This website uses cookies to ensure you get the best experience on our website. Learn more

INVEST IN ARMENIA | INNOVATIVE TECHNOLOGIES

x

INVEST IN ARMENIA | INNOVATIVE TECHNOLOGIES

Facebook:
Instagram:
Linkedin:
Twitter:
Telegram:
VK:
Odnoklassniki:
Medium:

#SelectArmenia is the investment and export portal of Armenia. The copyright of the page belongs to #BusinessArmenia, which is Armenia’s National Authority for Trade, Investment and Export promotion. It supports and also promotes investments, exports and doing business in Armenia. On this platform you can follow the reforms, economic activities, business and investment updates of Armenia. Should you have any questions or suggestions, we would greatly appreciate your feedback and be glad to answer your questions.
x

INVEST IN ARMENIA | SELECT ARMENIA

Facebook:
Instagram:
Linkedin:
Twitter:
Telegram:
VK:
Odnoklassniki:
Medium:

#SelectArmenia is the investment and trade portal of Armenia. The copyright of the page belongs to #BusinessArmenia, which is Armenia’s National Authority for Trade, Investment and Export promotion. It supports and also promotes investments, exports and doing business in Armenia. On this platform you can follow the reforms, economic activities, business and investment updates of Armenia. Should you have any questions or suggestions, we would greatly appreciate your feedback and be glad to answer your questions.
x

INVEST IN ARMENIA | ENERGY SECTOR

Facebook:
Instagram:
Linkedin:
Twitter:
Telegram:
VK:
Odnoklassniki:
Medium:

#SelectArmenia is the investment and export portal of Armenia. The copyright of the page belongs to #BusinessArmenia, which is Armenia’s National Authority for Trade, Investment and Export promotion. It supports and also promotes investments, exports and doing business in Armenia. On this platform you can follow the reforms, economic activities, business and investment updates of Armenia. Should you have any questions or suggestions, we would greatly appreciate your feedback and be glad to answer your questions.
x

INVEST IN ARMENIA | JEWELRY SECTOR

Facebook:
Instagram:
Linkedin:
Twitter:
Telegram:
VK:
Odnoklassniki:
Medium:

#SelectArmenia is the investment and trade portal of Armenia. The copyright of the page belongs to #BusinessArmenia, which is Armenia’s National Authority for Trade, Investment and Export promotion. It supports and also promotes investments, exports and doing business in Armenia. On this platform you can follow the reforms, economic activities, business and investment updates of Armenia. Should you have any questions or suggestions, we would greatly appreciate your feedback and be glad to answer your questions.
x

INVEST IN ARMENIA PHARMACEUTICAL

Facebook:
Instagram:
Linkedin:
Twitter:
Telegram:
VK:
Odnoklassniki:
Medium:

#SelectArmenia is the investment and export portal of Armenia. The copyright of the page belongs to #BusinessArmenia, which is Armenia’s National Authority for Trade, Investment and Export promotion. It supports and also promotes investments, exports and doing business in Armenia. On this platform you can follow the reforms, economic activities, business and investment updates of Armenia. Should you have any questions or suggestions, we would greatly appreciate your feedback and be glad to answer your questions.

Investment Opportunity Armenia Amakoncs

Benefits of Company Registration in Armenia

1. Ultra-Fast Registration

Company registration normally takes as little as one business day. A tax identification number is immediately issued to the newly registered company, hence there is no need for a separate tax registration. You will get a registration certificate (extract from register) with a tax ID, articles of association, and your company will be ready to start operating immediately.

2. Low Cost of Registration and Maintenance

The government generally does not charge any fees for company registration or only minimal fees are required for certain government services. There are no renewal fees: once registered, your company will be in good standing indefinitely, without having to pay any recurring fees to the government. Inactive (dormant) companies do not have to pay any taxes, file tax returns or undergo audits. Active companies may incur expenses associated with tax compliance, payroll services and taxes.

3. 100% Foreign Ownership Allowed

As a foreigner you can own 100% of the company. No local partners or agents are required, irrespective of the area of your business. There are no restrictions on the number of shareholders, the countries of their citizenship/residence etc.

4. Foreign Directorship Allowed. No Local Partners Needed.

A director of an Armenian company can be a foreign citizen. The director is not required to reside in Armenia or have a local address. A foreigner can simultaneously be the 100% shareholder and the director of the company.

5. Remote Registration

If you cannot or do not wish to spend time and money on traveling to Armenia you may choose to register your company remotely. Remote company registration is possible with a power of attorney. Once the registration is done we will collect the company documents and send them to you by express mail or will safely keep them in our office until your further instructions.

