Armenia

Starting a Business in

Armenia

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Armenia. 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.

This information 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 185 economies. The most recent round of data collection was completed in June 2012.

Compare Armenia to 184 other economies.

YearNew business densityNumber of new limited liability companies
2011 1.122,391

  • Standardized Company

  • Legal Form: ApS
  • Paid in Minimum Capital Requirement: None
  • City: Yerevan

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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. 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.

The legal time limit is 5 working days (7 business days) but the application may be dealt with in three days.
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 Included in procedure 1
3 Order a company 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.

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
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