The underlying legal code in Armenia is civil law law. You will want to get some local advice as to how to best structure a company in Armenia. E-signatures are allowed.
The country code AM is for Armenia and the most common company type in Armenia is an ApS.
When setting up, budget about 3 days to incorporate an ApS in AM. The types of cash you can use to capitalize your company is often AMD and any legal tender.
Yes, one is allowed to re-domicile an ApS from AM. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own an ApS in AM by yourself. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is allowed, up to 100% of the total shareholding.
An ApS is only required to have one director. Furthermore, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for an agent which can receive any official legal correspondance on behalf of the business. However, a corporate secretary is not a requirement.
There is an obligation to file yearly tax returns. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Armenia, Electronic Government of the Republic of Armenia. Shareholders are disclosed in the Electronic Government of the Republic of Armenia.
Typically companies take 3 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Armenia is a ok option and have given it a score of 47 as an IO score, using the Incorporations.IO proprietary formula.
3 daysto form