IT company in Armenia, tax-free jurisdiction for IT companies

IT company in Armenia, tax-free jurisdiction for IT companies

The development of IT-related business in Armenia allows entrepreneurs to enter a new market. The IT sector is constantly growing in the country, which contributes to the attention of investors. You can get acquainted with the peculiarities of opening a business in Armenia from our specialists in IT - OFFSHORE.

Advantages of opening a company

One of the leading directions in opening a business is software development. Local institutions in the jurisdiction and experts develop various IT solutions and programs for international organizations. Thanks to this, the country has favorable conditions for entrepreneurship development.

Currently, there are more than 400 companies operating in the country, which are developing in the direction of modern technologies, and their number is constantly growing. Due to the quality of services in this direction, Armenia is becoming an attractive jurisdiction for many well-known companies selling software.

The development of technological direction creates good conditions for business, and it is not necessary to have an office in the country. The jurisdiction creates favorable conditions for programmers. There are other advantages of doing business in this country:

  • There are a lot of qualified employees in the labor market;
  • Quality education;
  • Relatively small expenses for the development of the company;
  • Provision of tax breaks. 

Doing business becomes simpler due to the fact that the country has a lot of software developers who use modern technologies in their work. In addition, quality education is provided, so that most programmers have the skills to develop new solutions. IT direction is perspective due to continuous development of technical base.

Nuances of business development

Information technology companies receive tax breaks and have low operating costs, which has a positive impact on the organization's profits. The country offers optimal working conditions.

The IT industry is one of the fastest growing in Armenia. This is due to the high level of specialists and the number of companies. Universities of jurisdiction offer programs designed to train specialists. The main specialization of IT organizations is software. The companies offer program development, programming, integration, and creation of multimedia programs.

New companies can receive benefits - 0% profit tax and 10% income taxes. At the same time, there are some requirements for companies - the number of employees should not exceed 30, the organization should not be created because of the reorganization.

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