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Business Opportunities in Armenia 2020  

Business Opportunities in Armenia 2020 

In 2019, Armenia's GDP grew by 7.6% - the highest rate in all of Europe. Foreign business owners and investors appreciate the pace of the economic reforms, Armenia's safety, freedom and openness. Many prefer to visit Armenia in person and register a business as a first step to enter the market. 


A knowledgeable local lawyer can help you to minimize risks by ensuring compliance with tax, labor, immigration and other regulations, avoid pitfalls and take advantage of tax benefits and other government assistance programs, especially if you do not speak Armenian or plan to run your business remotely.

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Please send your inquiries by filling out this form. Our lawyers will respond to all your questions with  proper detail, in a timely manner and absolutely free of charge.

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Orchards & Vineyards

Cherry orchard in Armavir. 10,000 sq. m. (2.5 ac). $10,000. 

Apricot orchard in Aragatsotn. 11,000 sq. m. (2.7 ac). $13,000. 

Plum orchard in Armavir. 47,000 sq. m. (11.6 ac). $49,000. 

Apricot and nut orchard in Aragatsotn. 9,000 sq. m. (2.2 ac). $12,000. 

Օrchard in Ararat (apricot, peach, mulberry, blackberry). 25,000 sq. m. (6.2 ac). $22,000. 

Apple orchard in Ararat. 20,000 sq. m. (5 ac). $21,000. 

Quince orchard in Armavir. 6,000 sq. m. (1.5 ac). $7,000. 

Cherry orchard in Vayots Dzor. 20,000 sq. m. (5 ac). $20,000. 

Vineyard in Ararat. 29,000 sq. m. (7.1 ac). $31,000. 

Օrchard in Lori (peach, cherry, apple, plum, nut, mulberry). 15,000 sq. m. (3.7 ac). $14,000. 

Apricot orchard in Armavir. 620,000 sq. m. (153 ac). $300,000. 

Apricot orchard in Ararat. 10,000 sq. m. (2.5 ac). $13,000. 

Orchard in Armavir (plum, peach, apricot, cherry, almond). 45,000 sq. m. (11.1 ac). $48,000. 

Small Business Opportunities

1. Agriculture

  • Beekeeping & honey production
  • Greenhouse (flowers, vegetables, berries, herbs, lemons, etc.)
  • Dried fruits (apricots, prunes, peaches, etc.)
  • Winemaking
  • Vegetables (celery, asparagus, broccoli, etc.)
  • Poultry farming & hatchery operation
  • Berries (strawberry, blackberry, raspberry, etc.)
  • Cattle farming 
  • Sheep & goat farming
  • Pig farming
  • Fish farming (crawfish, caviar, etc.)
  • Herb growing (herbal teas, spices, medicinal herbs, stevia)
  • Dried herbs and medicinal herbs
  • Wild harvest
  • Paulownia tree farming
  • Crops (buckwheat, emmer wheat, etc.)
  • Corn farming
  • Cotton farming
  • Mushroom farming, harvesting
  • Snail farming
  • Horse breeding

2. Food Processing

  • Cold storage for fruits and vegetables
  • Slaughterhouse
  • Fish processing
  • Cheese making, milk processing
  • Meat processing
  • Canning, packaging, freezing, etc.
  • Juice
  • Compote, jam, syrup, concentrate, pickles
  • Mushroom processing
  • Vodka (grape, apricot, apple, plum, etc.)
  • Brandy, fruit & herbal wine, tinctures
  • Pasta manufacturing
  • Processing of wild harvest (canned fruits, berries, herbs)
  • Flour milling
  • Oil production (olive, linseed, grape seed, etc.)
  • Livestock feed manufacturing
  • Organic fertilizer production
  • Leasing of farm equipment

