Legal guidelines

Armenia enacted investor pleasant incorporation legal guidelines which have been recurrently amended. The principle act regulating a lot of the features of company formation and actions is the Regulation on Companies courting from 2001. Armenian legislation supplies for quick incorporation, low upkeep charges and use of company type to interact in any reliable business, akin to investing, trading, and property holding. In contrast to overseas pure individuals, companies are allowed to personal curiosity in land.

Restricted Legal responsibility

Armenian companies take pleasure in restricted legal responsibility and should not accountable for money owed of their shareholders. Shareholders, of their flip, should not accountable for money owed of the company, and the doctrine of company veil piercing shouldn’t be relevant in Armenia.

Formation

An organization is fashioned by submitting a statute (articles of incorporation) with the State Registry. Armenian legislation supplies for identical day company incorporation and the entire course of can take as little as half-hour. Furthermore, it’s attainable to submit all obligatory paperwork online. It’s subsequently not obligatory for incorporators to come back to Armenia so long as they’ve a neighborhood agent in Armenia or a correct e-signature certificates. Articles of incorporation should be filed in Armenian however using parallel languages shouldn’t be restricted. A single shareholder is enough to create an organization. It’s not obligatory for an organization to have administrators however it will need to have an government officer who will be the shareholder himself. Shareholders and the manager officer will be company entities. The company should keep a registered workplace (authorized deal with) in Armenia however no native secretaries are required. The company’s life will be specified within the articles of incorporation. Armenia is occasion to the Apostille conference and incorporation paperwork are eligible for an apostille. Registration charges don’t rely on the worth of share capital and quantity to roughly $45. Armenian legislation doesn’t acknowledge migration of domicile.

Trade Name

Trade names are registered in Armenian however it’s lawful to make use of their translations into different languages. Companies are required by legislation to make use of endings stating the restricted legal responsibility. Trade names shall not include phrases like “financial institution” or “insurance,” until the company has a correct license. Phrases “Armenia” or “Armenian” can be utilized solely after a proper authorization by the Authorities is granted. It’s attainable to test the provision of names online 미국 범죄경력증명서.

Share Capital Necessities

Companies might situation shares in number of varieties and classifications: preferential or widespread, voting or non-voting. Bearer shares and no par worth shares should not approved. There are not any minimal or most limits on the quantity of share capital. Certainly, there are not any necessities for any paid in capital. Share capital will be paid in Armenian foreign money or by transferring different non-cash property. Share register should be stored and maintained by a licensed registry apart from the company.

Privateness and Confidentiality

Nominal shareholders are allowed, and particulars of helpful or nominal shareholders and administrators should not a part of public report. Nonetheless, articles of incorporation, data on government officer, native deal with and share capital can be found to public.

Upkeep and Administration

An organization should a minimum of have an government officer. Company employees, native administrators and secretaries should not required. The manager officer and administrators will be company entities. Officers, administrators and staff will be overseas residents and residents of any nation. Registration charges are paid solely as soon as, and no annual charges are payable to the Registry. Books and information should be maintained however there are not any necessities for submitting them with the Registry, apart from amendments to articles of incorporation and modifications of government officers. There are not any necessities for annual audits. Annual conferences will be wherever on this planet, and shareholder will be represented by proxies.

Taxation

Entities included in Armenia are taxed on their worldwide revenue, and the usual company tax charge is 20%. Overseas tax credit can be found. Incomes and bills are acknowledged on accrual foundation. As a normal rule, dividends are exempted from taxation.

This text is supplied just for informational functions and doesn’t represent authorized recommendation.