Armenia

Starting a Business in

Armenia

Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs.  It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standardized Company

  • Legal Form: ApS
  • City: Yerevan

About This Topic

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No. Procedure Time to Complete Associated Costs
1 Register at the One-stop shop

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.

The legal time limit is 5 working days (7 business days) but the application may be dealt with in three days.
The regular fee is AMD 17,000.
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.
According to the law on state registry of enterprises, a registration may be refused only if the legal entity’s founding documents are either incomplete or inaccurate.
3-7 calendar days AMD 17,000
2 Pay registration fees at any bank


1 day see next procedure
3 Order a seal

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 (for instance, by Tax authorities)
The fee for seal issuance varies according to turnaround time as following.
- 1 day: AMD 15,500.
- 30 days: AMD 2,800.
2 days AMD 15,500