacing CIT and VAT.
It is worth mentioning that effective January 1, 2025, the turnover tax rate will increase from 5% to 10%. Additionally, these businesses will have the option to reduce expenses by up to 9% from their taxable income, resulting in an actual tax rate ranging from 1% to 10%.
With the comprehensive support of Vardanyan & Partners, X.F. successfully registered her LLC in Armenia, capitalizing on the country's favorable business environment and tax benefits. The efficient handling of the registration process allowed her to establish the company remotely and without delays. As her business in Armenia continues to expand, X.F. has entrusted our firm with the responsibility of securing work and residence permits for her foreign employees, further demonstrating her confidence in our expertise and the quality of our services.
For more detailed information on the business registration process and regulations in Armenia, please visit our website.
Seda Soghomonyan
Client Acquisition Specialist
Visa & Residency
Legal & Compliance
Investment
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This law firm exemplifies professionalism and offers exceptional post-service guarantees. I highly recommend their services.
We were impressed by business ethics, accuracy and professionalism of the company, which make this company stand out from the rest. The team that processed our case proved to be highly efficient and professional. Starting a business in Armenia while abroad and having to rely 100% on on-line communication is a big challenge in terms of trust and confidence. We are very happy with the work the team's done for us and will definitely continue cooperating with them in the future. We highly recommend this company as a reliable partner.
They were a fast and competent team. They helped me to get all the needed information and then provided all the services. I highly recommend them as a partner in Armenia.
Thank you for your excellent work and highly competent approach to execute the process both on the spot and remotely. I am glad I have chosen your company to handle the application and the process of obtaining my Armenian passport by descent. Everything was done promptly and with appropriate reaction and solution when the circumstances changed (due to law changes in the country). Shnorhakalut’yun!
Worked with them for over 3 years now. Always professional, excellent service and communication, the staff all speak English. Highly recommend, particularly for foreigners doing business in Armenia.
After my research on a reliable lawyer who could follow my request for residency in Armenia, I selected the firm Vardanyan & Partners. The website made an excellent impression on me, complete with all the information. I contacted them and they then resolved my doubts within a few days. Furthermore, they also offer a guarantee on their service. I was very satisfied and happy with my choice.
Very good quality of service. I highly recommend using the services of Vardanyan & Partners especially with Arman Batikyan. The team is very pleasant, competent and available.
I had a challenging case, and Vardanyan & Partners exceeded my expectations in handling it. Their unwavering dedication and persistence ensured a successful resolution, even when obstacles seemed insurmountable. I'm deeply appreciative of their support. The team's professionalism, patience, and kindness—from the accountants to the lawyers and assistants, all the way to the Managing Attorney—were exceptional. I wholeheartedly recommend Vardanyan & Partners, and I eagerly anticipate the opportunity to work with them again in the future.
The company is the great team of professional specialists. They have formally defined mature processes, that helps to serve client's requests clearly, on time, without red tape and bureaucracy.
The team members were all professional, knowledgeable and most importantly, honest. They are hard-working and patient and were always responsive to my messages and questions. What I like most is, they are very well organized and have a modern system of work.
It is always daunting when dealing with immigration, visas in a foreign country. The team at Vardanyan & Partners made the process for registering the business and applying for residency so much easier. I had no worries at all. The team overall really went out of their way to accommodate and assist us.
Overall, I felt it could not have been any better. Everything was taken care of so smoothly, effortlessly, and managed very well.
The team of Vardanyan & Partners led us through the whole process seamlessly by navigating the bureaucracy end to end. Extremely professional yet personal and friendly service.
As an American living in Armenia, I definitely need legal representation to help guide me through the many rules and regulations here, and I am happy that Vardanyan & Partners has been able to do just that.
Their meticulous attention to detail, unwavering dedication, and commitment to ensuring their clients' needs are met are truly admirable. I strongly recommend Vardanyan & Partners for their exceptional legal services.
Over 10 years of specialized experience in immigration and business setup.
Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, providing bespoke legal strategies for each client.
We prioritize your concerns with a 24-hour response policy and communicate effectively in both English and Russian.
At Vardanyan & Partners, client care is paramount. Our emphasis on honesty and transparency ensures that you are always informed and confident in your legal journey.
Benefit from our secure online payment system without the worry of hidden charges.
Established in 2012, Vardanyan & Partners has built a reputation for excellence and reliability. With our team, you are not just hiring attorneys; you are partnering with insured legal experts committed to your success.
Interested in gaining residency in Armenia? Our Residency by Investment program is an excellent pathway for investors looking to establish a strong presence in the country. Discover how you can secure your future and enjoy the numerous benefits Armenia offers. Learn more by visiting our Residency by Investment page.
Maintaining residency in Armenia does not require physical presence; remote application is possible.
The residency application usually takes about 80 days and only a valid passport is required.
Residents can sponsor extended family for residency (parents, siblings, grandchildren, etc.)
After living in Armenia for three years, citizenship can be obtained. Dual citizenship is allowed.
Managing Attorney
LL.M., Georgetown University
Licensed Attorney, Armenia (License no. 903)
Licensed Attorney, New York (License no. 5148945)
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Nestled in the heart of the Davtashen district in Yerevan, our office is a stone's throw away from the Migration Service building, ensuring seamless coordination on immigration matters. If you refer to the map above, you will pinpoint our exact location. For those journeying from the city center, anticipate a brief 20-30 minute taxi ride to reach us. We look forward to welcoming you and addressing your legal needs.
