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Steps (8) arrow_drop_up arrow_drop_down
Obtain certified and notarized translation  (2) expand_more expand_less
Make a payment (foreign branch)  (1) expand_more expand_less
Register a branch of foreign company  (2) expand_more expand_less
Get a company seal (optional) expand_more expand_less
Open a bank account (foreign branch)  (1) expand_more expand_less
Register employees (foreign branch)  (2) expand_more expand_less

6
Open a bank account (foreign branch)
(last modified: 06/05/2019)

Contact details

Entity in charge

Any bank operating in Armenia

Expected results

Bank Account Agreement

Requirements

1. Charter of a branch
Charter of a branch
2. Charter of the parent foreign legal entity or other equivalent document,
Charter of the parent foreign legal entity or other equivalent document,
3. Extract from unified state register
Extract from unified state register
4. 01 - Libre deuda de patente
Passports or IDs of the head(s) of the executive body and persons authorized to operate the account
In case of shareholders, participants holding 10 percent or above shares
1. 01 - Libre deuda de patente
Copies of IDs or passports

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.

Additional information

Requirements for opening a bank account may vary from bank to bank. Besides the abovementioned requirements, other relevant information may be requested by the banks. Some banks even require companies to have a seal.

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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