Setting up an LLC in Armenia

Registering a company in Armenia is an excellent decision as there are no requirements for a minimum
charter capital or mandatory presence of residents among shareholders.

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Get a consultation Armenia is a developing country located next to Iran, Azerbaijan, Turkey, and Georgia.
This small country with a unique culture, interesting history, and unusual traditions is attractive to non-
residents due to the simplified procedure for opening new companies and the presence of free economic
zones (FEZ) with preferential tax regimes.

The year 2022 became a record year for the number of registered individual entrepreneurs (IP) and LLCs in
Armenia, mainly thanks to Russians, as well as benefits for IT startups from the RA, which fully exempts
them from profit tax (18%) at least until December 31, 2022, and reduces personal income tax on employee
salaries from 21% to 10%.

One of the most common forms of doing business in Armenia is Limited Liability Company (LLC). Here
are some facts about this form of doing business:

 Armenian and Russian LLCs are very similar

 LLC in Armenia operates on the basis of the Law of the Republic of Armenia of November 21, 2001, No.
ZR-252 "On Limited Liability Companies"
 there is no minimum charter capital for LLC. The charter capital can be set at the discretion of its founders
(or a sole founder). The charter capital must be paid within one year from the date of registration of the
company to the settlement account or cash desk of the legal entity.
 there are no state fees for registering an LLC
 an LLC can be registered in Armenia remotely from Russia or another country, for which a notarized power
of attorney will be required
 a foreign passport is not required to register a company for Russian citizens

To avoid mistakes, our team offers you turnkey LLC registration.

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To register a company, the following information will be required:

01 Scans of the passports of the founders and the company director (first page and page with registration) 02
Information about the company name (we need to check if the name is available) - it's better to provide
several options

ADVANTAGES Starting a business in the Republic of Armenia has several advantages, including:

favorable geographical location actively developing economy stable political climate access to both
European and Asian markets foreign legal/physical entities and Armenian citizens have equal rights in
registering and conducting business minimal requirements for authorized capital possibility of remote
business establishment and account opening Armenian legislation allows creating legal entities without
attracting local capital (100% of authorized capital can belong to foreign legal/physical entities) quick
process of company registration in Armenia existence of more than 40 DTA agreements no restrictions on
FDI and profit repatriation the country offers tax incentives to entrepreneurs in free economic zones
(exemption from income tax, profit tax, property tax, and VAT) Company Registration

Turnkey 60,000 ₽

The package includes:Registration, which includes articles of association, minutes, and power of
attorneyBanking supportTax registration, tax optimization, and access to personal accountLegal address
Trust the professionals

We will help you:

navigate the process correctly provide consultation create a strong foundation gather all necessary
documents guide you through all stages in accordance with the law

I need it.

Find out the exact cost of accounting and tax accounting Employees 1/6 How many staff members do you
have in your company? Sole proprietorship - 1 person. Up to 10 people. From 10 to 25 people. Over 25
people. Taxation 2/6 Your tax system General Simplified Other Transactions 3/6 Number of incoming
transactions per month Up to 33 - 10 10-30 More than 30 Revenue 4/6 Your revenue in dollars per month
Up to $4,000 $4,000 - $20,000 More than $20,000 Type of activity 5/6 Your type of activity IT Consulting
Ecommerce Automotive Business Foreign Economic Activity Other Contact Information (By submitting
the form, you agree to the processing of personal data) 6/6 The calculation is almost ready. Leave your
contact details and we will write to you on Telegram.

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Team Executive Staff

David

CEO An entrepreneur with 10 years of experience in the tech business and an expert in strategic
communications. He has helped over 120 companies and individual entrepreneurs relocate to Armenia.

Julia

Operations Manager Organizes the smooth operation of all processes, oversees client relationships, and
achieves project goals.

Mariam

Chief Accountant Supervises tax planning and support, accounting setup and management. A chief
accountant with 16 years of professional experience, who loves her work sincerely and is sensitive to
clients.

