Armenia ranks 47th out of 190 countries in ease of doing business as established by the World Bank. There are no restrictions on foreign investment or ownership, foreign currency exchange or repatriation of profits in the country.

Limited Liability companies are the most frequently used by foreign investors, but they can also opt for a corporation, branches or representative office. Here we will explain briefly about each type of registration.

The Limited Liability Company or LLC has a fairly simple creation process. It requires only one director and one shareholder, who can be of any nationality and need not reside in the jurisdiction. The minimum capital required is EUR 1.

Although all LLCs must submit audited financial statements to the commercial registry, it is one of the main forms of business in Armenia. How they can structure the company and other features is what makes LLCs a favorite among foreign entrepreneurs.

Limited Liability companies are mostly used by investors who wish to trade shares on the stock exchange. To complete the company, you need a director, at least one shareholder and the minimum capital is 1 EUR. Annual audited financial statements must be submitted.

Can branches be established in Armenia?

Yes, branches are another legal form in high demand in Armenia and can be 100% foreign owned. The operations and scope of the entity will be defined by the parent company.

Each branch office must have a registered office in the country and the appointed manager must have a power of attorney for the branch office on behalf of the company, so that its full management can be done in a legal manner. This consolidation is far-reaching because it is allowed to perform all necessary business functions and activities on behalf of the parent company.

If you want to register an entity in Armenia, Foster Swiss can advise you. We help you with practically everything: we provide advice from the moment you choose a corporate structure for your company up to one year after incorporation. And of course we take over the whole process for you.

For more information on this topic or any other requirement related to our services, please contact us directly at info@fosterswiss.com