Business/Taxation (Armenia)
 Get Free Consultation Now!
Share 0
Tweet 0
Pin 0

Armenian Government to Develop Space Activities with Tax Benefits

Armenia Economy

Hakob Arshakyan, High-Tech Industry Minister of Armenia, remarked that there is a need to regulate and promote space activities in order to employ space research and industry in an advantageous way for the whole Armenia economy. The solution to the issue was the approval of a draft law on space activity by the government. Currently, the space activities in Armenia are regulated only by international law.

  • Space activities are expected to be included in the list of activities subject to licensing and to provide these companies with tax privileges until 2030," said the minister.

He also added that new jobs, as well as new infrastructures, will be created due to the creation and promotion of the space sector in Armenia.

Hakob Arshakyan noted that the activities of the two companies operating in this field will be promoted in Armenia as a result of the legislative package.

For more information, please visit our website.

Space activity in Armenia to have tax benefits, News.am (October 24, 2019) (in English)

 Previous Article 
Next Article

Contact Us for Assistance

Whether you have a specific concern or just need some preliminary advice, our team is here to help. Fill out the form below, and one of our experts will reach out to you shortly. No strings attached, and absolutely free.

Contact Us

Your Privacy Matters to Us
Rest assured, any information you provide will be treated with the utmost confidentiality. We firmly believe in the principle of data privacy. That means we will not sell, rent, or lease our contact lists to any third party, and your personal details will never be handed over to individuals, government agencies, or companies.

Enjoyed this article?

Find more great content here:

Case Study on Digital Nomad in Armenia

Read More

A Journey Through Armenian Festivals and Celebrations: Traditions

Read More

Tips for Telecommunications in Armenia: Stay Connected with the Right Services

Read More

What Clients Say

I worked with Vardanyan & Partners for a couple years now and they have been of great help! I am 100% satisfied and fully recommend their services.
Idriss C.

Ms. Hasmik Mirzoyan was my main point of contact and provided informative and timely correspondence; as well as assisted me with contacting a local accountant for questions I had pertaining to future income tax implications. I felt well supported and assisted throughout the process. Ms. Hasmik Mirzoyan is very professional and always helpful and certainly an asset to your firm.
Shane L.

Ms. Mirzoyan at Vardanyan & Partners has provided me with a truly unparalleled customer service experience. Polite, transparent, attentive, and honest are the words which come to mind when I think of how I've been treated by this law firm. Õ·Õ¶Õ¸Ö€Õ°Õ¡Õ¯Õ¡Õ¬Õ¸Ö‚Õ©ÕµÕ¸Ö‚Õ¶!
 
Vikram R.

This law firm exemplifies professionalism and offers exceptional post-service guarantees. I highly recommend their services.
Dina Y.

Why Choose Us

Decade of Excellence

Over 10 years of specialized experience in immigration and business setup.

Tailored Solutions

Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, providing bespoke legal strategies for each client.

Fast & Fluent Communication

We prioritize your concerns with a 24-hour response policy and communicate effectively in both English and Russian.

Client-Centered Approach

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.

Secure Transactions

Benefit from our secure online payment system without the worry of hidden charges.

Reputable & Reliable

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.

>