7. Minimum Documents

Having a valid passport is generally sufficient to start a company in Armenia. There is no need to provide additional documentation such as proof of address, bank statements etc.

8. No Capital Requirements

There are no minimum capital requirements to set up a company in Armenia. You do not have to set up a bank account and block funds on it. A company may have a statutory capital of only $1.

9. No Requirements to Have Local Staff, Office etc.

Registering a company in Armenia does not require you to incur expenses such as renting office space, hiring local staff (directors, officers, secretaries, agents, accountants etc.) or opening an account with a local bank.

10. Armenian Residence and Citizenship

Doing business in Armenia will qualify you as well as your family members for residency status in Armenia. Business people can apply for single or multiple-entry visas, temporary (1-year), permanent (5-year) or special (10-year) residence permits. After maintaining the residence permit for 3 years a business person may be eligible for Armenian citizenship.

11. Low Taxes

Armenia is a low-tax jurisdiction with special tax benefits for certain categories of taxpayers, including IT companies, small and medium companies, farmers etc.

12. Privacy

If you are concerned about privacy you can either choose one of the corporate forms which do not require the shareholders to be registered (e.g. joint-stock company, cooperative etc.) or you can use nominee director/shareholder services. Bank secrecy is strictly protected by law and it is a crime to disclose it.

13. Reputation

Armenia is not a remote island but a real country with diverse economy. It has an up to date anti-money laundering legislation, and the Central Bank has ensured the safety, stability and good reputation of the banking system. Armenia does not appear on any list of offshore countries (IMF, FSI, OECD), lending to its positive image and credibility..

14. No Permits/Licenses & Unlimited Scope of Business

Generally no business permits or licenses are required to start business operations in Armenia. Companies operating in certain areas may be required to obtain local permits (e.g. sale of alcohol or tobacco products) or to notify relevant government offices of their activities (e.g. restaurants, import/export companies). Licensing applies to limited activities in areas of financial services, education, medicine, gambling etc.


Unlike many other countries Armenia does not require companies to list the activities they are allowed to engage in. By default a company registered in Armenia can engage in any type of lawful activity, unless it is subject to licensing.

Why Invest in Armenia's ICT Sector

Why Invest in Armenia

INVEST IN ARMENIA | TEXTILE & APPAREL INDUSTRY SECTOR

Facebook:
Instagram:
Linkedin:
Twitter:
Telegram:
VK:
Odnoklassniki:
Medium:

#SelectArmenia is the investment and trade portal of Armenia. The copyright of the page belongs to #BusinessArmenia, which is Armenia’s National Authority for Trade, Investment and Export promotion. It supports and also promotes investments, exports and doing business in Armenia. On this platform you can follow the reforms, economic activities, business and investment updates of Armenia. Should you have any questions or suggestions, we would greatly appreciate your feedback and be glad to answer your questions.

invest in armenia

presentation of DFA , invest in Armenia
x

Engineering City in Armenia - #InvestinArmenia

$30.000.000 investments launch construction of the Engineering City in Armenia. The city will accommodate 100 foreign and local engineering companies, create 2000 high-value jobs, as well as high technology clusters of the 2 Armenian Universities and high schools. The construction has already started in Bagrevand. #InvestinArmenia

Investing in Innovative Bioanalytical Technology

BioAgilytix Global CSO, Afshin Safavi, discusses relevant considerations when deciding to invest in new bioanalytical platform technology as part of the Business of Bioanalysis panel hosted by Bioanalysis Zone.

Students Invest in Innovative Biodigester Technology to Eliminate Food Waste

Food waste is a major environmental issue that can largely go unnoticed and unaddressed. But students at USF St. Petersburg are tackling the problem by installing an innovative system that will naturally break down non-edible food on campus – the first of its kind at a Florida university.

Governments need to invest in the right kind of innovative institutions

Technological innovations such as use of mobile phones to aid farming are unlikely to increase yields unless strong institutions exist, an academician says.

According to the FAO, a renewed focus on technological innovation is needed to promote sustainable agriculture. But some experts say that despite a big focus on technological innovation such as smartphone apps in agriculture, the expected returns are not enough.

“If smallholders in Africa are going to be empowered and really thrive as a business, innovation is not just going to happen in technology but also in institutions,” says Tom Jayne, a professor of food and resource economics at the US-based Michigan State University, citing institutions such as those that provide agricultural extension services.

Jayne adds that the strength of rural agricultural institutions, research and development, and the rate of farm technology advancements will influence African agriculture.

