How to open a company in Armenia

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Types of Companies in Armenia

• Sole Proprietorship

• Limited Liability Company

• Joint Stock Company

• Closed Joint Stock Company

• General Partnership

• Limited Partnership

Sole Proprietorship in Armenia

• The company can be established and managed by one single person

• The shareholder is fully liable on the debts and obligations  in this type of company

Limited Liability Company

• The company can be opened by one or more persons

• The shareholders should fully pay the initial capital

• The profits are divided between shareholders

Joint Stock Company

• The minimum share capital for an open JSC is 1.000 times the minimum monthly wage

• The shareholders must fully pay the minimum share capital.

• The shareholders should establish the nominal value of the shares.

• The shareholders liability is limited to the value of their possessed share

Closed Joint Stock Company

• The capital is divided between shareholders, with limited liability for each shareholder

• The company cannot sell the shares to the public

• Required minimum capital is reduced to 100 times the minimum monthly wage

General Partnership

• This type of company can be established by at least two persons

• The shareholders are general

• The shareholders support full liability to the company's debts and obligations to the extent of their personal assets.

Limited Partnership

• This type of company can be established by two or more persons

• This company should have at least one general member who has the right to manage the company, and at least one member is a limited partner

Steps for company formation in Armenia

• providing three company names

• providing a set of identification documents

• setting-up a the bank account for share capital

• submitting the registration documents with the Armenian Trade Register

Requirements for Company  Formation in Armenia

• Any person of any nationality or residence can be shareholder in an Armenian company

• The shareholders  can be natural persons or legal entities

• The company must hold a local registered office

• There is no minimum must for the share capital, but the shareholders can deposit approximately 50,000 AMD (around 90 EUR)

Services Provided for Company Registration

in Armenia• drafting the Articles of Association

• arranging Public Notary procedures

• offering a Registered Office

• setting up a bank account

• recommending an accountant

Thank you for your attention

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