Company Registration in Armenia
Capital: Yerevan.
Official language: Armenian.
Currency: dram.
With its favorable business climate and high investment potential, Armenia is becoming an increasingly attractive state for entrepreneurs.
Advantages of company registration:
- The profit tax for IT companies is only 10%. Low taxes on employee salaries.
- Simplified 3-4 business day registration procedure.
- No minimum capital requirements.
- Low cost of registration.
- Possibility of fully remote business opening and management. No need for founders to be present in person.
- Armenia's membership in the EAEU provides duty-free access to a common market of over 180 million consumers.
Armenia is a small state located in the north of Western Asia.
Armenia seeks to improve the business environment by providing various support and incentive programs. Company registration procedures are becoming simpler, which makes the country attractive for those considering doing business.
Local startups and IT companies are attracting investor attention, which contributes to the development of the high-tech sector and creates opportunities for entrepreneurship in this area.
Taxation and Reporting Features
Corporate Income Tax:
- Standard rate: 18%
- Reduced rate for IT/Intellectual Property: 10%
- Tax incentives for startups: first 3 years if turnover <€100k
VAT:
- Standard rate: 20%
- Reduced rate: 10% (agriculture, pharmaceuticals)
- 5% (education services)
- 0% on export of goods and services
Dividends:
- 5% for Armenia residents
- 5% for non-residents (withholding tax)
Company registration in Armenia is carried out through the State Register of Legal Entities. The approved commercial name by the LLC shareholders must be submitted and authorized through this system.
To register a company, an application signed by the director must be submitted, stating the basic information about the company. It is accompanied by a set of documents, including the articles of association, declaration, copies of passports, and Tax IDs (TIN) of shareholders and directors.
Once the company is incorporated, the registration details will appear in the Armenian State Register. To complete the registration, it is necessary to register with the tax and social security authorities.
At the time of registration, the company must have:
- A Tax Identification Number obtained from the tax office — required not only for taxes but also for opening a bank account.
- Articles of Association certified by the state register or a notary.
- A bank letter confirming sufficient funds on the account to open the company. It must state the company name, its shareholders, and their share of the invested capital.
- A receipt for the payment of 0.2% of the share capital to the regulatory authority.
Public Limited (PLC)
- Limited liability
- Minimum 1 director / 1 shareholder
- Simple business structure
Company Registration in Armenia
Additional information
- Financial reporting: Mandatory annually (Armenian GAAP/IFRS)
- Audit: Mandatory for certain companies
- Annual Return: Within 30 days after the anniversary
- Tax return: Corporate Tax Return to the SRC
- Employer's Return: Required if there are employees
- Registers: Shareholders and directors (mandatory)
- Directors' details Publicly available in the registry
- Shareholders' details Publicly available
- Financial reporting Confidential (not published)
Timeline and Stages
- 01
Preparation of documents and selection of company name
1-2 days - 02
Company name verification in the Armenian Registry
1 day - 03
Submission of documents either online or offline
1 day - 04
Receiving CI and Business Registration certificates
up to 1 week - 05
Establishing a corporate bank account in Armenia
2-4 weeks
Summary
Registering a company in Armenia is an affordable and transparent process that can be done remotely. Favorable tax legislation makes the country attractive for businesses of various scales.
However, before proceeding with company registration, we recommend seeking professional consultation from legal experts at IT-OFFSHORE. You will get up-to-date information on rules and requirements, ensuring a successful registration process and compliance with legislation.
Cost calculation
Add the required options for your company:
FAQ
Can you register a company remotely?
Yes, in most cases — you can.
Remote company registration is available in the vast majority of popular jurisdictions today. Modern corporate services, electronic document management and professional registered agents make it possible to complete the entire registration process without being physically present in the country.
The process typically works as follows: you provide the required documents electronically, sign them remotely — via a notary, apostille or electronic signature — and a local registered agent handles all communication with government authorities and document submission on your behalf.
This has been made possible by several factors: most countries allow foreign founders and directors, corporate service providers operate remotely across the globe, and the digitisation of government registries has significantly streamlined and accelerated the procedures.
The one step that may still require in-person presence is opening a corporate bank account — however, even here many banks and fintech platforms now offer remote identity verification.
What documents are needed for registration?
Registering a company in most jurisdictions requires a standard set of documents. For individuals — founders and directors — the typical requirements include: a certified copy of a passport, proof of residential address (utility bill or bank statement no older than 3 months), and in some cases a bank reference letter or CV.
For corporate shareholders, the required documents include: certificate of incorporation, articles of association, register of directors and shareholders, and confirmation of the ownership structure.
Do I need to keep accounting records and submit reports?
Accounting and reporting requirements vary significantly depending on the jurisdiction. In most countries, companies are required to maintain proper bookkeeping, file annual financial statements and submit tax returns.
At the same time, there are a number of jurisdictions where reporting requirements are minimal or effectively non-existent for non-resident companies. These include, for example, the Marshall Islands, the Cook Islands, Panama, Belize, Seychelles and Vanuatu — in these countries, companies that do not conduct business within the territory of the registration state are generally exempt from mandatory financial reporting and audit requirements.
We provide full company administration services, including preparation and submission of annual reports, liaison with local authorities and ensuring full compliance with all corporate requirements of the jurisdiction.
Is it possible to open a bank account for a company?
Yes, opening a corporate bank account is possible for virtually any jurisdiction, however this process deserves careful attention. Today businesses have two main options: traditional banks and fintech platforms.
Traditional banks offer a full range of financial services, but account opening requirements have become increasingly stringent — KYC procedures, source of funds confirmation, business plans and in some cases in-person presence may be required. Fintech platforms — such as Wise, Airwallex, Revolut Business and others — open accounts significantly faster and remotely, making them a popular solution for international companies at an early stage.
Is it possible to use nominee directors?
Yes, the use of nominee directors and shareholders is a common and legitimate practice in international corporate structuring. A nominee director is formally listed in the company registry but acts exclusively in accordance with the instructions of the beneficial owner, providing an additional layer of privacy.
This service is particularly in demand in jurisdictions where information about directors and shareholders is entered into a public register — for example, in Cyprus, the United Kingdom, Malta and a number of other EU countries. In offshore jurisdictions, nominee services are also widely used to simplify corporate governance and protect ownership structures.
We provide nominee director and shareholder services for any jurisdiction we work with.
