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)…
In Yerevan’s passport offices (OVIR), a variety of services are offered to residents and visitors to handle official documentation related to identity and residency. The most common services provided include: 1. Passport-Related Services 2. Social Card Issuance 3. Residential Registration…
Steps and Recommendations for Finding a Postal Code in Yerevan Postal codes are essential for ensuring accurate and efficient mail delivery. If you need to find the postal code for an address in Yerevan, Armenia, follow this detailed guide for…
Introduction: When It’s Time to Pause a Business Sometimes a company stops being active — projects are completed, partners move abroad, the market shifts, or operations simply pause. At such times, entrepreneurs face a choice: freeze the business or its…
Armenia remains a popular destination among foreigners as a relocation option in 2025 and residence permit is the thing to discuss today. Types of Residence Permits in Armenia There are four types of residence permits in Armenia: Let’s go through…
Every foreigner coming to Armenia with the intention of permanent residence should promptly obtain a social security number (SSN, social card, etc.). The social card in Armenia is used in various aspects of life, and local authorities often use it…
Let’s outline the key steps involved in establishing a business in Armenia. How to open sole proprietorship or LLC in Armenia. The process is relatively straightforward if you follow the instructions carefully. This will enable you to work with international…