Georgia Allows Dual CitizenshipGeorgian citizenship will not be terminated in case of acquiring a second citizenship.In September 2018, the Parliament[...]

Improved Ranking for Georgian Passport Over the last two years the demand for Georgian citizenship has increased as the Georgian[...]

Tax Benefits for IT Companies in Armenia According to the government approval of a set of amendments to the law[...]

Armenia’s Hospitality Ranking Exceeded Georgia and Azerbaijan Passport Index has rated countries on hospitality, based on the number of states[...]

Official: Property Prices Grow by 23% in Central Yerevan Foreigners that are interested in buying real estate in Armenia may[...]

On March 8, 2018, Serbia exempted Georgian passport holders from visa requirements. Under the new rules Georgian nationals can enter[...]

In 2017 the President of Georgia granted citizenship to 3,000 foreigners who applied under regular procedure for naturalization. Moreover, 8[...]

With the visa-free regime with the European Union/Schengen zone, which came into effect on March 28, 2017, the Georgian passport[...]

The governments of Georgia and Ukraine are working to make is possible for their citizens to travel between the two[...]

Getting E-Visa and Visa on Arrival On Nov. 22, 2017, Armenia became the easiest country for Indian nationals to visit[...]

Armenian real estate market grew exponentially between 2002 and 2008 with prices going up by 570%. In 2009 the country’s[...]

Armenia and Georgia are small neighboring countries in Caucasus. Both countries welcome foreign investors and entrepreneurs and offer immigration benefits[...]

Illegal entrepreneurship is defined as conducting business activities without state registration or without obtaining a license, if required. State registration is[...]

Disability fund payments are social security payments the purpose of which is to promote the integration of disabled people in[...]

Armenian regulations of marketing are mostly found in the Law on Advertisement and are enforced by designated bodies, such as[...]

While the status of foreigners is regulated by the Armenian Law on Foreigners, immigration-related offenses and penalties are generally contained[...]

The State Commission for the Protection of Economic Competition performs the following tasks: protects and promotes free economic competition to[...]

Armenian is the official language of Armenia. According to the law on Language, state bodies, enterprises, institutions and organizations (regardless of[...]

Company management is the organization and coordination of the activities of the business in order to achieve the defined objectives.[...]

An employment contract is an agreement between the employee and the employer that specifies the rights and obligations of each party.[...]

In order to legally engage in certain kinds of activities, individuals (including Individual Entrepreneurs (IE)) and legal entities have to[...]

A power of attorney (POA) is a written authorization to represent or act on another's behalf in private affairs, business,[...]

Armenian law does not require businesses to own or rent brick and mortar offices or employ staff. Thus many local[...]

It is possible for a person (including a foreign citizen) to register as individual entrepreneur (sole proprietor) in Armenia to do[...]

Company liquidation can happen for a number of reasons: by the decision of its founders (shareholders, participants) (including on expiry[...]

Individuals arriving to Armenia for permanent residence (including refugees) can import their personal property without paying customs payments (including VAT).  To be eligible for[...]

Information on this webpage is NOT updated and may be inaccurate. Please contact us for more information.There are 21 Banks[...]

The Tax Legislation of Republic of Armenia offers tax benefits for many types of economic activities for both resident and[...]

The headline rate of corporate profit tax in Armenia is 20% for resident companies, and, depending on the type of[...]

According to "thin capitalisation" rules in Armenia, the maximum amount of interest that may be recognised as an expense when[...]

Dividends, royalties, interest, and property lease payments paid by a locally resident company to a non-resident are subject to a[...]

Q: Are there any documentary taxes in Armenia? A: Armenia does not levy any documentary taxes on documents evidencing transactions.[...]

Q: Do the double taxation avoidance treaties of Republic of Armenia follow the OECD or another model? A: While the majority[...]

The Republic of Armenia has 41 income tax treaties and agreements currently in force. The list of treaties is available[...]

The National Assembly of RA passed the bill about amendments to the law on Foreigners that regulates issues related to work[...]

According to tax legislation, for taxpayers certified and operating under the law on State Support of IT Sphere, the income[...]

Any type of business activity in Armenia, including passive investment, qualifies for a temporary residence permit, irrespective of the actual[...]

Armenian immigration authorities must follow objective criteria when deciding whether to grant or refuse applications for visa or residence permit.[...]

Foreign employees are entitled to the same benefits as local employees, including a minimum monthly salary of 50,000 drams ($105)[...]

Visas for nationals of certain countries can be issued only by Armenian consulates abroad. Wait times for visa appointments vary and[...]

Ordinary business visas in Armenia are issued for a period of up to 120 days, extendable by another 60 days.[...]

Unless a foreign individual is exempted from work permit requirements, the employer must first obtain a work permit by applying to[...]

Generally a holder of an Armenian visa is not entitled to work in Armenia unless s/he also holds a work[...]

People transiting Armenia do not require a visitor visa if they are stopping off at an Armenian airport on their[...]

Armenian immigration laws do not contain specific regulations for giving or receiving short-term training. Work permit may be required if[...]

A business visitor cannot undertake work activities while in Armenia, unless these activities are exempted from work permit requirements. Permitted[...]

Visa requirements for entering Armenia vary greatly between different nationalities. Visa exempt nationals (EU/EFTA and CIS) may travel to Armenia[...]

Starting from January 1, 2015 Armenia will join the Eurasian Economic Union (EEU), which provides for a common market and[...]

Expatriate workers in Armenia shall possess an individual work permit issued my the Ministry of Social Affairs. This requirement does not apply[...]

