Open a Corporate Bank Account in Armenia Remotely

счет компании в Армении

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 to seek alternative jurisdictions. One of the most practical solutions is to open a corporate bank account abroad, including in Armenia.

Why Would a Foreign Company Need a Bank Account in Armenia?

There are several common scenarios:

  • Receiving payments from clients
    If you work with partners, clients, or individuals outside your home country, it’s often faster and more convenient for them to pay into an account located in a friendly, stable banking jurisdiction.
  • Paying suppliers and contractors
    Some suppliers may require payment from legal entities outside of “sanctioned” regions or prefer regional accounts in places like Armenia.
  • Simplified currency operations
    Armenia allows flexible operations in USD, EUR, RUB, and AMD, without excessive currency restrictions.
  • Lower risk of account freezes
    Armenian banks serving foreign companies are typically less vulnerable to external political pressure or sanctions, unlike banks in the EU, U.S., or other financially unstable regions.

How to Open a Bank Account in Armenia for a Foreign Company

Good news: you can do this remotely. In most cases, there is no need to physically visit Armenia — the process can be completed through a representative with a power of attorney.

In addition, Armenia allows you to remotely register both LLCs and sole proprietorships, as well as open a branch or representative office.

What Documents Are Required?

The list may vary slightly depending on the bank, but generally includes:

  • Company incorporation documents: charter, registration certificate, and registry excerpt
  • A power of attorney for the representative who will communicate with the bank on behalf of the company
  • Passport of the founder/director and proof of their authority
  • A brief business profile: what the company does, where it operates, and who its partners are
  • Banks may request contracts with clients or recent bank statements to assess business activity

Note: Armenian banks strictly follow AML/KYC regulations (Anti-Money Laundering / Know Your Customer), so expect a detailed compliance review.

Why Armenia?

Armenia offers more than beautiful landscapes and great cuisine. It also offers:

  • A friendly, internationally open banking system
  • No rigid currency controls
  • Strategic location — bridging Europe, Asia, and the Middle East
  • A balanced foreign policy — cooperation with both East and West
  • No involvement in major sanctions blocs

We Can Help — and Not Just in Armenia

Our team has successfully opened accounts and registered companies across the region: Armenia, Kazakhstan, Georgia, Uzbekistan, Kyrgyzstan, and more. We understand the nuances of local laws, speak the language of regional banks, and know how to get things done smoothly and without delays.

Our services include:

  • Turnkey remote bank account opening for foreign companies in Armenia
  • Accounting and bookkeeping support
  • Branch and representative office registration
  • Consulting on bank selection and best-fit jurisdictions
  • Document and power of attorney preparation
  • Assistance at every step of the process

Conclusion

Opening a corporate bank account in Armenia is a practical, accessible, and effective tool for increasing the resilience and scalability of your business in today’s world. If you’re ready to move forward — we’re ready to do it with you.

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