A foreigner can register in Armenia as an individual entrepreneur (IE, ԱՁ in Armenian) on the same terms as residents. Registration is handled by the State Register Agency of Legal Entities under the Ministry of Justice. Here is what you need and how the process works.
Documents you need
- Passport with a notarized translation into Armenian.
- Receipt for the IE registration state fee: AMD 3,000.
- An email address where the registration extract will be sent.
The exact list depends on your situation, so it is worth confirming it before you apply.
How registration works
- Get a notarized Armenian translation of your passport.
- Pay the AMD 3,000 state fee via e-payments.am or by bank transfer to the state budget.
- Submit the documents at any service center of the State Register Agency. Online registration via e-register.am is only possible with an Armenian ID card and an electronic signature.
- Registration happens right after you submit the documents and choose your type of activity. The extract is emailed to you or handed over on the spot.
- Within 20 days of registration, submit an online application to choose your tax regime. If you miss it, the general regime applies until the end of the year.
Can I do it without coming in person?
Yes, a representative can submit the documents under a power of attorney. At MIAK, the client usually signs only once, to issue the power of attorney. We handle every registration step after that.
Which tax regime to choose
An IE can use three main regimes: micro-business (annual turnover up to AMD 24 million), turnover tax (up to AMD 115 million) and the general regime. Some activities, such as consulting, legal and accounting services, cannot use micro-business or turnover tax.
More on the regimes: turnover tax, micro-business or VAT
Other things to keep in mind
- State fees and notary costs are paid separately from the accountant’s fee.
- The regime application is filed not only at registration but every year, from 1 January to 20 February.
- If your turnover exceeds the regime’s threshold, you will have to switch to another regime.
Sources
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