Register Individual Entrepreneur or company in Armenia remotely

открыть ИП в Армении удаленно

Many international entrepreneurs are interested in opening a sole proprietorship (IP) or LLC in Armenia to continue working with international partners. While several post-Soviet countries are attractive for business, Armenia has become a leading destination, especially for the IT sector. One of the great advantages is the ability to register an Individual Entrepreneur (IE) or a company in Armenia remotely. The main advantages of Armenia for business include:

  • A strategic location providing access to both European and Asian markets.
  • A steadily growing economy with increasing foreign investment.
  • A business-friendly political climate with strong government support.
  • Minimal bureaucracy – to open an IP in Armenia, only a foreign passport and its notarized Armenian translation are required.
  • Equal rights for foreign entrepreneurs and Armenian citizens in business registration and operation.
  • The ability to remotely open a company and a bank account without personal presence.
  • A quick registration process with no strict capital requirements.
  • Tax incentives for small businesses, IT companies, and startups.
  • Free Economic Zones (FEZs) providing tax reductions and other benefits.
  • Double taxation avoidance agreements with 49 countries, ensuring tax efficiency for international business.

Taxation in Armenia for Individual Entrepreneurs and LLCs

Armenia provides a favorable tax regime for businesses, including small enterprises. There are three main taxation systems: the general taxation system, and two simplified systems (microbusiness and turnover tax). Below is an overview of their differences:

Tax SystemAnnual Turnover LimitPermitted ActivitiesRestricted Activities
MicrobusinessUp to 24 million AMDRetail outside Yerevan, Production, Freight transportationConsulting, IT companies, Wholesale trade
Turnover TaxUp to 115 million AMDE-commerce, IT, Manufacturing, TradingBanks, Auditing firms, Currency exchange
General TaxationNo limitNo restrictionsNo restrictions

Each system offers specific advantages depending on the business model. For instance, IT companies benefit from tax exemptions and lower tax rates under certain conditions.

Why Armenia is an Attractive Option for Entrepreneurs?

  • Armenia provides an easy business environment with minimal regulatory restrictions.
  • Lower tax rates compared to other post-Soviet countries make it an attractive destination.
  • Fast and remote registration means businesses can be set up within a few days.
  • No bureaucratic hurdles for foreign nationals when opening an IP or LLC.
  • Banking services are accessible and internationally connected, allowing smooth SWIFT and SPFS transactions.

We provide turnkey remote company registration in Armenia, including tax registration and bank account setup. Contact us today to register your IP or LLC in Armenia hassle-free!

Let’s review the key aspects related to business entities in the Republic of Armenia.

There are two primary forms of doing business in Armenia:

  1. As an individual entrepreneur (IE) registered as a sole proprietor.
  2. As a legal entity registered in accordance with Armenian legislation.

The most common form for business relocation, particularly for programmers, IT specialists, and tech companies, is the individual entrepreneur (IE) status. It is popular due to its simple registration process, minimal reporting requirements, and nearly equal rights and opportunities as an LLC. In some cases, it is even more beneficial as it is not subject to many corporate regulations.

With MyReloc, you can remotely register an IE in Armenia within just 10 days. Contact us today!

Requirements for Registering an Individual Entrepreneur (IE)

The document requirements for registering an individual entrepreneur are minimal – you only need a foreign passport and a legal address. The taxation system for IEs is also straightforward, as long as the business activity is properly classified under the correct tax system.

Below is an overview of the basic tax obligations for IEs and LLCs:

MicrobusinessTurnover TaxGeneral Taxation System
State duty10% of turnover (1% for IT), social contributionsState duty
N/AVAT – 20%Profit tax – 18%, social contributions

The amount of social contributions and state duty depends on the company’s turnover and its tax status.

Company Registration in Armenia

Like other countries, Armenia offers several legal entity structures, but the most convenient and widely used form is the Limited Liability Company (LLC).

Remote Company Registration (IE or LLC) with MyReloc

The process of remotely opening an IE or LLC in Armenia with a bank account is conducted through a power of attorney. Once we receive authorization for remote business and bank account registration, we:

  • Establish a legal address.
  • Prepare documents related to share capital, company shares, articles of association, and board resolutions.
  • Draft company documents in Armenian, ensuring they meet legal requirements.
  • Translate and notarize any foreign-language documents (such as a foreign director’s passport).
  • Submit the documents to the Agency for Legal Entity Registration under the Ministry of Justice of Armenia.

Once the company is registered, we proceed with the bank account setup in Armenia. The entire process to register an IE with a bank account takes approximately 7 days.

Get started today with MyReloc and open your company remotely in Armenia hassle-free!

Taxation of LLCs in Armenia

The taxation of an LLC (Limited Liability Company) is not significantly different from that of an Individual Entrepreneur (IE) and depends on:

  • Annual turnover
  • Whether the company has employees
  • The type of business activity

Both IEs and LLCs may also be subject to additional taxes, such as:

  • Excise taxes
  • Property tax
  • Vehicle tax
  • Other taxes required by Armenian law

Benefits of Remote IE or LLC Registration in Armenia with MyReloc

By choosing MyReloc for remote company registration in Armenia, you gain the following advantages:

  • No need for travel – Save time and money by avoiding a trip to Armenia. Handling documents in person can take longer than expected.
  • Legal address from trusted property owners – We provide verified legal addresses to ensure compliance with registration requirements.
  • Expert legal support – All documents are prepared by qualified Armenian-speaking lawyers, minimizing the risk of errors (e.g., incorrect spelling of names).
  • Fast registration process – We complete the process quickly and efficiently, with a minimal risk of rejection.
  • Bank account opening in the shortest possible time – Ensuring seamless access to financial operations.

Start Your Business in Armenia Immediately

Once all legal procedures are completed, you can immediately start your business activities in Armenia without delays.

Why Relocate Your Business to Armenia?

If you are considering business relocation to maintain global operations and expand opportunities, moving your company to Armenia is a strategic choice. Remote registration of an LLC or IE allows you to:

  • Minimize risks
  • Quickly establish business processes
  • Adapt to new economic conditions

With MyReloc, you can seamlessly relocate and register your business remotely—contact us today to get started!

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