Challenges confronting farming in Africa include migration of youth from rural to urban settings and smallholders’ low adoption rates of conservation agriculture: a farming system that promotes maintenance of a permanent soil cover, minimum soil disturbance and diversification of plant species, Jayne explains

“Even though it is more commonly thought that Africa is a land-abundant region, there are many places in Africa where this is not feasible anymore,” he says.

For instance, in Kenya only 25 per cent of rural people inherit land. “The fact that inheritance is declining as a mode of land [acquisition] is something that governments are going to have to anticipate and really deal with because there is much greater unemployment now than ever used to be,” Jayne explains.

A holistic way of dealing with these challenges will be to create opportunities that allow access to land for rural youth in less exorbitant prices to maintain livelihood in agriculture.

Governments need to invest in the right kind of innovative institutions that support small-scale farmers.

However, Onyeka Akumah, founder and chief executive officer of Nigeria-based Farmcrowdy, a digital agriculture platform that connects small-scale farmers with investors to boost food production in Nigeria, says technology in agriculture needs to improve yields as well as operations, adding that a focus has to be on broadening the impact of technology.

“There is a whole [set of] business that revolves around agriculture, whether it is logistics, warehousing, processing or exporting,” Akumah adds. “Now you can go on our mobile app or on our website and decide whether you want maize, rice or sorghum farmer or cassava farmer, make your decision and invest your money through the platform.”

Jayne and Akumah who spoke to SciDev.Net during the Africa Green Revolution Forum in Rwanda last month (4-8 September) are of the opinion that there is a need to think about innovation more broadly in Africa’s farming context if it is to yield more, alleviate poverty and improve lives and livelihoods.


This piece was produced by SciDev.Net’s Sub-Saharan Africa English desk.

Armath Engineering Laboratories [Armenian technology education] 2019

Armath engineering laboratories program was launched in 2014 by UITE with the support of the government. It is designed for children of grades 5-12 and teaches programming, robotics and 3D-modeling.
The program has received prestigious “Sustainable Growth” WITSA Global Excellence Award and The best provider of IT education GITI-2016 Award.
Since 2018 Armath Engineering Laboratories will be established at Indian schools.

Armenian version:
,



x

Public Lecture: Start-up management and investment in Armenia, part 1

Nitzan Yudan (CEO and founder of Benivo – formerly FlatClub) and Yervand Sarkisyan (Partner Granatus Ventures) co-hosted a discussion about investing in a technology startup from the view of the investor and the entrepreneur.

Brian McFeeters: We will encourage American businessmen to invest in Armenia transport projects

Brian McFeeters: We will encourage American businessmen to invest in Armenia transport projects.
The Minister of Transport, Communication and Information Technologies of Armenia, Vahan Martirosyan, on Monday received Brian McFeeters, Principal Deputy Assistant Secretary of the Bureau of Economic ...

Commercial field installation in Armenia

Cost efficiency is a particularly important factor for commercial systems. The success of the investment is judged on far more than the total purchase price alone; the ongoing operating costs over the service life of the system are also important. For the operator of this megawatt system, the decision to opt for Fronius was easy: free remote updates for the various devices keep the system up-to-date without adding to the overall investment costs.

Location: Shenik, Armenia
Installer: Shtigen LLC
System type: commercial field installation
System size: 1 MWp
Inverters: 37 Fronius Eco 27.0-3-S

Technology in Armenia

Just a drawer of technological things... but basically for those of you coming to Armenia, you can buy anything you want here.

4 ARK ETFs to Help Investors Access Innovative Disruptors

New disruptive technologies are changing the way we interact with the world, providing growth opportunities for exchange traded fund investors whom are looking to diversify into these quickly developing segments.

We break it down to five innovative platforms that we've identified in our research - that is robotics energy, storage, blockchain technology, DNA sequencing and artificial intelligence. Those five major innovation platforms drive further innovation, and we do top-down and bottom-up research to then identify where's technology bringing us. Is the top technology ready for prime time and ready to provide growth for our investors? Sebastian Benkert, CMO, ARK Invest, said at the Morningstar Investment Conference.

As a way to access disruptive innovations through a targeted fund strategy, ARK Invest offers a suite of actively managed ETFs focused specifically on the main innovative segments, including the ARK Industrial Innovation ETF (NYSEArca: ARKQ), ARK Web x.0 ETF (NYSEArca: ARKW), ARK Genomic Revolution Multi-Sector Fund (NYSEArca: ARKG) and the broader ARK Innovation Fund (NYSEArca: ARKK).

Shares

x

Check Also

x

Menu