For purposes of VAT the moment of supply of goods (provision of services) is the moment when the goods were[...]

In Armenia only the legislative acts of the Parliament may restrict the rights and freedoms of individuals and legal entities,[...]

For VAT purposes the following services are deemed to be provided in Armenia if the recipient of services is registered[...]

In Armenia zero rate VAT applies, among other things, to re-exported goods and to processing, assembly, renovation, modernization and similar[...]

According to the Armenian Law on Alienation of Property for Public and State Needs, financial obligations arising from the transfer of[...]

Taxpayers deduct from the VAT imposed on the taxable turnover (output VAT) the VAT which was paid to the suppliers[...]

Gratuitous or partially compensated transactions in Armenia are subject to full VAT taxation based on the real (market) value of the goods[...]

Gratuitous or partially compensated transactions in Armenia are subject to full VAT taxation based on the real (market) value of the goods[...]

Gratuitous or partially compensated transactions in Armenia are subject to full VAT taxation based on the real (market) value of the goods[...]

During a meeting on business environment improvement on September 3, 2014, the Prime Minister approved a proposal to amend the[...]

The Ministry of Finance initiated amendments to the Law on VAT to allow taxpayers to deduct the input VAT even[...]

On August 28, 2014, the Government approved amendments to the Law on Taxes introducing the concept of tax lien (restriction).[...]

On June 21 the National Assembly passed a new Law on Money Laundering and Terrorist Financing which provides for mandatory[...]

The Government of Armenia approved amendments to the law on accounting, which exempt large organizations (defined as those with assets[...]

The Government of Armenia approved amendments to the law on excise tax, which exempt the import of luxury cars from[...]

The National Assembly of Armenia passed a law extending the list of goods the sale or import of which require[...]

On February 20th the Government approved a draft amendment to the Law on Taxes regarding attachment of bank accounts by[...]

On April 2, 2014, the Constitutional Court of Armenia held unconstitutional a number of provisions of the Law on Funded[...]

Armenian companies are subject to income (profit) tax and value added tax (VAT). Companies possess a fiscal identity separate from[...]

All companies in Armenia must register with the State Registry, which is a special agency under the Ministry of Justice.[...]

A famous foreign trademark is not afforded protection if it has not been used domestically in Armenia. Such protection is[...]

ADR techniques, such as mediation and arbitration, are available in Armenia, although not commonly used. This may be because court[...]

The remedies available to a prevailing plaintiff can include monetary damages, injunction against future infringement, erasure of the infringing sign,[...]

In trademark infringement proceedings in Armenia numerous defenses are available, and depend on the specific facts in question. Generally they[...]

There is only one avenue of appeal in civil actions (trademark infringement and dilution) in Armenia, namely from the court[...]

The trademark litigation costs in Armenia vary and depend, among other things, on the appointed counsel and the complexity of[...]

All trademark infringement or dilution proceedings vary in length depending on the workload of the courts, the complexity of the[...]

Armenian procedural law does not provide for full discovery, but in pending trademark infringement actions courts may generally order evidence[...]

The general rule is that activities that take place outside the country of registration cannot support a charge of infringement[...]

A trademark infringement action may be brought by the owner of (or applicant for) the infringed trademark. A licensee may[...]

There is a general rule that the plaintiff needs to prove all facts that support his claim, whereas the defendant[...]

Court proceedings for trademark infringement in Armenia are typically initiated by filing a written statement of claim with the court[...]

Trademark enforcement and infringement actions in Armenia must be initiated before the courts of general jurisdiction. There are no specialized[...]

Owners of a trademark may use the ® symbol to indicate that the mark concerned has been registered with the[...]

Security interests (collateral rights) over trademarks are recognized by Armenian law. The right conferred by a trademark (or trademark application)[...]

Assignment of a trademark in Armenia shall be in writing and be registered with the Armenian Intellectual Property Agency (AIPA)[...]

Assignments are registered with the Armenian Intellectual Property Agency (AIPA). To register the assignment it is necessary to provide the[...]

The right conferred by the registration of or application for a trademark may be transferred or assigned to another person[...]

To be valid and enforceable against third parties a license agreement shall be recorded with the Armenian Intellectual Property Agency[...]

Registration confers on the owner the exclusive right to use the trademark, to dispose of it and to prevent others[...]

A trademark registered in Armenia remains in effect for 10 years starting with the date of filing the application. At[...]

Once a trademark application is accepted, it is published online in the Official Journal (http://aipa.am/en/trademark-applications/) for a two-month opposition period.[...]

If any objections are raised by the Armenian Intellectual Property Agency (AIPA) at examination stage, the applicant will have the[...]

Applications can be made either for trademarks that are already in use or for trademarks that are not yet in[...]

Upon application the Armenian Intellectual Property Agency (AIPA) acknowledges receipt of the application detailing the trademark and the applicant’s name.[...]

When applying for a trademark, the applicant will need to provide a list of the goods and/or services for which[...]

Although it is recommended that trademarks be registered in Armenia, trademark rights may be established without registration through the actual[...]

Trademark protection in Armenia is extended to any mark used to distinguish goods and services and that may be graphically[...]

Any natural and legal person may apply for and own trademarks in Armenia, including non for profit organizations. It is[...]

The importance of an effective and enforceable system of intellectual property laws and institutions has been acknowledged by the Armenian[...]

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Armenian Court System Armenian judicial system has undergone various reforms in recent years and currently comprises four tiers: First instance[...]