News 2018-03-26T06:52:53+04:00
Georgia Dual Citizenship
Georgia Allows Dual CitizenshipGeorgian citizenship will not be terminated in case of acquiring a second citizenship.In September 2018, the Parliament[...]
Georgian Passport Ranking
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
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
Armenia’s Hospitality Ranking Exceeded Georgia and Azerbaijan Passport Index has rated countries on hospitality, based on the number of states[...]
Property Prices Grow by 23% in Yerevan | Business and Lawyers Armenia
Official: Property Prices Grow by 23% in Central Yerevan Foreigners that are interested in buying real estate in Armenia may[...]
Visa-Free Travel between Georgia and Serbia
On March 8, 2018, Serbia exempted Georgian passport holders from visa requirements. Under the new rules Georgian nationals can enter[...]
Georgian Citizenship Granted to 3,000 Foreigners in 2017
In 2017 the President of Georgia granted citizenship to 3,000 foreigners who applied under regular procedure for naturalization. Moreover, 8[...]
Georgian Passport Ranks 53rd in the World
With the visa-free regime with the European Union/Schengen zone, which came into effect on March 28, 2017, the Georgian passport[...]
Passport-Free Travel Between Georgia and Ukraine
The governments of Georgia and Ukraine are working to make is possible for their citizens to travel between the two[...]
Armenia Allows Indians to Get E-Visa and Visa on Arrival
Getting E-Visa and Visa on Arrival On Nov. 22, 2017, Armenia became the easiest country for Indian nationals to visit[...]
Property Prices in Armenia (2002-2017)
Armenian real estate market grew exponentially between 2002 and 2008 with prices going up by 570%. In 2009 the country’s[...]
Review of Armenia and Georgia Business Visas
Armenia and Georgia are small neighboring countries in Caucasus. Both countries welcome foreign investors and entrepreneurs and offer immigration benefits[...]
Illegal Entrepreneurship
Illegal entrepreneurship is defined as conducting business activities without state registration or without obtaining a license, if required. State registration is[...]
Disability Fund Payments
Disability fund payments are social security payments the purpose of which is to promote the integration of disabled people in[...]
Advertisement & Marketing Regulations and Penalties
Armenian regulations of marketing are mostly found in the Law on Advertisement and are enforced by designated bodies, such as[...]
Immigration Offenses in Armenia
While the status of foreigners is regulated by the Armenian Law on Foreigners, immigration-related offenses and penalties are generally contained[...]
The Protection of Economic Competition
The State Commission for the Protection of Economic Competition performs the following tasks: protects and promotes free economic competition to[...]
Official Language in Armenia
Armenian is the official language of Armenia. According to the law on Language, state bodies, enterprises, institutions and organizations (regardless of[...]
Company Management in Armenia
Company management is the organization and coordination of the activities of the business in order to achieve the defined objectives.[...]
Employment and Dismissal in Armenia
An employment contract is an agreement between the employee and the employer that specifies the rights and obligations of each party.[...]
Licensing in Armenia
In order to legally engage in certain kinds of activities, individuals (including Individual Entrepreneurs (IE)) and legal entities have to[...]
Power of Attorney in Armenia
A power of attorney (POA) is a written authorization to represent or act on another's behalf in private affairs, business,[...]
Virtual Office in Armenia
Armenian law does not require businesses to own or rent brick and mortar offices or employ staff. Thus many local[...]
Registering as Individual Entrepreneur in Armenia
It is possible for a person (including a foreign citizen) to register as individual entrepreneur (sole proprietor) in Armenia to do[...]
Company Liquidation
Company liquidation can happen for a number of reasons: by the decision of its founders (shareholders, participants) (including on expiry[...]
Customs Benefits for Permanent Residents
Individuals arriving to Armenia for permanent residence (including refugees) can import their personal property without paying customs payments (including VAT).  To be eligible for[...]
Opening a bank account in Armenia
Information on this webpage is NOT updated and may be inaccurate. Please contact us for more information.There are 21 Banks[...]
Tax Benefits in Republic of Armenia
The Tax Legislation of Republic of Armenia offers tax benefits for many types of economic activities for both resident and[...]
Corporate Profit Tax in Armenia
The headline rate of corporate profit tax in Armenia is 20% for resident companies, and, depending on the type of[...]
Thin capitalisation rules in Armenia
According to "thin capitalisation" rules in Armenia, the maximum amount of interest that may be recognised as an expense when[...]
Profit tax rates for non-residents
Dividends, royalties, interest, and property lease payments paid by a locally resident company to a non-resident are subject to a[...]
A Q&A about transaction taxes in Republic of Armenia
Q: Are there any documentary taxes in Armenia? A: Armenia does not levy any documentary taxes on documents evidencing transactions.[...]
A Q&A about the bilateral tax treaties of Republic of Armenia
Q: Do the double taxation avoidance treaties of Republic of Armenia follow the OECD or another model? A: While the majority[...]
Double Tax Avoidance Agreements
The Republic of Armenia has 41 income tax treaties and agreements currently in force. The list of treaties is available[...]
