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Below you’ll find real IDBank reviews from foreigners who’ve gone through the account-opening process in Armenia, along with the documents, fees, and steps involved. Documents You’ll Need Wherever you’re applying from, you start by filling out IDBank’s KYC questionnaire for non-resident individuals and sending it …
Requirements for opening an account at Ardshinbank: What to prepare: The account opening process A visit to the branch can mean a long queue — it’s worth arriving early rather than close to closing time, since some people start lining up before the branch even …
Registering an IT company in Armenia has become a popular option due to a favorable mix of economic, legal, and workforce conditions: How to Open a Sole Proprietorship (SP) for IT in Armenia Timeline: Usually a few hours, up to 2 business days. How to …
Entrepreneurs looking to expand or relocate their business to the European region often choose to register as a sole proprietor or company in Montenegro. This is due to favorable tax conditions and the simplicity of registration compared to neighboring countries. Moreover, establishing a company provides …
Company registration in Armenia is becoming increasingly popular among entrepreneurs looking to benefit from the country’s favorable business environment. Armenia offers foreign investors a number of advantages, including straightforward incorporation procedures, tax incentives, and the ability to fully own a company as a foreigner. In …
Starting in 2025, the Republic of Armenia is implementing a new program of tax incentives aimed at supporting and stimulating the development of high-tech industries. This initiative is planned to run for seven years, until January 2032, with the possibility of extension if needed. The …
Obtaining a residence permit in Armenia by registering a business as an individual entrepreneur or LLC is one of the most popular legalization methods for foreigners, especially freelancers. Armenia offers residence permits on various grounds, including ethnic origin, employment, and entrepreneurial activity. Foreign citizens can …
The social card in Armenia (often referred to social number), also known as SSN (State Services Number), plays a crucial role in the life of every resident in the country. This document serves as a unique identifier that grants access to a wide range of …
Individual entrepreneurs in Armenia often face the need to temporarily suspend their sole proprietorship (SP) activities. In such cases, freezing the SP is the optimal solution. Unlike full liquidation, freezing of Sole Proprietorship allows an entrepreneur to retain their SP status and resume operations in …
A legal address in Armenia is required not only for company registration with government authorities but also for communication with the tax service, banks, and business partners. In this article, we will look at the legal address requirements in Armenia and the available options for …