Why friends recommend us 10 years of experience More than 10 years of experience. We have organized
relocation to Armenia for over 120 companies and individual entrepreneurs. Uninterrupted operation We
organize the operation of all processes, oversee client relationships, and achieve project goals. Help with
documents We control and support you at every step, help with the preparation of all documents. No office
rent requirements 100% ownership right for foreign companies Exemption of LLC profits from taxes in
Russia Company registration services without physical presence of founders/directors Agreement on
avoiding double taxation with 49 countries 0% tax for the IT sphere No requirements for annual audit No
restrictions on cashing out money

Benefits of working with us Experienced specialists Modern service level Confidentiality Calculations in a
currency convenient for you Excellent knowledge of legislation and practice High quality of services and
process automation

FAQ Frequently Asked Questions:

Do you have any questions? Get expert consultation! Get consultation

What types of companies can foreign investors register in Armenia in accordance with Armenian
legislation?

Company registration in Armenia is permitted in the following forms:

LLC (Limited Liability Company)

Joint-stock company (closed, open)

Partnership

Individual Entrepreneurship

Branch or Representative Office

What is the preferred organizational and legal form of companies for small businesses?

LLC is the most suitable option for small and medium-sized businesses. It is an enterprise created by one or
several persons with capital divided into ownership shares.

LLC members are not liable for its obligations, but bear the risk of losses associated with the company's
activities within the limits of their contributions.

Founders share profits in accordance with their investment shares. LLC and its founders are taxed
separately. To register an LLC in Armenia, a minimum of one director and one founder of any residency is
required. The minimum paid-up capital is 1 euro.

What documents are required to prepare for company registration in Armenia?

The document package depends on the chosen legal form of your future company, but the standard ones are:

company name

legal address of the enterprise

information about the authorized capital and the size of the members' shares

information about the founders

 Still have questions? Get expert advice! Write on Telegram.

3 reasons to choose us:

For your convenience, our company's lawyers accompany our clients to a notary and government agencies.

To save time, you can send us all the necessary information via email (your personal presence is only
required at the notary's office), but if you prefer, we are happy to meet you at our office.

Over 100 companies and individual entrepreneurs trust us.

What they say about us:

The company has demonstrated its ability to solve problems. They opened a legal account and bank cards
for individuals urgently. Everything was done in one day, and I made it on the flight. Our partnership has
become long-term. We recommend this company to all firms considering company registration and
accounting outsourcing.

 Ilya Karpenkov, CEO at DSML

The company helped to start the process of relocating the business to Armenia. They registered the
company, found an apartment, organized transfers and tours of Armenia for our employees. They react
quickly and are always in touch. We recommend them!

 Anton Vdovichenko, CEO at Nerve.Ai

In one day, I realized that I needed to open an individual entrepreneur (IP) in Armenia and a bank account
to continue working with an American company. As a designer, design is easy for me, but bureaucracy is
difficult. The guys at Relocation2Armenia helped me with finances and preparing all the necessary
documents.

 Militta Nikiforova, IP and game designer

We are satisfied with Relocation2Armenia's services and recommend it to our business partners interested in
company registration, opening accounts, and obtaining bank cards.

 Konstantin Ivanov, Head of Taptima

I had only one week left to apply for an IT certificate. I contacted the guys, and they provided detailed
advice and helped me prepare all the necessary documents for the certificate.

 Alina Mansorova, CEO at Famiry.com

They provided invaluable assistance in tax and accounting consulting. They physically accompanied me to
all government agencies, and as a result, I opened an IP and obtained bank cards.

 Vladimir Zorin, IP and software developer

Need help? Contact us! Leave an application, and a manager will contact you within an hour to discuss the
details. Name: Email Address: Interested in Services:
 LLC or IP registration
 Accounting support
 Residence permit/citizenship
 IT certificate (tax exemption) By submitting the form, you agree to the processing of personal data. Thank
you! Your application has been submitted! An error occurred while submitting the form. Please try again
later. Business registration:
 Opening an IP "turnkey"
 Opening an LLC "turnkey"
 Accounting
 IT certificate
 Residence permit/citizenship Blog 8 800 200 1518 hello@relocation2armenia.com

Details: IP (Armenian) Davit Ovakimyan TIN: 20198839 Address: Armenia, Yerevan, Moskovyan St. 3a,
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