This guide compares all major Armenian banks by key criteria for foreign clients (account opening, fees, services, and reliability) and identifies the best banks in Armenia in 2025 — based on verified data and expat reviews. In 2025, Armenia remains…
For several years, Georgia has maintained its position as one of the most attractive countries for opening a business — alongside Armenia. Transparent taxation, minimal bureaucracy, and the ability to remote IE registration make it a favorite destination for freelancers,…
Running a business in Armenia — whether as an individual entrepreneur (IE) or a limited liability company (LLC) — sometimes requires a pause. Projects go on hold, relocation happens, markets shift, or simply sales go quiet. Closing the company, however,…
Armenia has become one of the most popular destinations for business relocation and temporary residence. The country’s simple migration procedures, flexible tax system, convenient geographic position, and friendly attitude toward foreigners make it especially attractive for IT specialists, freelancers, entrepreneurs,…
Tax residency in Armenia is a status that allows an individual to be taxed in Armenia on their worldwide income — both from domestic and foreign sources. Armenia offers flexible and advantageous conditions, especially for remote workers and entrepreneurs doing…
In today’s era of globalization and cross-border business, many companies are looking to expand their geographic reach. Geopolitical instability, banking restrictions, currency controls, or simply the desire to be closer to clients and contractors — all of these drive businesses…
In Armenia, entrepreneurs can choose between two taxation systems: the General Tax System (GTS) and the Simplified Tax System (STS). The choice depends on the nature of the business, income level, expense structure, and tax law requirements. The general system…
Armenia is one of the top jurisdictions for foreigners looking to register individual entrepreneur or Sole Proprietorships (SPs) and LLCs, especially for businesses dealing with foreign partners. Below is information on the most suitable banks for SPs and LLCs in…
When starting a business in Armenia, it is crucial to choose the right legal structure (organizational and legal form – OLF) to avoid unexpected business liquidation and it is good to know about taxes in Armenia. Armenia offers the following…
Microbusiness in Armenia is a special regime that has been in effect for four years and resembles the self-employed status in Russia. This status offers significant advantages, including nearly full exemption from tax obligations. It applies to individual entrepreneurs (IE)…