There is no requirement that shareholders, managers or employees be Armenian citizens or residents and there is no restriction on local or foreign shareholding levels. Foreign shareholders and directors (except for the CEO) do not have to be registered with either the Registry or the tax authorities.
The following information is required if the founders are foreign individuals: their names, residential addresses and copies of passports, or if the founder is a foreign company: the name, address, registration number and documentation of the company’s existence, e.g., a transcript from the relevant company register.
The company must maintain a registered office (legal address) in Armenia but no company staff, local directors and secretaries are required. A business entity does not require the owner’s physical presence. Foreign managers must obtain a residence card to live and work in Armenia.