Password Recovery

Please enter your email address in the field below and will we email your password to you.

Close

LOGIN/REGISTER USING YOUR FACEBOOK ACCOUNT

LOGIN USING YOUR GIG ACCOUNT DETAILS

Lost your password?

NOT A MEMBER? REGISTER!

A LOWTAX NETWORK INTERNATIONAL BUSINESS SMART TOOL
HOME ABOUT ONLINE GIG TOOL JURISDICTION INFORMATION PROVIDERS NEWS ARTICLES & FEATURES

Armenia

Armenia Flag

Country: Armenia
Region: Europe
Currency: Armenian dram (AMD)
Languages: Armenian
Time Zone: UTC +4

Phone Code: +374

Communications: Good

Formation Cost: 700 - 1100 USD$
Formation Time: 3 - 7 days
Maintenance cost: 0 USD$

Executive Summary: Armenia is located in South West Asia, between Azerbaijan to the east, and Turkey to the west. With a land area of just under 30,000 sq km, it is one of the smallest ex-Soviet states. The population of just over 3m is mainly Armenian, with the rest made up of Russian and Kurdish minorities. Armenia developed a large industrial base during the Soviet era, but the economy is now based more on small-scale agriculture. Economic growth was 7.2% in 2012, but the Armenian economy is dependent to a large extent on Russia, with trade links to Turkey and neighbouring Georgia shut off as a result of regional conflict. The government has made considerable improvements to tax and customs administration in recent years, but corruption remains a problem. Profits from agricultural production are exempt from tax, and substantial income tax breaks exist for certain foreign-invested firms, although the latter scheme has since closed to new investors.

Suitable for: Aviation, Trading Goods, Intellectual Property/Licensing, Property Ownership
Show suitability stats

Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
Hide suitability stats

Vehicle Types: Limited liability companies, joint stock corporations, branches, sole proprietors, general partnerships and limited partnerships

Capital primary business districts: Yerevan

Good Relationships: Austria, Belgium, Bulgaria, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Pakistan, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Turkey, United Kingdom

Bad Relationships: Burma, Libya, Somalia, Sudan

Tax Burden - Business: Light

Tax Burden - Individual: Moderate

Headline tax rates: CIT 10%-20%, PIT 24.4%-36%, VAT 20%

Treaty Jurisdictions: Austria, Belarus, Belgium, Bulgaria, Canada, China, Croatia, Czech Republic, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, India, Iran, Ireland, Italy, Kazakhstan, Latvia, Lebanon, Lithuania, Luxembourg, Moldova, Netherlands, Poland, Qatar, Romania, Russia, Slovenia, Spain, Switzerland, Syria, Thailand, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom

TIEA Jurisdictions: Argentina

Information Links:

 

 

 

SHARE

Share on FacebookTwitter
linkedin share buttonstumbleDeliciousEmail

FOLLOW

FacebookTwitterGoogle+LinkedInTechnorati

Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

All rights reserved. © Wolters Kluwer TAA Limited