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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.

Карта Armenia

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 Requirements

If your company purchases goods in one country and sells them in another without importing them into Armenia, it is exempt from VAT and is subject only to corporate income tax.

  • Corporate tax: Turnover less than 200,000 EUR per year: simplified rate - 5%.
  • Corporate tax: Turnover over 200,000 EUR per year: standard rate - 20%.
  • Corporate tax: IT companies have a reduced rate of 10%.
  • Value added tax (VAT). The base VAT rate in Armenia is 20%. There are also reduced VAT rates - 10% and 0%.

Company registration

Registration time: 3-4 business days.

The standard registration package includes company registration, providing a legal address for one year, obtaining a tax ID and making a company seal.

Additional services: Opening an account with Armbusiness Bank; For ease of doing business, opening a bank account in Armenia can be done remotely.

To register a company remotely in Armenia, you will need to provide:

  • Apostilled copies of international passports for each director/founder.
  • Three proposed company names.
  • Choice of legal entity. Limited liability companies (LLCs) are most common in Armenia.

How to quickly register a company in Armenia:

To quickly register an LLC in Armenia, contact the IT-OFFSHORE specialists. Our service cost includes:

  • Preparation of documents (collection, filling out, notarization, etc.).
  • Company registration.
  • Payment of all state fees.
  • Services of a registration agent for 1 year with the possibility of extension.
  • Translator services.
  • Delivery of registration documents to any address.

Opening an account with a local bank, accounting services are paid additionally. The term for opening an account is 5-7 business days, powers of attorney can be used to simplify the process.



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.

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