Why Armenia ?

Located at the crossroads between the Middle East, Europe and the Caucasus countries, Armenia has become an country increasingly attractive for foreign investors. Positioning in Armenia –as demonstrated by the exemplary success of Pernod-Ricard, Amundi, Grant Thornton, and many others –can by an open door to all markets of the Eurasian Economic Union (UEE) such as Russia, Belarus, Kazakhstan and Kyrgyzstan (180 million inhabitants), the Commonwealth of Independent States (CIS) and Iran.

Armenia is one of the fastest growing trading centers in the Caucasus region, and is considered the most liberal and open economy of the CIS for its economy. The economy of the Republic of Armenia is booming and the possibilities to invest, to establish or to trade with Armenia, multiply.

The advantages of investing in Armenia :

• Favorable legislation and climate for foreign investors.
• Guarantee and free repatriation of invested capital and profit; Property rights.
• Tax benefits for foreign investors.
• Double taxation agreements.
• Agreements for mutual promotion and protection of foreign investment.
• Liberal Trade Regime: Member of the World Trade Organization and the World
• Customs Organization.
• No quota and license for imports.
• Free Trade Agreements with CIS countries.
• Member of the Eurasian Economic Union.
• Siting facilities (limited liability company, public limited company etc.).
• No restrictions on the right of foreigners to manage local companies.
• Potential and participation of the Armenian Diaspora in the rise of independent Armenia.

The measures put in place by the government.

The Armenian government is aware of the need to create a more attractive business environment and targeted efforts have been made to encourage foreign investment, which is necessary for the development of a growing economy.On the attractiveness policy and in its desire to improve the business climate, the Govenment applies a strong policy in the fight against corruption.

The opening of legal cases against foreign companies of all origins seems to be calming down. The Poverty Alleviation and Corruption Act came into force, and are bearing fruit, along with other reforms specifically related to the business environment. We can mantion particularly:

• Equal treatment for foreigners;
• Unlimited access to property for foreigners;
• Free repatriation of profits;
• State interventionism and limited deregulation.

Procedures relating to foreign investment.

• Freedom of establishment ;
• The freedom of establishment is guaranteed ;
• The regulations concerning equity investments.

Under the Government of Armenia's privatization program, the foreign investor can acquire an interest in a domestic company (whether public or private) by buying its shares or assets. State-owned properties and companies must be privatized before a foreign investor can acquire them. The privatization process in the country is regulated by the "Law on Privatization of State Property". Under the Government of Armenia's privatization program, the foreign investor can acquire an interest in a domestic company (whether public or private) by buying its shares or assets. State-owned properties and companies must be privatized before a foreign investor can acquire them. The privatization process in the country is regulated by the "Law on Privatization of State Property".