In recent years, Armenia’s business environment has significantly improved, making it a more attractive destination for investors and entrepreneurs. In 2024, the country’s economy grew by 5%, and the number of registered LLCs exceeded 100,000. The government has implemented several reforms to simplify the business registration process, reduce bureaucratic procedures, and create an investment-friendly environment.
In 2025, the business registration process in Armenia has become even easier, thanks to the implementation of new digital systems. Whether you are a local entrepreneur or a foreign investor, this guide will provide a detailed overview of the business registration steps, necessary permits and licenses, and help you avoid common mistakes.
Business Registration Process in Armenia in 2025
The business registration process in Armenia typically takes only 2-3 working days, making it one of the most efficient systems in the region. Here are the main steps in the process.
1. Choose Your Business’s Legal Structure
Before starting the registration process, it is necessary to select the most appropriate legal form for your business.
- Limited Liability Company (LLC) – The most common option, which provides personal asset protection and limits liability to the capital invested.
- Closed Joint-Stock Company (CJSC) – Suitable for businesses with multiple shareholders, but the transfer of shares is restricted.
- Open Joint-Stock Company (OJSC) – Ideal for large companies that plan to publicly offer shares.
- Sole Proprietor (SP) – The simplest format, designed for single business owners with minimal compliance requirements.
2. Choose a Business Name
Your business name must be:
- Unique and not yet registered.
- Not misleading to consumers about the nature of the business.
- Not contain prohibited words without special permission.
Important note: Certain words, such as “Armenia,” “Armenian,” “bank,” or “insurance,” require special permission from the relevant authorities to be used in the business name.
Familiarizing yourself with the required documents for business registration in Armenia is important for a smooth process. To check the availability of a business name, you can use the online search tool on the State Registry’s website or visit their office in person.
3. Prepare the Required Documents
To register a business in Armenia, the following documents are required:
| Document | Requirement | Notes |
| Application form | Mandatory | Standard format available online |
| Company charter (Articles of Association) | Required | Must detail the company’s structure and operations |
| Founders’ passports | Required | Foreign documents must have notarized translations |
| Legal address confirmation | Mandatory | Lease agreement or property ownership certificate |
| UBO (Ultimate Beneficial Owner) declaration | Required within 40 days | Must disclose the actual beneficiaries of the company |
Foreign entrepreneurs can register an LLC in Armenia without being required to be Armenian residents. All documents in foreign languages must have notarized Armenian translations.
4. Submit the Registration Application
You have two options for submitting your business registration application:
Option 1: Online Registration
- Visit e-register.am
- Create an account and complete the online application form
- Upload scanned copies of the required documents
- Pay the applicable state registration fees online (if required)
Option 2: In-Person Registration
- Visit the State Register’s office
- Submit physical copies of all required documents
- Pay the state registration fees at the office
In Armenia, a Tax Identification Number (TIN) is automatically issued at the time of business registration, eliminating the need for a separate application.
5. Registration Timeframes and Costs
| Type of Business | Processing Time | Registration Fee |
| Sole Proprietor | 2 business days | 3,000 AMD (approx. $7 USD) |
| LLC | 2–3 business days | Free |
| CJSC | 2–3 business days | Free |
| OJSC | 2–3 business days | Free |
2025 Update: The registration process has been further simplified, and most applications are now processed within 48 hours. Electronic registration has become the preferred method, with over 80% of new businesses registering online.
Business Environment in Armenia in 2025
Armenia’s business environment has shown notable improvement over the past year, achieving a 5% economic growth rate. Recent reforms have significantly enhanced the country’s attractiveness for both local and foreign entrepreneurs.
Tax System
Armenia operates under three main tax regimes, allowing businesses to choose the most efficient option for their operations.
1. Micro-Business Regime
- For businesses with annual turnover not exceeding 24 million AMD (approximately $60,000 USD)
- Exempt from profit tax and VAT
- Simplified accounting requirements
2. Turnover Tax Regime
- For businesses with annual turnover not exceeding 115 million AMD (approximately $290,000 USD)
- Tax rates range from 1% to 10%, depending on the type of business activity
- Simplified accounting requirements
3. General Tax Regime
- For businesses with higher turnover
- 18% corporate profit tax
- 0–20% VAT, depending on the business
- Full accounting requirements
2025 Update: IT companies continue to benefit from preferential tax conditions, with employees in this sector paying only 10% income tax, compared to the standard 23%.
Banking and Financial Matters
When starting a business in Armenia, you need to:
- Open a corporate bank account (requires a registration certificate and tax identification number)
- Establish an accounting system that complies with Armenian standards
- Register in the electronic tax reporting system (e-filing system)
Foreign entrepreneurs wishing to start a business in Armenia benefit from equal rights and simplified procedures. There are no restrictions on foreign ownership, and profits can be freely repatriated abroad after fulfilling tax obligations.
Practical Tips for Successful Business Registration
Based on the experience of successful entrepreneurs, here are several practical tips to make the registration process more efficient:
- Start with thorough research – Familiarize yourself with all requirements before beginning the process.
- Prepare all documents in advance – Create a checklist and gather all necessary paperwork ahead of time.
- Seek professional assistance – Lawyers can help you navigate complex procedures.
- Budget for all expenses – Include registration fees, legal support, and other ongoing costs.
- Plan post-registration steps – Be ready for tax registration, hiring employees, and obtaining operational permits.
Conclusion
Starting a business in Armenia presents significant opportunities for entrepreneurs. The registration process has been greatly simplified and typically takes only 2–3 days. By understanding the requirements, preparing the necessary documents, and avoiding common mistakes, entrepreneurs can efficiently establish their businesses and focus on growth and operations.
For foreign entrepreneurs, Armenia offers equal rights, does not require permanent residency, and provides a favorable tax environment—making it attractive for both startups and established businesses looking to expand.
Thorough preparation and professional assistance can significantly increase your chances of success when launching a business. It is advisable to consult legal and tax professionals familiar with Armenian business law to ensure full compliance and to optimize your business structure for long-term success.
