BUSINESS IN ARMENIA
Registration of companies and opening of accounts in Armenia
ABOUT US
Are you an Indian business looking to expand your reach into the vast markets of Russia and the former Soviet Union countries? Look no further! At BERGMANN & DANIELIAN LLC , we specialize in providing comprehensive import-export consultancy services tailored to meet your specific needs and ambitions.
Why Choose us
Expand Your Business Horizons: Unlock the Potential of the Russian, Armenian, Indian and CIS Markets with Our Consultancy Services
With 9 years of experience in the import-export industry and a deep understanding of the Russian and CIS markets, we are your trusted partners for international business expansion.
We believe in personalized service and tailor our consultancy solutions to suit your unique requirements, objectives, and budget.
Our goal is your success. We work tirelessly to deliver tangible results and help you achieve your business goals in the Russian and CIS markets.
OUR SERVICES
Law firm Bergmann and Danielyan LLC
We offer professional legal, customs brokerage and accounting services!
Experience Team
Key facts Process
Not included in the "grey list" of the European Union
Possibility of 100% foreign ownership
The company can open bank accounts in Armenian banks
Availability of free economic zones (FEZ)
Remote method of company registration
The minimum package of documents for company registration
Income tax rate: 18%
Tax payers:
There is 1 special taxation system in Armenia, in which:
An organization whose annual taxable turnover exceeds AMD 115 million is considered a VAT payer.
For imported goods, VAT is 20%. Exceptions: certain product categories. Deferral: VAT payment can be deferred for up to three years for goods imported under government-approved projects. Since 2015, Armenia has been a member of the Eurasian Economic Union (EAEU) along with Russia, Kazakhstan, Belarus and Kyrgyzstan. Goods imported from these countries are exempt from import duties.
levied on imports of liquor, beer, wine, tobacco substitutes, crude oil, gas (other than compressed natural gas), oil and diesel fuel. From January 1, 2020, the excise tax, which was previously expressed as a percentage, has been replaced by new fixed rates depending on the number of goods.
Employers in Armenia are required to withhold income tax and social security payments from income paid to their employees or contractors.
Income tax: a single fixed rate of 21% for Armenian citizens and foreigners (regardless of the amount of compensation)
Over the next few years, personal income tax will be gradually reduced to 20%, namely:
In addition to Income tax on dividends, employers withhold social security payments in the amount of:
Calculation of the social fee the annual amount of the object is 15 percent for those with income up to 1,200,000 AMD, but not less than 60 thousand AMD.
Residents are taxed on their income from any country in the world, while non-residents are taxed only on their income from Armenia.
Residence permit
Our driver will meet you at the airport
Our driver will meet Two working days, billed separately
On the day of the application, personal presence is required
During the day, personal presence is needed
Two working days, personal presence is required
Consideration period – two months (you may not stay in Armenia, in that case you can submit the documents online)
One year renewable
You must be employed in Armenia with an employment contract in Armenian (we can provide a form)
The translation must be notarized (can be ordered from us)
Your passport must have an entry stamp, our driver will meet you at the airport
Two working days, personal presence is required
Consideration period – two months (you may not stay in Armenia, in that case you can submit the documents online)
One year renewable
