Company formation · Yerevan
Company registration in Armenia
Set up an Armenian LLC in one working day — 100% foreign ownership, $1 minimum capital, and a clear path to residency and international banking.
Armenia has become one of the fastest and most affordable places in the region to start a business. Registration is online, foreigners can own the company outright, and corporate tax is a flat 18% — lower than Turkey or Georgia for most activities. This page explains the company types, the step-by-step process, costs, taxes, and how a company can lead to residency.
Why register a company in Armenia
- Registered in ~1 working day, fully online
- 100% foreign ownership — no local partner needed
- $1 minimum share capital for an LLC
- Access to Russia, the EAEU market and growing EU ties
- International bank account and straightforward currency transfers
- Temporary and permanent residency for directors, shareholders and family
- Tax incentives for IT and tech startups
Types of company in Armenia
| Type | Best for | Min. capital |
|---|---|---|
| LLC | Small/medium businesses & startups (most popular) | $1 |
| JSC | Larger companies with multiple shareholders | $1,000 |
| Branch | Foreign companies operating in Armenia | — |
| Private Entrepreneur (PE) | Freelancers & sole traders | — |
Around 98% of foreign founders choose the LLC for its flexibility and simple management.
Step-by-step process
- Reserve a unique company name (online check)
- Set a legal address (office or virtual office)
- Prepare the charter and shareholder agreement
- Submit the online registration and pay any state fee
- Provide identity and legal documents of shareholders/directors
- Receive the registrar number
- Open the corporate bank account and deposit capital
- Get the tax number (TIN) and register for VAT if needed
Documents required
- Valid passport of each applicant/shareholder
- Social number (mandatory since Jan 2026)
- Legal address (rental or virtual office)
- Company charter (prepared by a lawyer)
- Power of attorney (if registering remotely)
Taxes & reporting
| Tax | Rate |
|---|---|
| Corporate income tax | 18% |
| VAT (only above ~$115k turnover) | 20% |
| Personal income tax | 21% (flat) |
| Tech startup incentive | reduced, up to first 5 years |
Monthly and annual tax filing is required and can be submitted online. We offer accounting from $83/month so you never miss a deadline.
Armenia vs Turkey vs Georgia
| Item | Armenia | Turkey | Georgia |
|---|---|---|---|
| Foreign ownership | 100% | ~99% | 100% |
| Min. capital | $1 | ~$100 | $1 |
| Setup time | 1 day | 8–14 days | 3–5 days |
| Corporate tax | 18% | 22% | 15% |
From company to residency
An active company lets the director and shareholders apply for temporary residency, renewable annually. After three years you can apply for permanent residency, and family members can be included. See our Armenia residency guide for the full route.
FAQ
How much does it cost to register a company in Armenia?
From $280 for an LLC (1–3 persons). Full package $370. No hidden government registration fee for a standard LLC.
How long does it take?
One working day once documents and your social number are ready.
Do I need to be in Armenia?
Usually no — registration can be done with a power of attorney. A short visit is recommended for the bank account.
Can a foreigner own 100%?
Yes, with no local partner required.
Register your Armenian company this week
Send us a message and we’ll prepare your documents and social number.
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