Investment framework and opportunities in Armenia

Procedures Relative to Foreign Investment

Freedom of Establishment: Freedom of establishment is guaranteed.
Acquisition of Holdings: As part of the privatization programme initiated by the government of Armenia, a foreign investor can acquire an interest in a domestic company (both public and private) through purchase of shares or its assets. The properties and companies owned by the State need to be privatized before being acquired by a foreign investor. Privatization process in the country is regulated by the 'Law on Privatization of State Property'.
Obligation to Declare: Foreign investors can make investments in Armenia only through the establishment of fully foreign-owned companies (including representations, affiliates and branches) or the purchase of existing companies and securities or the establishment of joint-ventures. There are no limitations on the volume and type of foreign ownership, the number of foreign employees' and access to financial sources.
In addition, a foreign investor is bound to bear the responsibility for any violation of legislation of the Republic of Armenia, as defined by legislation of the Republic of Armenia. Property of a foreign investor, including working capital and property rights may be used by that investor to guarantee any type of obligations.
Competent Organisation For the Declaration: Ministry of Finance
Requests For Specific Authorisations: There are no limitations in foreign ownership.
However, foreigners can only lease land and need permission to lease land on a long-term basis.

Investment Opportunities

Investment Aid Agency: Business Armenia
Ministry of Economy of the Republic of Armenia
Tenders, Projects and Public Procurement: Tenders Info, Tenders in Armenia
Globaltenders, Tenders & Projects from Armenia
DgMarket, Tenders Worldwide
Other Useful Resources: Invest in Armenia (Global SPC)
Enterprise Armenia

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