Step-by-Step Guide to Business Registration in Armenia

Published Date: 28/March/2025 Read Time: 7 min

Legitimacy – Operate legally, sign contracts, and build credibility with clients and partners.

Access to Banking Services – Open business bank accounts and facilitate international transactions.

Tax Optimization – Benefit from Armenia’s competitive tax system, including favorable rates for IT and export-oriented businesses.

International Trade – Work seamlessly with partners in the EU, US, and Russia without compliance issues.

Residency Eligibility – Business owners can apply for a residence permit in Armenia.

Step 1: Choose Your Business Structure

Armenia offers several business entity types, with LLC (Limited Liability Company) being the most common. Other options include:

Sole Proprietorship – Simple structure for freelancers and small businesses.

Joint-Stock Company (JSC) – Ideal for large enterprises with multiple shareholders.

Branch or Representative Office – For foreign companies expanding into Armenia.

Step 2: Select a Unique Business Name

Before registering, you must ensure your company name is unique. You can verify name availability through the State Register of Legal Entities in Armenia.

Step 3: Prepare the Required Documents

To successfully register your business, you’ll need to provide the following documents:

Founders’ Passports – Verifying the identity of the company founders.

Charter of the Company – A detailed document outlining the company’s structure, operational guidelines, and nominee capital information.

Decision of the Board (if 2 or more partners) or Founder/CEO Decision – A formal resolution approving the establishment of the company and defining key operational decisions.

Step 4: Submit Your Application

Business registration is done through the State Register of Legal Entities. You can submit your application:

In person – At the State Register office.

Online – Through the Armenian government’s official e-registration portal.

Via a representative – Using a legal or business consultancy firm like Documan to handle the process.

The processing time is typically 1-2 business days if all documents are correctly submitted.

Step 5: Obtain a Taxpayer Identification Number (TIN)

After registration, your business will be assigned a Taxpayer Identification Number (TIN). This is essential for:

Opening a corporate bank account

Filing taxes

Issuing invoices and official business documents

Step 6: Open a Business Bank Account

To facilitate international transactions and manage finances, you’ll need to open a corporate bank account. Requirements vary by bank but generally include:

Company registration certificate

Founders’ identification documents

Decision of the board or CEO for account authorization

Step 7: Register for Taxes and Social Contributions

Depending on your business activity, you must register for the appropriate tax regime:

Microbusiness Regime – For small businesses with minimal tax obligations.

Turnover Tax Regime – A simplified system for businesses below a certain revenue threshold.

General Taxation – Standard VAT and profit tax rates apply to larger businesses.

If you plan to hire employees, you must also register with the State Revenue Committee (SRC) for social security and payroll tax contributions.

Step 8: Obtain Necessary Permits and Licenses

Certain industries, such as finance, healthcare, and construction, require special permits or licenses. Check with the relevant Armenian authorities to ensure compliance.

Step 9: Start Operating and Maintain Compliance

Once registered, your business must:

File annual financial reports

Pay taxes and social contributions on time

Renew licenses (if applicable)

Why Work with Documan?

Registering a business can be complex, especially for foreign entrepreneurs. Documan provides full assistance, including:

✅ Business registration and documentation

✅ Bank account setup

✅ Legal and accounting support

✅ Residency application for business owners

🚀 Start your business in Armenia today! Contact Documan for professional assistance.