Starting a business in Armenia involves more than state registration of a legal entity. Before establishing an organization, it is important to choose the appropriate legal-organizational form, clarify founders’ and shareholders’ rights, structure the governance and decision-making arrangements, as well as consider regulatory requirements related to the company’s activities and peculiarities of the planned activities.
LY Law Firm provides legal support for structuring and establishing businesses in Armenia, helping Armenian entrepreneurs, foreign investors and international businesses with entering the Armenian market.
Why Legal Advice Matters When Establishing a Business in Armenia
Although the company state registration process itself may be relatively straightforward, the legal structure established at the outset can have long-term consequences on the organization's operations, management, and future development.
Our role is to help clients address the issues, prior to state registration, to regulate matters concerning the organization's control, the rights of shareholders and founders, decision-making, and governance, and to establish a legal structure that aligns with business objectives and future activities.
Legal Support for Establishing Your Business in Armenia
LY Law Firm supports entrepreneurs, investors and international businesses with establishing commercial organizations in Armenia.
Commercial organizations in which the liability of founders or shareholders is limited may be established legal-organizational forms of a limited liability company or a joint-stock company.
We assess your business model, planned ownership and management structure and objectives to the aim of advising on the appropriate legal-organizational form for your business in Armenia.
LY Law Firm can support with the full legal process of establishing a company in Armenia, including:
- Consultation on type of business entity
- Corporate Structuring
- Name check to figure out availability of your preferred name
- Charter preparation
- Drafting founding decision and documents needed for state registration
- Drafting Shareholders’/Founders’ Agreement
- Filing documents with the State Register of Legal Entities for state registration
- Ordering and receiving seal
- Filing declaration for ultimate beneficial owner
- Support in opening bank account.
Frequently Asked Questions
What is a Limited Liability Company?
A limited liability company (LLC) is a business entity established by one or more individuals or entities, where the charter capital is divided into shares as set forth in the company's charter.
How long will it take to state register an LLC?
An LLC is registered within one business day after filing the necessary documents to the Agency of the State Register, or within two business days if one of the LLC's founders is a legal entity. If one of the LLC's founders is a legal entity, the LLC will be registered within one business day, if the facilitation fee of AMD 30,000 is paid.
Is there a state duty for state registration of an LLC?
There is no state duty for the state registration of an LLC.
What is a Closed Joint-Stock Company?
A closed joint-stock company (CJSC) is a business entity where the charter capital is divided into a specific number of stocks. These stocks are distributed only among its shareholders, including the founders, or other predetermined individuals or entities.
How long will it take to state register a CJSC?
A CJSC is registered within one business day after filing the necessary documents to the Agency of the State Register, or within two business days if one of the CJSC's founders is a legal entity. If one of the CJSC's founders is a legal entity, the CJSC will be registered within one business day, if the facilitation fee of AMD 30,000 is paid.
Is there a state duty for state registration of a CJSC?
There is no state duty for the state registration of a CJSC.
What is an Open Joint-Stock Company?
An open joint-stock company (OJSC) is a business entity where the charter capital is divided into a specific number of stocks. Shareholders in an OJSC may alienate their stocks without requiring approval from other shareholders. An OJSC may publicly offer its stocks through an open subscription and allow their unrestricted sale.
How long will it take to state register an OJSC?
An OJSC is registered within one business day after filing the necessary documents to the Agency of the State Register, or within two business days if one of the OJSC's founders is a legal entity. If one of the OJSC's founders is a legal entity, the OJSC will be registered within one business day, if the facilitation fee of AMD 30,000 is paid.
Is there a state duty for state registration of an OJSC?
There is no state duty for the registration of an OJSC.