Investor Presentaiton
10 Investment guide Armenia
Investment incentives
Foreign investors can benefit from the
following investment incentives:
-
100% ownership permitted
Companies registered by a
foreigner in Armenia have the
right to buy land. Although foreign
citizens are not allowed to own
land in Armenia, they are offered
long-term lease contracts
VAT payments postponement for
up to 3-year period for importing
equipment and goods within the
scope of investment projects,
subject to the Government
approval
Free exchange of foreign
currencies
Free repatriation of profit
In case of any changes in
legislation foreign investors can
choose which law to use for
up to a five-year term (five-year
grandfather clause)
Free Economic Zones (no value
added tax, no property tax, no
profit tax, no custom duties)
Profit tax privileges for large
exporters (exported goods and
services for at least 40 billion
AMD (about 84 million USD),
except those in mining, jewelry,
precious metals and stones
processing, excisable goods
production)
No export duties and restrictions
KPMG
-
No screening and specific
authorization required for making
investment
No restrictions on remittances
No restrictions on staff
recruitment
No sector-specific or geographic
restrictions on investments,
except in certain national defense-
related sectors
Customs duty exemption.
Materials and equipment/
technology imported from
non-EEU country that cannot
be replaced by materials and
equipment produced by EEU
country to implement investment
project in the priority sector
of economy of Armenia and
exceptionally in the territory of
RA are exempted form customs
duties.
Tax exemptions in close to border
areas of Armenia
Tax exemptions in Tavush region
of Armenia (operations within the
framework of investment projects
above 2 billion AMD (except
those in mining and chemical
production sectors)
Armenia has signed bilateral
treaties on reciprocal promotion
and protection of investments
with 41 countries. Armenia is also
a signatory of the International
Convention of Investment Disputes
(ICSID), CIS Multilateral Convention
on the Protection of Investor Rights.
In addition, it has double taxation
treaties with 41 countries as of 2016.
The benefits of these particular
treaties are easy to access by
providing supporting documentation
of residency from foreign tax
authorities.
Since January 2015 Armenia is a
member of the Eurasian Economic
Union (EEU), which creates the
following opportunities:
-
-
Duty free import of raw materials
from EEU member states.
No customs formalities during
mutual trade between EEU
member states, which leads to
financial costs reduction and time-
consuming for business.
No non-tariff measures of trade
and trade technical barriers
between EEU member countries.
Favorable import tariffs for about
750 products.
Armenia has signed free-trade
agreements with Georgia and most of
the CIS countries. Armenia currently
enjoys GSP beneficiary status with
Canada, Japan, Norway, Switzerland,
and the United States. Since 2009,
Armenia has also been included in the
list of countries granted GSP+ by the
European Union.
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