Business opportunity in Armenia

27 Pages·2017·2.92 MB·English

Business opportunity
in Armenia
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Why doing business in
Armenia?
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Armenia
• Capital : Yerevan
• Language : Armenian (Russian and English are
widely used)
• Total Area : 29,743 km2
• Currency : DRAM
• Population : ≈ 3 million
• Literacy rate : 99,6 %
• Majority religion : Christianity
• 2 International airports in Yerevan and Gyumri
• Highways to Georgia and Iran
• Business hours : 9am to 6pm, from Monday to
Friday

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Macroeconomic Data
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Investment Climate
• Armenia is the 38th among 190 countries according to the ranking of
WB “Doing Business 2017”.

• Armenia's economic freedom score is 70.3, which makes its economy 33rd most
open in the 2017 index.

• Armenia’s rank in “Doing business” and in the economic freedom score has
improved compared to 2016.

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Business Taxation

• Value-added tax (VAT) : 20%
• Possibility to choose tax regime between:
- Profit tax : 20%
- Tax on company’s turnover : 5%

• Dividend tax: 10%
• Interest tax: 10%
• Royalties tax: 10%
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International Comparison of Business Taxation
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Tax exemption
• Some economic sectors are exempt from tax
• 47 border villages are exempt from all taxes
• Many FEZs in Armenia: one for the agricultural sector, the second
for IT sector and the third for jewelry
• An economic zone will soon be opened in Meghri to promote
trade with Iran.

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