company setup, legal structuring and ongoing compliance support
Company Formation in Armenia
Why Armenia?
Armenia is an emerging business jurisdiction in the Caucasus region. It offers:
Key advantages of Armenia:
- Stable legal framework influenced by civil and commercial law
- Competitive tax environment for local and foreign-owned companies
- Strategic location between Europe and Asia
- Access to CIS markets and convenient banking options
- Simplified registration process with low administrative barriers
Key advantages of Armenia:
- Fast and straightforward company registration
- 18% corporate income tax rate (flat)
- Flexible corporate governance and ownership structure
- No restriction on foreign shareholders or directors
- Modern electronic company registry
Key Facts About Armenia
- Legal system: Civil law system
- Corporate income tax: 18% flat
- VAT: 20% standard rate, exemptions for specific sectors
- Currency: Armenian Dram (AMD)
- Double Tax Treaties: Agreements with 46+ countries
- Minimum capital requirement: None for most companies
Types of Companies in Armenia
Limited Liability Company (LLC)
Limited Liability Company (LLC)
Overview:
- The most common type of company in Armenia, used by both local and foreign entrepreneurs.
- Combines limited liability for shareholders with a relatively simple management structure.
- Popular for SMEs, trading, IT, consulting, and service companies.
- Shareholders: 1–50 individuals or legal entities
- Directors: Minimum 1 director (individual or corporate)
- Ownership: 100% foreign ownership allowed
- Registered Office: Mandatory in Armenia
- Capital Requirements: No minimum capital for most activities
- Governance: Flexible internal management; decisions made per charter or shareholder agreements
- Limited liability protects personal assets
- Simple annual reporting and tax compliance
- Easy to open bank accounts locally or internationally
- Suitable for companies with both domestic and international operations
Joint Stock Company (JSC)
Joint Stock Company (JSC)
Overview:
- Designed for larger companies or those seeking external investment.
- Often used for investment projects, holding structures, or companies planning to raise capital.
- Shareholders: No limit on the number; can issue shares publicly or privately
- Directors: Minimum 1, can be individual or corporate
- Ownership: Foreigners can fully own a JSC
- Capital Requirements: Higher than LLC; minimum charter capital usually required
- Governance: Structured board of directors and general meeting of shareholders
- Reporting: Mandatory audited financial statements for all JSCs
- Attractive for investors and joint ventures
- Shares can be transferred or sold to raise capital
- Suitable for holding or investment companies
- Higher credibility with banks and international partners
Individual Entrepreneur (IE)
Individual Entrepreneur (IE)
Overview:
- Simplified form of registration for freelancers, sole proprietors, or micro-businesses.
- Does not provide limited liability, so personal assets are at risk in case of business liabilities.
- Owner: Single individual
- Management: Managed directly by the owner
- Registration: Simple and fast with lower administrative burden
- Taxation: Personal income tax applied to profits
- Reporting: Minimal reporting compared to LLC or JSC
- Low cost and quick registration
- Ideal for freelancers, consultants, or micro-businesses
- Minimal compliance obligations
We create global legal solutions
How It Works
Initial consultation and structure selection
Company name check and reservation
Due diligence and compliance review
Preparation of incorporation documents
Company registration with the registry
Delivery of corporate documents
Required Documents
From the client:
- Passport copy
- Proof of residential address
- Brief business description
- Source of funds information (if required)
Prepared as part of the service:
- Memorandum and Articles of Association
- Incorporation certificates
- Corporate resolutions
Taxation and Compliance
Corporate tax: 18% flat
VAT: 20% standard, with some exemptions
Annual reporting required to the State Revenue Committee
Mandatory bookkeeping and accounting records
Audit required only for larger companies or specific sectors
VAT: 20% standard, with some exemptions
Annual reporting required to the State Revenue Committee
Mandatory bookkeeping and accounting records
Audit required only for larger companies or specific sectors
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Bank Account Opening
Armenian companies can apply for:
- Local bank accounts with Armenian banks for day-to-day operations
- International accounts with foreign banks (Europe, CIS, or Asia)
- Payment institutions and EMI solutions for cross-border transactions
- Business activity and operational model
- Ownership structure and management transparency
- Countries of operation and counterparties
- Provision of economic substance evidence, e.g., contracts, invoices, office or employee presence
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Please pay attention:
Bank account opening is subject to independent bank approval and cannot be guaranteed.
Some international banks may have additional requirements for Armenian entities, particularly for foreign owners or high-risk jurisdictions.
Bank account opening is subject to independent bank approval and cannot be guaranteed.
Some international banks may have additional requirements for Armenian entities, particularly for foreign owners or high-risk jurisdictions.
We create global legal solutions
Pricing
Company registration
1890 USD
Annual maintainance
1690 USD
Corporate documents issuance
Free
Apostille services
from 150 USD
Extract from the registry
From 85 USD
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Frequently Asked Questions (FAQ)
Company registration in Armenia typically takes 3–5 business days from submission of all required documents. The timeline may vary slightly depending on the type of company and the completeness of documentation. Remote registration is also possible, which can streamline the process for foreign investors.
Yes. Armenia allows full foreign ownership for LLCs, JSCs, and other corporate forms. There are no restrictions on nationality for shareholders or directors. However, some regulated sectors (like banking or finance) may require additional licenses or approvals.
Audits are generally required only for larger companies or entities operating in regulated sectors. Small and medium-sized businesses that meet certain revenue thresholds may not be required to conduct an annual audit, but proper bookkeeping and reporting are always mandatory.
Yes. Armenian companies can operate internationally, provided that business activities, profit sources, and contractual arrangements are properly structured. International operations may require compliance with foreign regulations, including banking KYC, VAT, and reporting requirements in other jurisdictions.
Yes. Armenia allows remote company formation, making it convenient for foreign investors. Required documents can be submitted electronically, notarized remotely, and processed by local service providers. This includes incorporation, registration with tax authorities, and obtaining necessary corporate documents.
Ready to Register a Company in Armenia?
Get professional support with company formation and ongoing compliance in the Armenia.
Why MyFirm Global?
- Experience with international corporate structures
- Multi-jurisdictional approach
- Focus on compliance and long-term support
- Assistance beyond incorporation