3. Travel & Tourism

  • Guest house, bed & breakfast
  • Camping & glamping
  • Wooden, light-structure, treehouse cottages
  • Rest area (shelter, food, WC, market, souvenir shop, etc.)
  • Co-living space
  • Workation space
  • Rental of recreational vehicles
  • Travel agency
  • Souvenir shop
  • Gastronomy & wine tourism
  • Restaurants (café, pavilion, gastro-yard, etc.)
  • Craft tourism
  • Archeological tourism
  • Adventure tourism 
  • Hiking trails & tours
  • Horseback riding
  • Mountain climbing
  • Cave tourism
  • Off-road tours
  • Rental of all-terrain vehicles
  • Bicycle rental station
  • Mountain bike trails & tours
  • Fishing 
  • Eco-village 
  • Birdwatching 
  • Winter tourism (ski lodges, ski equipment rental)
  • Rental of snowmobiles
  • Recreational & athletic facilities
  • Amusement park
  • Skating rink
  • Zip line
  • Ropeway

4. Automotive

  • Gas station
  • Auto parts
  • Auto pawnshop
  • Car wash
  • Car service station
  • Carsharing
  • Help with buying used cars

5. Children's Products and Services

  • Children's center
  • Play rooms and playgrounds
  • Kindergartens
  • Goods for kids
  • Children's clothing
  • Mental math
  • Toys and games for children
  • Children's' hairdressing saloons

6. Food

  • Café
  • Restaurant
  • Fast food outlet
  • Bar
  • Coffeehouse
  • Coffee to go
  • Beer house
  • Sushi, rolls
  • Canteen
  • Hookah bars
  • Children's café
  • Burgers
  • Pizzerias
  • Pancakes & waffles
  • Ice cream
  • Shawarma

7. Education

  • Courses
  • English language schools
  • Schools & training centers
  • Schools of programming and robotics
  • Language schools and centers
  • Football schools

8. Manufacturing

  • Bakery
  • Food production
  • Building materials production

9. Trade

  • Car accessories
  • Liquor stores
  • Pharmacies
  • Vape shops, hookahs
  • Vending machines
  • Healthy food
  • Pet shops
  • Stationery
  • Confectionery
  • Cosmetics and perfumery
  • Furniture
  • Butcher shops
  • Underwear
  • Equipment and tools
  • Shoes
  • Clothing
  • Optics
  • Gifts
  • Food
  • Fish
  • Sweets
  • Building materials
  • Bags and suitcases
  • Phones & gadgets
  • Household goods
  • Health and beauty products
  • Dropshipping 
  • Flowers and plants
  • Jewelry

10. Services

  • Rentals and hire
  • Apartment rentals
  • Car rentals
  • ATV & snowmobile rentals
  • Bicycle and scooter rental
  • Manpower supply
  • Food delivery
  • Call center
  • Cleaning services
  • Courier delivery services
  • Shipping and cargo services
  • Nursing homes
  • Advertisement/marketing agency
  • Phone repair service centers
  • Construction and renovation
  • Taxi, cargo transportation
  • Shooting range
  • Pet grooming
  • Photo studios
  • Dry cleaners, laundries
  • Certification centers
  • Security & surveillance
  • Coworking spaces

11. Health & Beauty

  • Epilation and sugaring
  • Fitness clubs
  • Athletic clubs
  • Dentistry
  • Beauty salons
  • Hairdressing salons
  • Eyelash extensions
  • Medical laboratories
  • Medical centers
  • Manicure, pedicure
  • Massage parlors
  • Barbershops
  • Grooming salons
  • Fitness/yoga studios

12. Online & Home-Based Businesses

  • Online stores
  • Digital & social media marketing

13. Entertainment

  • Quests
  • Bookmakers
  • Pools, water parks
  • Virtual reality
  • Computer/cybersport clubs

14. Finances

  • Insurance brokers
  • Pawnshops
  • Credit brokers
  • Cryptocurrencies & mining

15. Professional Services

  • Legal services
  • Real estate
  • Migration center
  • Consulting
  • Bankruptcy
  • Accounting services
  • Visa application centers

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Copyright 2021 - Vardanyan & Partners LLC

Nerses Isajanyan

Managing Attorney
LL.M. Georgetown University
New York Bar | Armenian Chamber of Advocates

We are a team of licensed lawyers based in Armenia and Georgia. Our primary commitment is to provide quality service to clients at a compelling value that helps manage risk, overcome regulatory issues and advance their personal and business goals. 


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Nerses Isajanyan

Attorney

LL.M. Georgetown University

New York Bar | Armenia Chamber of Advocates

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