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Ease of Doing Business in

Armenia

Armenia Download Profile (1732.6KB, pdf)
Region Europe & Central Asia
Income Category Lower middle income
Population 3,017,712
GNI Per Capita (US$) 3,880
City covered Yerevan

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 38 43 up
5
73.63 72.16 down
1.47
Starting a Business 9 9
-
96.07 96.06 up
0.01
Dealing with Construction Permits 81 78 down
3
70.03 69.93 up
0.10
Getting Electricity 76 85 up
9
73.17 70.02 up
3.15
Registering Property 13 13
-
87.36 87.33 up
0.03
Getting Credit 20 42 up
22
75.00 65.00 up
10.00
Protecting Minority Investors 53 51 down
2
60.00 60.00
-
Paying Taxes 88 88
-
72.49 72.49
-
Trading across Borders 48 48
-
86.45 86.45
-
Enforcing Contracts 28 35 up
7
69.71 67.85 up
1.86
Resolving Insolvency 78 75 down
3
46.06 46.44 down
0.38

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 9

DB 2016 Rank: 9

Change in Rank: 0

DB 2017 DTF (% points): 96.07

DB 2016 DTF (% points): 96.06

Change in DTF (% points): up0.01

Standardized Company
Legal form: ApS
Paid-in minimum capital requirement: AMD 0
City: Yerevan
Indicator Armenia Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 3.0 4.9 4.8
Time – Men (days) info_outline 4.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 0.9 4.7 3.1
Procedure – Women (number) info_outline 3.0 4.9 4.8
Time – Women (days) info_outline 4.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 0.9 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Register at the One-stop shop

    Agency: State Register of Legal Entities

    In March 2011, the Business Entry One-stop Shop was launched within the Ministry of Justice. Companies and individual entrepreneurs can now obtain the name reservation, business registration and tax identification number at a single location and at the same time. An application for a taxpayer identification number is filed to tax authority at the one-stop shop and the TIN is issued by the State Registrar. VAT registration can take place a year after a business exceeds the threshold of 115 million AMD.

    The legal time limit is 2 working days but the application may be dealt with in one day.

    Electronic registration is available at www.e-register.am/am/ but it is not commonly used as one needs to have an electronic signature in order to be able to register online. Also, it is not possible to make changes to the provided templates (i.e. charter and founding decision templates).
    2 days
    no charge
    2

    Order a company seal

    Agency: Seal maker

    The seal is not required by law but entrepreneurs tend to obtain the company's seal that may be asked during the operations of the company.
    The fee for seal issuance varies according to turnaround time as following.
    - 1 day: AMD 15,500.
    - 30 days: AMD 2,800.
    1 day AMD 15,500
    * 3

    Register for VAT

    Agency: Tax Authorities

    The company may submit an application for the voluntary VAT registration to the tax authority immediately once the company is registered with the Agency.
    The company shall submit an application for the VAT registration within 30 days after the relevant ground for obligatory VAT registration occurs. The application may be submitted either by a document or via electronic means. The tax authority provides a certificate on registration within one week if the application is submitted by a document or within one day if the application is submitted via electronic means.
    If the company is considered a VAT payer due to the fact that it has exceeded the VAT threshold the previous taxable year, than there is no obligation of submitting the application for the VAT registration (the company is considered a VAT payer automatically). At the same time, if the company exceeds the VAT threshold during the current year, than the submission of the application is compulsory.
    According to the changes in ''Law on Turnover tax'' from July 2015 the VAT threshold was increased to 115 mln. AMD.
    1 day (simultaneous with previous procedure) no charge

    * Takes place simultaneously with previous procedure.