Inbound services

Whether your plans simply involve setting up a small representative office in Armenia or a larger entity to perform production activity, you will require professional support in addressing Armenian legal, tax and accounting requirements, including all sorts of formalities and compliance obligations.

The first steps

Before you start operating in Armenia, we will help you:

  • identify the most beneficial legal form of business presence in Armenia, both from business and tax perspective
  • set up a fully operational Armenian entity
  • if you operate within regulated business - we will assist you in obtaining all necessary permits
  • open a bank account
  • structure shareholding and financing, including financing of acquisitions, in the most tax efficient way
  • understand and address Armenian tax implications (income taxes, VAT, customs, etc.)
  • handle initial payroll obligations
  • obtain residency permits for your staff (if required).

On-going support

Once your Armenian entity becomes operational, we can help you handle its day-to-day operations:

  • Corporate Income Tax compliance: monthly CIT reconciliations as appropriate, and preparation of the annual return.
  • VAT compliance: preparation of VAT registers and VAT returns and other related filings on a monthly or quarterly basis.
  • Payroll services: the monthly payroll output reports
  • Statutory HR administration: registration procedures and the administration of employees’ documents related to the employment.
  • Statutory accounting compliance: general ledger accounting, month end closing and reporting as appropriate, and year-end closing routines. The services also cover the assistance in the preparation of statutory annual financial statements.
  • High calibre on-going tax and legal advisory and day-to-day support.

The benefits

The advantages PwC will bring you in particular include:

  • A unique business set-up service, crafted to optimally suit your business needs
  • Access to multi-disciplinary advice: legal, tax, accounting, financial and business
  • A central contact person to help you manage various aspects of your operations in Armenia
  • Experience through working with many inbound companies over several years
  • Global PwC network to support cross-border operations
  • Unique sector-focused expertise, encompassing both the Armenian market as well as the region.

There are many opportunities (and some pitfalls as well) when setting up business in Armenia. Our team will identify and address these areas. We will provide the investor with a personalised roadmap, allowing the investor to safely and timely navigate through all local formalities.

We are also ready to help you when you plan the expansion of business to various locations in the region.

Contact us

Hasmik Harutyunyan

Tax & Legal Services Leader

Tel: +374 (10) 51 21 66

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