Starting a Business in Armenia

This table summarizes the procedures and costs associated with setting up a business in Armenia.

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Legal Form: ApS
City: Yerevan

	Procedure	Time to complete:	Cost to complete:
1	Register the name of the company at the State Patent Department	2 days	AMD 5,000
2	Pay the registration fee at any bank	1 day	see next procedure
3	Register with the State Registrar	7 days	AMD 12,000
4	Register with tax authorities and obtain a tax identification number (TIN)	2 days	no charge
5	Order a seal	2 days	AMD 15,500
6	Register with statistical office	1 day	no charge

Procedure 1.: Register the name of the company at the State Patent Department
Time to complete:: 2 days
Cost to complete:: AMD 5,000
Name of Agency:
Comment:: The application form should be submitted to the State Registrar, who coordinates with the State Patent Department and registers the company name.

Procedure 3.: Register with the State Registrar
Time to complete:: 7 days
Cost to complete:: AMD 12,000
Name of Agency:
Comment:: According to a recent government decision, the State Registrar must either approve or deny registration applications within 5 working 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. The registration fee is AMD 12,000 for all business entity types, except for banks, investment funds, and insurance companies, where the fee is AMD 40,000.

Procedure 4.: Register with tax authorities and obtain a tax identification number (TIN)
Time to complete:: 2 days
Cost to complete:: no charge
Name of Agency:
Comment:: The company must file the registration certificate with the State Registrar. Within 30 days of registering with the state, all legal entities are required to register with the tax authorities and obtain a tax identification number (TIN). Within 2 weeks of submitting the application, the local tax inspectorate issues an eight-digit TIN, and the entity is considered officially registered with the tax authorities. Social security registration is conducted by the tax authorities as well.

Procedure 5.: Order a seal
Time to complete:: 2 days
Cost to complete:: AMD 15,500
Name of Agency:
Comment:: The company files for the TIN certificate with the tax authorities. Moreover and by government decree, legal persons must register and obtain a company seal for all official company transactions to be obtained from the Ministry of Internal Affairs within 1 to 30 days. The fee for seal issuance varies according to turnaround time as following.
- 1 day: AMD 15,500.
- 30 days: AMD 2,800.