Work Permits for Foreigners
The National Assembly of RA passed the bill about amendments to the law on Foreigners that regulates issues related to work[...]
Tax Benefits for IT Start-ups
According to tax legislation, for taxpayers certified and operating under the law on State Support of IT Sphere, the income[...]
Residency for High Net Worth Individuals and Investors
Any type of business activity in Armenia, including passive investment, qualifies for a temporary residence permit, irrespective of the actual[...]
Objective Criteria for Issuing or Refusing Visas & Residence Permits
Armenian immigration authorities must follow objective criteria when deciding whether to grant or refuse applications for visa or residence permit.[...]
Minimum benefits for foreign employees
Foreign employees are entitled to the same benefits as local employees, including a minimum monthly salary of 50,000 drams ($105)[...]
Visa Processing Time
Visas for nationals of certain countries can be issued only by Armenian consulates abroad. Wait times for visa appointments vary and[...]
Maximum Periods of Stay in Armenia
Ordinary business visas in Armenia are issued for a period of up to 120 days, extendable by another 60 days.[...]
Procedures for Obtaining Immigration Permissions
Unless a foreign individual is exempted from work permit requirements, the employer must first obtain a work permit by applying to[...]
Immigration Permits for Transferring Staff
Generally a holder of an Armenian visa is not entitled to work in Armenia unless s/he also holds a work[...]
Transit Visas in Armenia
People transiting Armenia do not require a visitor visa if they are stopping off at an Armenian airport on their[...]
Work Permits for Giving or Receiving Short-Term Training
Armenian immigration laws do not contain specific regulations for giving or receiving short-term training. Work permit may be required if[...]
Restrictions on Business Visitors
A business visitor cannot undertake work activities while in Armenia, unless these activities are exempted from work permit requirements. Permitted[...]
Visa Requirements for Short-Term Business Travelers
Visa requirements for entering Armenia vary greatly between different nationalities. Visa exempt nationals (EU/EFTA and CIS) may travel to Armenia[...]
Free Movement of Armenian Workers in Russia, Belarus and Kazakhstan
Starting from January 1, 2015 Armenia will join the Eurasian Economic Union (EEU), which provides for a common market and[...]
Exemptions from Work Permit Requirements in Armenia
Expatriate workers in Armenia shall possess an individual work permit issued my the Ministry of Social Affairs. This requirement does not apply[...]
Moment of Creation of VAT Liability
For purposes of VAT the moment of supply of goods (provision of services) is the moment when the goods were[...]
Taxpayers’ Rights Cannot Be Restricted by Secondary Legislation
In Armenia only the legislative acts of the Parliament may restrict the rights and freedoms of individuals and legal entities,[...]
VAT Taxation of Agency Services
For VAT purposes the following services are deemed to be provided in Armenia if the recipient of services is registered[...]
Zero Rate VAT for Processing Services
In Armenia zero rate VAT applies, among other things, to re-exported goods and to processing, assembly, renovation, modernization and similar[...]
Taxation of Expropriation
According to the Armenian Law on Alienation of Property for Public and State Needs, financial obligations arising from the transfer of[...]
Deduction of input VAT and VAT refund
Taxpayers deduct from the VAT imposed on the taxable turnover (output VAT) the VAT which was paid to the suppliers[...]
VAT on Gifts, Discounts and Deals
Gratuitous or partially compensated transactions in Armenia are subject to full VAT taxation based on the real (market) value of the goods[...]
VAT on Gifts, Discounts and Deals
Gratuitous or partially compensated transactions in Armenia are subject to full VAT taxation based on the real (market) value of the goods[...]
VAT on Gifts, Discounts and Deals
Gratuitous or partially compensated transactions in Armenia are subject to full VAT taxation based on the real (market) value of the goods[...]
New tax credit for mortgage interest
During a meeting on business environment improvement on September 3, 2014, the Prime Minister approved a proposal to amend the[...]
Amendments to the Law on VAT
The Ministry of Finance initiated amendments to the Law on VAT to allow taxpayers to deduct the input VAT even[...]
Tax Liens
On August 28, 2014, the Government approved amendments to the Law on Taxes introducing the concept of tax lien (restriction).[...]
New Anti-Money Laundering Law in Armenia
On June 21 the National Assembly passed a new Law on Money Laundering and Terrorist Financing which provides for mandatory[...]
Elimination of Audit Requirements for Large Companies
The Government of Armenia approved amendments to the law on accounting, which exempt large organizations (defined as those with assets[...]
Elimination of Excise Tax on Imported Cars
The Government of Armenia approved amendments to the law on excise tax, which exempt the import of luxury cars from[...]
Use of Fiscal Stamps in Armenia will be Extended
The National Assembly of Armenia passed a law extending the list of goods the sale or import of which require[...]
Attachment of bank accounts will be streamlined
On February 20th the Government approved a draft amendment to the Law on Taxes regarding attachment of bank accounts by[...]
