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Business in Armenia

20 декабря 2021 508

In order to open a business in Armenia, it is necessary to follow the procedures specified by the legislation. This will help avoid problems with the law and make everything so that the business can prosper in the future. The following steps should be taken: 3 names of the future company must be indicated, and all relevant documents must be protected and verified. The documents should indicate: the composition of shareholders, the identity of the director of the enterprise and the type of activity of the company. Together with this form, it is imperative to indicate who exactly this company will be founded. It can be either an individual or a legal entity. Among the documents that must be attached to the first form are certified photocopies of passports of executives, directors and shareholders, sample signatures, registration certificate and company charter. If a business is going to be opened by a foreign investor, he can draw up an agreement on the transfer of powers. After the company is registered in the local register and bank accounts are opened, the company can be considered almost open. It is also important to decide whether the authorized capital of the company will be negotiated or not, if yes, then it must be paid immediately. It is advisable to provide all documents in advance for their translation into Armenian. When choosing a legal address, you can choose any, however, the tax office sometimes confirms the presence of an official for a legal entity, therefore it is recommended to create a "virtual office", it will allow you to be anywhere, as well as pay only for those services that are needed. Requirements for a citizen for starting a business in Armenia There are no specific requirements for a citizen who wants to create his own enterprise: Any person can found a business in Armenia, no matter what nationality or place of residence. A shareholder can be an individual or a legal entity. The company must have a legal address As in any other country, there are high risks of opening a new enterprise. In Armenia, for example, business is monopolized by big business. 96% of all products that are exported are produced by large businesses, so small and medium-sized businesses suffer serious losses. The Armenian economy is unable to cope with this problem, so it is sometimes almost impossible for small business to survive in such competition. One should think about whether the registration of a business in Armenia is justified, is there an opportunity to overcome other enterprises?
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Some useful tips for registering a company in Armenia In Armenia, you can open accounts in any currency, but it is recommended to open accounts in the local currency. In this regard, doing business in Armenia is simplified. It is necessary to take into account the peculiarities of business in Armenia. For example, you should use the services of an experienced accountant, because incorrectly drawn up reports, or their delay can lead to fines and losses. It often happens that an accountant can keep his own accounting department, in order to avoid this, you should study well the personnel with whom you will have to work.
Some useful tips for registering a company in Armenia In Armenia, you can open accounts in any currency, but it is recommended to open accounts in the local currency. In this regard, doing business in Armenia is simplified. It is necessary to take into account the peculiarities of business in Armenia. For example, you should use the services of an experienced accountant, because incorrectly drawn up reports, or their delay can lead to fines and losses. It often happens that an accountant can keep his own accounting department, in order to avoid this, you should study well the personnel with whom you will have to work.
Information taken from: https://biznes-prost.ru/otkryvaem-biznes-v-armenii-i-erevane.html

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