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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
Become a turnover taxpayer  (2) expand_more expand_less

3
Open a bank account (IE)
(last modified: 25/02/2020)

Contact details

Entity in charge

Any bank operating in Armenia

Expected results

Bank Account Agreement

Requirements

1. Extract from state register agency (IE)
Extract from state register agency (IE)
In case of Armenian citizens
1. 01 - Libre deuda de patente
National ID card
or 01 - Libre deuda de patente
Passport & Social Services number
In case of foreign citizens
1. 01 - Libre deuda de patente
Passport
or 01 - Libre deuda de patente
Residence Card

Cost

AMD expand_more expand_less
  • AMD Add Name Here
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.  20mn
Attention at counter: Min.   10mn - Max.   15mn

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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