Examining the conditions of company registration in Armenia

Registering a company in Armenia brings high prestige and it should be said that they have little tax and by registering a company in Armenia, you can get permanent residence in this country for yourself and your family. Those who have good financial ability can apply for this, although it should be kept in mind that registering a company in Armenia will not cost that much. In recent years, according to the obtained statistics, many immigrants travel to this country for the purpose of studying and living, and it can be said that it will be considered a good destination for living abroad. In the last few years, the GDP in Armenia has grown a lot, which has made many investors appreciate it because of the country's strong economy and its openness.

In the following, you will be more familiar with the conditions of company registration in this country.

Reasons for company registration in Armenia

Company registration in Armenia can be done in one day, and you can do all the legal work to establish your business within one to three days by doing legal work or by having a remote attorney.

Setting up a bank account for registration will be completed in one day, and people with a tax ID card can receive a registration certificate and start doing their work and business.

– In order to register a company in Armenia, you will not even need a minimum capital and you can start your business even with one dollar.

– It is not necessary to pay any government fees to renew or register a company, and inactive companies will not need to pay taxes and tax returns.

People who are thinking of registering a company outside of Armenia do not need any local representative or partner and all employees, investors and managers can be foreigners.

Insurance or pension payments in companies established in Armenia do not need to pay taxes, and all banking secrets of the companies will be protected by law, and their disclosure will be considered a crime.

– Due to having a very legal banking system, the security of money laundering will be fully investigated.

Also, you will be very needy to find an educated and skilled workforce to register the company in this country.

– Armenia has free trade agreements with countries that are members of the Soviet Union, as well as with countries such as Japan; Switzerland, Canada and Norway have common interests and benefit from it.

Banking advantages of company registration in Armenia

Company registration in Armenia has a specific structure for summarizing registration costs

They act very responsibly in customer service

They have international money transfer services

They have private banking

They have an account service for gold

They have long-term and short-term deposit funds

They have easy services for online or mobile banking and easy to use bank cards.

Types of companies in Armenia

Company registration in this country, which is one of the ways to immigrate to Armenia, can be done in different ways.

Some of them are:

Companies with special shares:

These companies are considered a type of commercial company that has a certain number of shares.

They include all the obligations of the shareholders towards the company, who are not responsible for their obligations, but will share in the losses of the company.

In the company registration in Armenia, limited liability companies:

which is established by one or more investors and the founders share the profits according to the amount of their capital.

Closed joint stock companies:

in which shares are distributed among predetermined individuals or founders.

This type of company will not have more than 49 shareholders and according to the law, it can create different sub-groups and branches.

Companies with open shares:

They can share their shares freely and the number of shareholders is not limited.

Companies with limited partnership:

It will be formed by one or more participants and have two types of partners, general partner and limited partner, where the limited partner only has the right to interfere in the company to the extent of their shares, but the general partner will have the right to manage the company.

– Company with commercial partnership:

It will be established by an association or two or more people or organizations who manage a profitable business as owners.

Legal procedures for company registration in Armenia

In order to register a company in Armenia, legal measures must be taken.

Below are the steps:

In the first step, the company forms must be completed.

– At this stage, the subsidiary company and its branches and agencies should be determined.

– Identified non-profit organizations.

– Completed the registration and submitted all the documents.

Choose a name for the desired company.

Determine the address of the company.

Identify all managers and shareholders.

– He opened a specific bank account for the desired company.

– To obtain the necessary permits to register the company in this country.