Today, Armenia is a country of opportunities with a highly skilled, innovative and entrepreneurial human capital, and a strategic location to do business with Europe, the Commonwealth of Independent States (CIS), the Middle East and Asia. Armenia offers global investors and transnational corporations convenient access to some of the largest markets via its membership in the Eurasian Economic Union (EEU), free trade agreements with other CIS countries, preferential trade agreements with the European Union (EU), USA, Canada, Japan, Switzerland and Norway, and its proximity to Iran and the Middle East. The EU, EEU and Iran represent a market of over 800 million consumers.
Armenia has a positive and open attitude towards foreign investments. Currently the Government of Armenia is carrying out comprehensive reforms of the business environment to make Armenia a preferred destination for foreign investments and ensure favorable business conditions for foreign investors.
- Key Economic Indicators
- Current Investment Climate
Armenia is considered as a country with one of the most open investment regimes among the CIS countries. The reforms related to the economy and infrastructure, macroeconomic stabilization and economic growth have contributed to the development and implementation of the country’s foreign investment policy. The main principles of the investment policy may be summarized as follows: A liberal attitude towards foreign investments and “Open Door” policy, Protection of investors’ rights, Provision of equal conditions for foreign and domestic investors.The Law on “Foreign Investments” sets forth the rights, guarantees and privileges for foreign investments such as:
- Free Economic Zones
Free economic zones (FEZs) in Armenia are combination of tax and infrastructure incentives to promote direct foreign investments, increase exports, create new jobs, and generate prerequisites for sustainable economic development in the country. FEZs in Armenia offer a unique opportunity for entrepreneurs to establish businesses in strategic sectors of the economy and to process produce and export goods with a reduced tax burden. Residents of FEZs in Armenia can benefit from the following privileges: 0 % profit tax, 0% VAT, 0% property tax and 0% customs duty!
There are currently 2 free economic zones operating in Armenia:
Steps to become a resident of FEZs:
- Country Ratings
38
Among 190 Countries
DOING BUSINESS INDEX 2017
33
Among 186 Countries
ECONOMIC FREEDOM INDEX 2017
21
Among 180 countries
INVESTMENT FREEDOM COMPONENT 2017
9