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Armenia's Ministry of Justice is considering cutting the time required to get Armenian citizenship from 6 months to 3 months.[...]

Hakob Arshakyan, High-Tech Industry Minister of Armenia, remarked that there is a need to regulate and promote space activities in[...]

The new implemented amendments refer to Armenia business sector outside of Yerevan, the capital of Armenia. According to the new[...]

Armenian citizens will be exempted from entry visas to Serbia. In addition, the Serbian government approved the decision to open[...]

The Ambassador of Georgia to Brazil, David Solomonia, opened a Georgian consulate in the Brazilian city of Sao Paulo on[...]

The Real Estate Development Company Redco and the Bank of Georgia announced a joint operation relating to Georgia real estate.[...]

The Ease of Doing Business rating, being published by the World Bank since 2003, ranked Georgia 7th in regards of[...]

On September 1, 2019, the compressed law regarding Labor Safety in Georgia got into force. The law refers not only[...]

WCIT2019 tech conference taken place in Yerevan, Armenia brought many developments to the country. Digitain, a gaming software company, is[...]

2019 is going to be distinctive due to developing business relations between Armenia and India.On the one hand, Armen Sarkissian,[...]

Assuring that the members of the parliament would not benefit from the passed amendment themselves, Armenia's Parliament voted for the[...]

It has become a challenging task to come to Armenia and get Armenian passport for Lebanese, Syrian, and Iraqi nationals[...]

Picture from schengenvisainfo.com The Foreign Ministry of Armenia formed an inter-department delegation under the head of Deputy Chief of Police[...]

Picture from dreamview.net According to the National Statistical Committee of Armenia, the country hosted 770,055 tourists during the period of[...]

Picture from CCIS-Expertise Tigran Khachatryan, Armenia's Minister of Economy and his Kyrgyz counterpart, Sanjar Muakanbetov signed the "Agreement on Excluding[...]

Picture from NICEPNG The new law regarding IT tax privileges in Armenia has given new opportunities for startups, and approximately[...]

A Grant Thornton’s recent analysis (read the full publication here) of the real estate market in Armenia was released in[...]

Picture from Photodune According to Nikol Pashinyan, Armenia’s Prime Minister, in the first quarter of 2019, the spending of the[...]

Picture from Pro Bono Australia In the Global Innovation Index ranking for 2019 released by the World Intellectual Property Organization[...]

Picture from Crossed Flag Pins According to the Georgian Public Broadcaster, visa travel for diplomatic and service passport holders will[...]

Picture from danspapers.com 46,789 transactions for state registration of the right to the immovable property took place in Armenia in[...]

Picture from yerevan.am Some developments are noticed in Armenian tourism industry. Nikol Pashinyan, Armenian Prime Minister, announced that the number[...]

Picture from armedia.am Armenia-China Relations are improving. During the Cabinet meeting on July 11, 2019, the Armenian Government approved the[...]

In the first half of 2019, some significant changes were reported in the Armenian economy. The GDP growth rate of[...]

Picture from Georgian Holidays The Georgian National Tourism Administration has reported that Georgia saw an 8.4 per cent increase in[...]

Voice of America reported that the number of US citizens who have Armenian origins and who seek to obtain Armenian[...]

Nikol Pashinyan, the Prime Minister of Armenia, reported during a government meeting that it has been since the beginning of[...]

Georgia has relatively good economic stability, rating, and high quality of business regulations. These are measures that have been taken[...]

The Armenian government supported the lawmakers’ proposal on the rise of the minimum salary in Armenia from the present AMD[...]

Based on the Central Bank of Armenia (CBA) annual Inflation report, Artur Javadyan, the Chairman of the CBA, stated that[...]

Henley Passport Index ranked Armenian passport 84th in the third quarter of 2019. Citizens of Armenia currently can visit 60[...]

Tax Rates Armenia will switch to a flat income tax rate starting from January 1, 2020. The adoption of the[...]

Picture from Texas ProtaxAccording to Arman Poghosyan, Deputy Minister of Finance of Armenia, an agreement eliminating double taxation between the[...]

On March 29, 2019, the Armenian Government (Cabinet of Ministers) resolved to reduce the government fees for temporary (one-year) and[...]

Armenia’s tech sector has been a driving force in the economy, representing close to 7% of the country’s GDP output[...]

The picture from Arka.am According to the report of the National Statistical Service, there was a growth in tourist arrivals[...]

The picture from Financial TribuneAccording the Minister of Economy of RA, Tigran Khachatrian, Iran is expected to sign an interimagreement[...]

The picture from SEJ According to the head of Armenia’s State Real Estate Cadastre Committee, Sarkhat Petrosyan, the agency has[...]

  The amendments to the RA law on “Lotteries” were approved by the Armenian National Parliament. Starting from 2020, the[...]

According to National Statistics Office of Georgia, Subsistence Minimum for an average employee in Georgia has increased to 185 GEL[...]

During the meeting on May 23, the Government adopted the draft law on the approval of the proposal to sign[...]

The estimated real Gross Domestic Product (GDP) growth rate in March 2019 equaled 6.0 percent y/y compared to the results[...]

According to the National Statistics Office of Georgia (GeoStat) report of March 2019, there is market slowdown in construction and[...]

The Armenian Passport Ranking is Improving/Increasing According to the Armenian Deputy Foreign Minister Grigor Hovhannisyan, the Armenian passport ranking is[...]

Tax Breaks Given to Armenian IT Startups On the 23rd of April, the Armenian Parliament has passed a set of[...]

The Ambassador Assures that Armenia can Host up to 1.5 Million Russian Tourists Annually According to the Armenian Ambassador to[...]

