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Properties

Steps (5) arrow_drop_up arrow_drop_down
Make a payment (EI)  (1) expand_more expand_less
Register as an individual entrepreneur  (1) expand_more expand_less
Open a bank account  (1) expand_more expand_less
Register for turnover tax  (2) expand_more expand_less

3
Open a bank account (IE)
(last modified: 23/10/2019)

Contact details

Entity in charge

Any bank operating in Armenia

Expected results

Bank Account Agreement

Requirements

1. 01 - Libre deuda de patente
National ID card
2. 01 - Libre deuda de patente
Passport & Social Services number
3. Extract from unified state register
Extract from unified state register
For foreign citizens
1. 01 - Libre deuda de patente
Passport
or 01 - Libre deuda de patente
1 Year Residence Card

Cost

Prices vary from bank to bank.

Generally it is free to open an account in AMD, however, there may be a small cost for other currencies. The maintenance fee ranges from 3000 - 10000 AMD.

Time frame

Waiting time in queue: Min.   5mn - Max.  10mn
Attention at counter: Max.   10mn

Additional information

Requirements for opening a bank account may vary from bank to bank.

There are 17 commercial banks operating in Armenia. You can find all the necessary information about all banks by following this link - www.cba.am/en/sitepages/fscfobanks.aspx

Recourse: Financial System Mediator

Entity in charge

Financial System Mediator

15 Khorenatsi str, “Elite Plaza” Business Center, 7th floor , Yerevan 0010
Tel: +374 60 701 111
Tel. 1: +374 10 582 421
Email: info@fsm.am
Website: https://www.fsm.am/en/
Directions: Google maps
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