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How do I start an LLC in Armenia?

How do I start an LLC in Armenia?

The Armenia LLC requires only 1 director and 1 shareholder of any nationality for incorporation process to be complete. The minimum paid-up capital required is €1; All LLCs must submit annual audited financial statements to the commercial registry.

Can a foreigner start a business in Armenia?

Nationality restrictions do not exist, nor is there a need for a local shareholder. Furthermore, the considerable network of Double Tax Treaties with 41 countries, as well as the Free Trade Agreements, gives Armenia a large market to work with.

Which business is best in Armenia?

IT Industry is the most profitable and stable growing industry in Armenia. We are confident that the first direction that needs to be taken into account is the IT sector, and this has a number of solid reasons.

How do I register a company in Armenia?

Registration of companies is carried out electronically through the State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia (https://www.e-register.am/en/) following a one-stop shop principle and includes registration of the firm name, state registration of the company itself and …

How do I get tin in Armenia?

Natural persons can obtain Tax Identification Number /TIN/ in…

  1. TIN issuance application of a physical person in the form and manner approved by the tax authority.
  2. A copy of passport or identity card.

How can I get Armenian visa from India?

Indian nationals can get an e-visa with a maximum validity of 120 days (extendable by another 60 days) by applying online at https://evisa.mfa.am/. Armenia issues visas valid for 21 or 120 days, extendable by another 60 days. For longer stays residence permits are issued.

Is Armenia a good place to start a business?

With online business registration, e-governance, e-taxation and accounting methods, Armenia is ranked among the best places in Europe to start a business. The whole of Yerevan, and indeed most of Armenia is covered by high-speed, fibre wire Internet.

How do I become a resident of Armenia?

– is an Armenian national. Permanent Resident Card is issued with five-year validity period. It can be extended with five more years. To extend the Permanent Resident Card, the applicant must apply at least 30 days before the expiration of the card….Temporary and Permanent Residency in Armenia.

Service Fee
3 Permanent resident card (5 years) 90,000 AMD

What is tin in Armenia?

Taxpayer Identification Number (TIN)

Does Armenia have tin?

Individuals can obtain TIN. On 27 April 2017 the Government of the Republic of Armenia has passed N 430-N decision to determine tax registration regulations for individuals /being non-individual entrepreneurs IE/ to obtain TIN.

Can Indian go to Armenia?

Fully vaccinated visitors from India can enter Armenia without restrictions. Unvaccinated visitors from India can enter Armenia with a negative COVID-19 test result.

Is Armenia visa free for Indian?

Armenia visa for citizens of India is required. For more information please contact the nearest Armenia embassy.