Company Registration in Armenia: Establishing a Limited Liability Company. Service offer

Characteristics of the jurisdiction. Structure and registration. Time frame. Basic information required for registration of a new or purchase of a ready-made company. Taxes and accounts. Fees.

Characteristics of the jurisdiction

Quick company registration without having to visit the country – up to two weeks

Simplified procedure involving a local professional director

Simplified procedure for obtaining a work permit for the Director

A company with full substance and a bank account in one country

Operations arranged in the familiar “turnkey” mode

Structure and registration

An LLC has ONLY 1 director and at least 1 founder.

The Director and Founder can be either an individual or a legal entity.

A foreign Director of the company may require a work permit or a Temporary / Permanent Resident Card (depending on whether the company is registered with the foreign capital, country of citizenship of company’s founder and director).

To facilitate the process, the local company registration agent recommends having a link to the country of registration and thus appointing a local resident as director to fully meet the expectations of local banks.

After the successful opening of an account, company members can be changed.

Time frame

Registration of a company takes 10 - 14 working days.

Basic information required for registration of a new or purchase of a ready-made company

for registration of a new company: several names to be checked for availability. The name check takes 24 hours from the receipt of the request;

notarized copies of ID and documents proving resident address of directors / founders;

notarized power of attorney for a representative in Armenia enabling him to freely interact with government authorities and the bank;

notarized resolution to establish an LLC and appoint a director;

signed Articles of the company (the document will be provided after the necessary changes are agreed);

The above documents will need to be sent to Yerevan in original for further translation into Armenian and notarization.

The cost of translation depends on the volume of documents and will be calculated once the documents are available.

detailed description of the company’s business activities;

details of the geography (countries) of business;

occupation of directors / shareholders / attorneys / beneficial owners;

source of funds for doing business;

identity verification can be performed during a visit to our company’s office or via a video call.

Depending on the country of citizenship of prospective Director and Shareholder, a different list of documents and information will be discussed separately with your GSL consultant.

Taxes and accounts

The Republic of Armenia offers tax benefits for local businesses. Companies can choose their tax regime within 20 days of the incorporation.

Micro businesses – meaning companies with a total profit of up to USD 50 000 per year – are exempt from corporate income tax and VAT registration.

The corporate income tax rate under the simplified tax regime is 5% of total turnover during one financial year, provided that the company’s annual sales do not exceed approximately USD 240 000. Such companies are exempt from VAT registration.

Depending on the company’s business activity, the turnover tax under the simplified regime may have different key rates: 1.5%, 3.5%, 5%, 6%, 10%, 20%, and 25%. To apply the simplified regime, you must meet certain criteria.

We recommend conducting a preliminary analysis and seeking advice from a tax specialist before choosing the tax regime.

Companies that do not comply with these restrictions are subject to the standard corporate income tax rate of 18%. Accounts are submitted quarterly.

You will be provided with a turnkey offer for accounting services, preparation of accounts and interaction with local tax authorities.

VAT

The standard VAT rate is 20%.

VAT returns are submitted monthly.

Compliance fee

It is payable in the cases of incorporation of a company, renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director/shareholder/beneficial owner, except the change to a nominee director / shareholder, and signing of documents.

Fees*

Services	Fees (USD)
Company registration - Registration of an LLC; - Payment of government fee; - Making a full package of documents + seal; - Support of the procedure by the attorney	1 950
Registered office address for 1 year	1 100
Opening a local bank account	2 500
Professional director: Minimum wage existing at the time of hire Nominee services	from 170 per month 250 per month
Preparation and submission of accounts Accounting services	upon request
Compliance fee Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents.	350 (standard rate, includes the check of 1 individual) + 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual), 100 (signing of documents)

*The fees are valid as of March 2025. The prices do not include 20% VAT.
A full calculation can be made after a precise order is placed and all options required for registering a company in each case are assessed.
Please check with the consultants of GSL Law & Consulting.

Are you interested in the offer?

USD 1 950

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