Double Taxation Agreement between Georgia and Saudi Arabia Came into Force on 1st of April, 2019​ A double taxation avoidance[...]

272 IT companies registered in Armenia in 2017​ According to the Deputy Minister of Transport, IT and Communication, Gegham Vardanyan,[...]

Georgian Passport improved it’s rank in Global Index Rating According to 2019 Global Rating of Henley & Partners, Georgian passport[...]

According to the Prime Minister of Georgia, Mamuka Bakhtadze, Georgian embassies will be opened in the United Arab Emirates and[...]

Promise to Facilitate the Acquisition of Dual Citizenship to Georgian Immigrants Georgian immigrants living abroad still have problems obtaining Georgian[...]

Areshidze Explained Why Citizens of Iran and India are often not Allowed to Enter and Visit Georgia Political analyst Mamuka[...]

EDI deputy minister of Armenia meets with Indian businessmen Deputy Minister of Economic Development and Investments of RA, Avag Avanesyan[...]

Yerevan Ranked 6th among World's 25 Up-and-Coming Startup CitiesAccording to a report by Valuer, a Danish matchmaking tool for startups[...]

Georgia and Fiji Sign a Visa-Free Travel Agreement According to the report of the Embassy of Georgia in Australia, Georgia[...]

Minimum Consumer Basket in Armenia Increased by 6.4%According to the National Statistical Committee the cost of the minimum consumer basket[...]

Georgia reached lowest unemployment rate reached for the last 15 years The annual unemployment rate in Georgia equaled 12.7% in[...]

Georgia Rankings by WJP - 41 Out of 126 Countries on Rule of Law  The World Justice Project (WJP) released the WJP[...]

EU-Armenia trade turnover increased by 19% European Union - Armenia trade turnover recorded a considerable growth last year, comprising to[...]

Ukrainian and Georgian citizens travel by ID cards to either country Starting from March 1, the initiative of Georgian and[...]

The Growth of  Armenian Economy will be 4.5% in 2019 - IMF Forecast In 2019, the growth of Armenian economy[...]

According to the Cadastre Committee, about 16,270 real estate transactions were registered in Armenia in April 2019. The result is[...]

The Most Sought-After Properties are in Kentron, Davitashen and Arabkir Districts of Yerevan The prices of Armenian properties, especially in[...]

Apartments in Yerevan Grew in Value by 7.2% in 2018 The average market price of one square meter of living[...]

In 2018, Armenia's Economy Grew by 5.2% Armenian economic growth in 2018 was at 5.2%. According to preliminary data of the[...]

IMF Expects Armenian Economy to Grow by 4,5% in 2019 According to Reuters, Armenia’s economic growth forecast by the International[...]

Yerevan Offers the Highest Quality of Living in the Region According to a study conducted by Mercer, Yerevan was ranked 170th in[...]

The Number of Property Transactions Grew by 15% in March 2019. Prices Continue to Rise According to the official statistics, 15,213[...]

Eurasian Development Bank (EDB) predicts 5.3% economic growth in Armenia for 2019. Andrey Petrosyan, Head of the Center for Integrated[...]

More Than 1,000 Applicants for Georgia Visa/Residency Used Fraudulent DocumentsThe State Security Service (SSS) of Georgia identified up to 1,200[...]

Real Estate Market Highlights for Q4 The statistics of real estate market for Q4 2018 shows that Sale Price Index[...]

Buying Property in Tbilisi Suburbs More and more dwellers of Tbilisi move from the center of the city to the[...]

Minimum Salary & Business Turnover Requirements to Be Introduced for Work Residence Permit in Georgia Under current regulations a foreign[...]

Minimum Investment for Investor Residence Permit in Georgia to Be Raised to US$300,000 from US$112,000 Under current regulations, a foreign[...]

Minimum Investment for Property Owner Residence Permit in Georgia to Be Raised to US$100,000 from US$35,000 Under current regulations, a[...]

Visa free visit to Armenia for Hong Kong passport holders The Government of Armenia has made a decision to establish[...]

Georgia Ranked 51st in Henley Passport IndexGeorgian passport is ranked 51st place in Henley Passport Index, a ranking of all[...]

Radical Changes in Residence Permit Rules Expected in Georgia. Changes to the Law on Legal Status of Aliens and Stateless[...]

Record Number of Visitors to Georgia in 2018Georgia has achieved another record in tourism industry. In 2018, international visitors crossed[...]

Georgia Ranked Highest in the Region by Global IndexesRanking (2018)ArmeniaAzerbaijanGeorgiaTurkeyDoing Business47/19057/1906/19060/190European Chamber39/4645/4618/4638/46Global Competitiveness68/14069/14066/14061/140Open Budget Index N/A76/1155/11532/115Human Freedom Index54/159128/15940/15984/159Global Law and Order [...]

Tax Rates CIT and PIT Rates to Be Reduced in Armenia According to the proposed amendments, Armenia will shift to[...]

Georgia Visits by Iranian Nationals: Problems & Statistics On December 10, 2018, the Foreign Ministry of Iran advised Iranian citizens[...]

Thailand Offers 15-Day on Arrival Visas to Georgian Nationals Visa on arrival will be available to Georgian citizens traveling to[...]

India to Get 10 New Georgian Visa Centers Ten new Georgia visa centers will be opened in Indian cities, according[...]

Two Applications for Obtaining Moldovan Citizenship by Investments Two applications were submitted after two months of the official launch of[...]

Georgia Will Soon Allow Dual CitizenshipGeorgian citizenship will not be terminated in case of acquiring a second citizenship.In September 2018,[...]

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

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

Armenia’s Hospitality Ranking Is the Highest in the Region Passport Index has rated countries on hospitality, based on the number[...]

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[...]