Law on Funded Pensions held unconstitutional
On April 2, 2014, the Constitutional Court of Armenia held unconstitutional a number of provisions of the Law on Funded[...]
Tax treatment of stock and asset acquisitions
Armenian companies are subject to income (profit) tax and value added tax (VAT). Companies possess a fiscal identity separate from[...]
Company formation laws and agencies
All companies in Armenia must register with the State Registry, which is a special agency under the Ministry of Justice.[...]
Famous foreign trademarks in Armenia
A famous foreign trademark is not afforded protection if it has not been used domestically in Armenia. Such protection is[...]
ADR techniques in trademark disputes
ADR techniques, such as mediation and arbitration, are available in Armenia, although not commonly used. This may be because court[...]
Remedies for trademark infringement in Armenia
The remedies available to a prevailing plaintiff can include monetary damages, injunction against future infringement, erasure of the infringing sign,[...]
Defenses available in Armenia to a charge of trademark infringement
In trademark infringement proceedings in Armenia numerous defenses are available, and depend on the specific facts in question. Generally they[...]
Appeals in trademark litigation in Armenia
There is only one avenue of appeal in civil actions (trademark infringement and dilution) in Armenia, namely from the court[...]
Trademark litigation costs in Armenia
The trademark litigation costs in Armenia vary and depend, among other things, on the appointed counsel and the complexity of[...]
Time frame for trademark infringement action in Armenia
All trademark infringement or dilution proceedings vary in length depending on the workload of the courts, the complexity of the[...]
Obtaining evidence in trademark infringement cases in Armenia
Armenian procedural law does not provide for full discovery, but in pending trademark infringement actions courts may generally order evidence[...]
Trademark infringement outside Armenia
The general rule is that activities that take place outside the country of registration cannot support a charge of infringement[...]
Standing for bringing trademark violation action in Armenia
A trademark infringement action may be brought by the owner of (or applicant for) the infringed trademark. A licensee may[...]
Burden of proof to establish trademark infringement in Armenia
There is a general rule that the plaintiff needs to prove all facts that support his claim, whereas the defendant[...]
Trademark infringement proceedings in Armenia
Court proceedings for trademark infringement in Armenia are typically initiated by filing a written statement of claim with the court[...]
Trademark enforcement proceedings in Armenia
Trademark enforcement and infringement actions in Armenia must be initiated before the courts of general jurisdiction. There are no specialized[...]
Trademark marking in Armenia
Owners of a trademark may use the ® symbol to indicate that the mark concerned has been registered with the[...]
Security interests over trademarks in Armenia
Security interests (collateral rights) over trademarks are recognized by Armenian law. The right conferred by a trademark (or trademark application)[...]
Validity of trademark assignment in Armenia
Assignment of a trademark in Armenia shall be in writing and be registered with the Armenian Intellectual Property Agency (AIPA)[...]
Assignment documentation for Armenian trademarks
Assignments are registered with the Armenian Intellectual Property Agency (AIPA). To register the assignment it is necessary to provide the[...]
Trademark assignment in Armenia
The right conferred by the registration of or application for a trademark may be transferred or assigned to another person[...]
Trademark licenses in Armenia
To be valid and enforceable against third parties a license agreement shall be recorded with the Armenian Intellectual Property Agency[...]
Benefits of trademark registration in Armenia
Registration confers on the owner the exclusive right to use the trademark, to dispose of it and to prevent others[...]
Duration and maintenance of registration of trademarks in Armenia
A trademark registered in Armenia remains in effect for 10 years starting with the date of filing the application. At[...]
Third-party opposition to trademark registration in Armenia
Once a trademark application is accepted, it is published online in the Official Journal ( for a two-month opposition period.[...]
Appealing a denied trademark application in Armenia
If any objections are raised by the Armenian Intellectual Property Agency (AIPA) at examination stage, the applicant will have the[...]
Use of trademark before and after registration in Armenia
Applications can be made either for trademarks that are already in use or for trademarks that are not yet in[...]
Trademark examination procedure in Armenia
Upon application the Armenian Intellectual Property Agency (AIPA) acknowledges receipt of the application detailing the trademark and the applicant’s name.[...]
Trademark classification system in Armenia
When applying for a trademark, the applicant will need to provide a list of the goods and/or services for which[...]
Protection of unregistered trademarks in Armenia
Although it is recommended that trademarks be registered in Armenia, trademark rights may be established without registration through the actual[...]
What may be registered as a trademark in Armenia?
Trademark protection in Armenia is extended to any mark used to distinguish goods and services and that may be graphically[...]
Trademark applications in Armenia
Any natural and legal person may apply for and own trademarks in Armenia, including non for profit organizations. It is[...]
Licensing of Intellectual Property Rights and Technology Transfer under Armenian Law
The importance of an effective and enforceable system of intellectual property laws and institutions has been acknowledged by the Armenian[...]
Armenia Immigration: Visa, Residence & Citizenship
Court System in Armenia
Armenian Court System Armenian judicial system has undergone various reforms in recent years and currently comprises four tiers: First instance[...]