Starting a Business / Becoming an Individual Entrepreneur
Summary of the procedure
List of steps
List of steps
(5)
1
Pay with the payment terminals (IE)
or
Pay in a bank (IE)
or
Pay online (IE)
2
Register at one-stop-shop (IE)
or
Register online (IE)
3
Open a bank account (IE)
4
Register online in the electronic tax report system
or
Register at the State Revenue Committee
5
Register for turnover tax
Where to go?
State Register Agency of Legal Entities
(x 2)
1
2
Any bank operating in Armenia
3
Electronic Tax Report System
(x 2)
4
5
What you will get
Extract from state register agency (IE)
2
 25-Jun-2018 12-36-27-1_1_140x175.jpeg)
Bank Account Agreement
3
Taxpayer registration confirmation
5
Required documents
Application (IE)
2
_1_140x175.jpeg)
Passport
2
Extract from state register agency (IE)
3
National ID card
(x 2)
3
4
ID card reader
4
e-Signature
4
Agreement with State Revenue Committee
4
Application form on being deemed turnover taxpayer
5
How much?
Estimated cost of the procedure
: AMD 3,000
AMD 3,000
( State duty for individual entrepreneur registration)
How long ?
| min. | max. | |
|---|---|---|
| Total time (sum): | 35mn | 1h. 30mn |
| of which: | ||
| Waiting time in queue (sum): | 15mn | 45mn |
| Attention at counter: | 20mn | 45mn |
Legal justification?
Law on State Duty of the Republic of Armenia (ENG)
( Article 16.2 )
Law on State Duty of the Republic of Armenia (ARM)
The Law on State Registration of Legal Entities & Individual Entrepreneurs (ARM)
( Article 27-31 )
Order N 120-A of 08.02.10 of RA State Revenue Committee President (ARM)
Order N191 of 27.06.17 of RA State Revenue Committee President (ARM)
Tax Code of the Republic of Armenia (ENG)
( articles 253-265, 455 )
Tax Code of the Republic of Armenia (ARM)
Detailed steps
1
Pay with the payment terminals (IE)
Costs( in detail ) |
Time frame ( in detail ) |
||
|
AMD
3000
|
|
Contact details
Entity in charge
State Register Agency of Legal Entities
Komitas ave.49/3, Yerevan 0051
Tel: +374 10 201 445 / +374 10 201 461
Website: http://www.e-register.am
Directions: Google maps
On days before official holidays and memorials working hour ends at 17:00.
Tel: +374 10 201 445 / +374 10 201 461
Website: http://www.e-register.am
Directions: Google maps
On days before official holidays and memorials working hour ends at 17:00.
Expected results
1.
Payment Receipt
Requirements
Cost AMD 3,000
AMD
expand_more
expand_less
|
AMD
3,000
State duty for individual entrepreneur registration
|
Payment methods:
cash
Commission fees may be applied based on different companies' payment terminals.
Time frame
Waiting time in queue:
Max. 5mn
Attention at counter:
Max. 5mn
Legal justification
1.
Law on State Duty of the Republic of Armenia (ENG)
Article 16.2
Article 16.2
2.
Law on State Duty of the Republic of Armenia (ARM)
Additional information
Payment terminals are located in State Register Agency. You can also find payment terminals all around the city.
or
Pay in a bank (IE)
Costs( in detail ) |
Time frame ( in detail ) |
||
|
AMD
3000
|
|
Contact details
Entity in charge
Any bank operating in Armenia
Expected results
1.
Payment Receipt
Requirements
1.
Account number of State Register Agency of Legal Entities
Cost AMD 3,000
AMD
expand_more
expand_less
|
AMD
3,000
State duty for individual entrepreneur registration
|
Commission fees may be applied and fees may vary from bank to bank.
Time frame
Waiting time in queue:
Min. 5mn
- Max. 20mn
Attention at counter:
Min. 5mn
- Max. 10mn
Legal justification
1.
Law on State Duty of the Republic of Armenia (ENG)
Article 16.2
Article 16.2
2.
Law on State Duty of the Republic of Armenia (ARM)
Additional information
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
or
Pay online (IE)
Costs( in detail ) |
Time frame ( in detail ) |
||
|
AMD
3000
|
|
Contact details
Entity in charge
State Electronic Payment System
Tel: +374 11 910 410 / +374 11 910 458
Email: [email protected]
Website: https://www.e-payments.am/en/
Payment Methods / Способы оплаты / Վճարման եղանակներ
Expected results
1.
Payment Receipt
Cost AMD 3,000
AMD
expand_more
expand_less
|
AMD
3,000
State duty for individual entrepreneur registration
|
Payment methods:
credit cards
Commission fees are applied.
Time frame
It takes maximum 5 minutes to make the online payment.
Attention at counter:
Max. 5mn
Legal justification
1.
Law on State Duty of the Republic of Armenia (ENG)
Article 16.2
Article 16.2
2.
Law on State Duty of the Republic of Armenia (ARM)
Additional information
The Electronic Payment System gives you the opportunity to make online payments charged for the state fees, local duties, the administrative penalties or services provided by state and local self-government bodies.
