For those, who wish to start entrepreneurial activities in Armenia, there is the opportunity to register a company in the Free Economic Zone «Alliance».
This article is for informational purposes and is recommended for reading to businessmen, who are interested in registering a company in the FEZ in Armenia, as well as to all those, who plan to enter the Asian economic market.
A brief information about the FEZ «Alliance»Before opening a company in the «Alliance» FZ, it would be useful to familiarize yourself with general information about jurisdiction.
The «Alliance» FZ was founded in 2013 with the aim of stimulating foreign direct investment, creating new jobs, increasing exports from Armenia and creating prerequisites for the sustainable economic development of the country. Those, who plan to establish an enterprise in the «Alliance» FZ, should take into account, that its main strategic areas are: advanced technologies, as well as the development and implementation of innovations in the scientific field.
BenefitsThere are a number of advantages for those, who plan to set up a company in the «Alliance» FZ:
- Resident companies are exempt from all types of taxation, except payroll tax;
- Local companies are exempt from all currency restrictions;
- It is possible to conduct activities with a minimum number of administrative barriers;
- The access to infrastructure facilities of the FZ and the capital of the Republic of Armenia.
Legal formsYou need to know, that on the territory of the «Alliance» FZ you can register a company in one of the following legal forms:
- Limited Liability Company (LLC);
- Joint Stock Company (JSC);
- Individual enterprise (IP or Sole Entrepreneurship).
Our experts provide legal advice on choosing the most suitable organizational type of the company for your entrepreneurial activity.
DocumentsIt is important to note, that before submitting a package of documents for registering a company in the «Alliance» Free Zone, non-residents need to obtain license to conduct business in Armenia from the government. To do this, the investor needs to provide a detailed and long-term business plan.
Next, the entrepreneur will need to provide the following documents:
- a copy of the founder’s passport;
- a company charter;
- data on the size of the authorized capital;
- a company registered address in Armenia;
- details about the bank account of the company.
YB Case experts provides legal support in obtaining permission to conduct business in the «Alliance» Free Zone, as well as legal assistance in preparing a package of documents for registering an enterprise in Armenia and checking it for errors.
Choosing a company nameWe want to focus your attention on the fact, that if you want to register a company name in Armenia using state symbols, you will need to obtain additional permission from local authorities.
To make the process of opening a business in Armenia as easy as possible, turn to our specialists for help. Having started cooperation with YB Case, you will have the opportunity to receive full legal support in registering a company in the «Alliance» Free Economic Zone. Our specialists also provide legal advice on opening accounts with Armenian banks.
To order personal advice, call us at the contacts listed on the site.