2
Register at one-stop-shop (IE)
Time frame ( in detail ) |
||
|
Contact details
Entity in charge
State Register Agency of Legal Entities
Komitas ave.49/3, Yerevan 0051
Tel: +374 10 201 445 / +374 10 201 461
Website: http://www.e-register.am
Directions: Google maps
On days before official holidays and memorials working hour ends at 17:00.
Tel: +374 10 201 445 / +374 10 201 461
Website: http://www.e-register.am
Directions: Google maps
On days before official holidays and memorials working hour ends at 17:00.
Unit in charge
Service department
| Mon: | 09:00 - 18:00 |
| Tue: | 09:00 - 18:00 |
| Wed: | 09:00 - 18:00 |
| Thu: | 09:00 - 18:00 |
| Fri: | 09:00 - 18:00 |
| On days before official holidays and memorials working hour ends at 17:00. | |
Regional Service Offices / Տարածքային սպասարկման գրասենյաներ
Expected results
1.
Extract from state register agency (IE)
Requirements
1.
_1_14x18.jpeg)
_1.jpg)
Application (IE)
2.
Payment Receipt
In case of Armenian citizens
1.
Passport
or
National ID card
In case of foreign citizens
1.
Passport
or
_2_14x18.jpeg)
_2.jpg)
Residence Card
Time frame
Waiting time in queue:
Min. 10mn
- Max. 20mn
Attention at counter:
Min. 10mn
- Max. 15mn
Legal justification
1.
The Law on State Registration of Legal Entities & Individual Entrepreneurs (ARM)
Article 27-31
Article 27-31
Additional information
Registration is done by "one-window" system. As a result of registration an applicant receives the state registration number, taxpayer identification number as well as personal payment card account number for social payments.
Application is generated during the registration at the counters, the desk officer will give it to you and you can sign it on the spot.
Besides the State Register Agency, you can also register as individual entrepreneur in so called "United organizations of the state services". You can find the list of organizations below.
United Organizations of the State Services / Պետական ծառայությունների մատուցման միասնական գրասենյակներ
Recourse: State Register Agency of Legal Entities
Entity in charge
State Register Agency of Legal Entities
Komitas ave.49/3, Yerevan 0051
Tel: +374 10 201 445 / +374 10 201 461
Website: http://www.e-register.am
Directions: Google maps
On days before official holidays and memorials working hour ends at 17:00.
Tel: +374 10 201 445 / +374 10 201 461
Website: http://www.e-register.am
Directions: Google maps
On days before official holidays and memorials working hour ends at 17:00.
Unit in charge
Service department
| Mon: | 09:00 - 18:00 |
| Tue: | 09:00 - 18:00 |
| Wed: | 09:00 - 18:00 |
| Thu: | 09:00 - 18:00 |
| Fri: | 09:00 - 18:00 |
| On days before official holidays and memorials working hour ends at 17:00. | |
Person in charge
Anna Davtyan
or
Register online (IE)
Time frame ( in detail ) |
||
|
Contact details
Entity in charge
Electronic Register System of State Register Agency
Person in charge
Anna Margaryan
Expected results
1.
Extract from state register agency (IE)
Requirements
Armenian citizens only
1.
National ID card
2.
ID card reader
3.
e-Signature
4.
Online payment receipt
Time frame
Attention at counter:
Min. 10mn
- Max. 20mn
Legal justification
1.
The Law on State Registration of Legal Entities & Individual Entrepreneurs (ARM)
Article 27-31
Article 27-31
Additional information
For online registration, you need to have valid national ID card, ID card reader and activated e-Signature. The payment should also be made online.
3
Open a bank account (IE)
Costs( in detail ) |
Time frame ( in detail ) |
||
|
Free of charge
|
|
Contact details
Entity in charge
Any bank operating in Armenia
Expected results
1.
Bank Account Agreement
Requirements
1.
 25-Jun-2018 12-36-27-1_1_14x18.jpeg)
Extract from state register agency (IE)
In case of Armenian citizens
1.
National ID card
or
Passport & Social Services number
In case of foreign citizens
1.
Passport
or
Residence Card
Cost
AMD
expand_more
expand_less
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: [email protected]
Website: https://www.fsm.am/en/
Directions: Google maps
Tel: +374 60 701 111
Tel. 1: +374 10 582 421
Email: [email protected]
Website: https://www.fsm.am/en/
Directions: Google maps
4
Register online in the electronic tax report system
Costs( in detail ) |
Time frame ( in detail ) |
||
|
Free of charge
|
|
Contact details
Entity in charge
Electronic Tax Report System
Unit in charge
ELECTRONIC TAX REPORT SERVICE CENTER
| Mon: | 09:00 - 13:00, 14:00 - 18:00 |
| Tue: | 09:00 - 13:00, 14:00 - 18:00 |
| Wed: | 09:00 - 13:00, 14:00 - 18:00 |
| Thu: | 09:00 - 13:00, 14:00 - 18:00 |
| Fri: | 09:00 - 13:00, 14:00 - 18:00 |
Expected results
1.
Username and password
Requirements
1.
Email address
2.
Taxpayer Identification Number (TIN)
3.
Social Service Number
4.
National ID card
5.
ID card reader
6.
e-Signature
7.
Agreement with State Revenue Committee
(the agreement is generated during the registration)
(the agreement is generated during the registration)
Cost Free
Time frame
Online registration in the system takes maximum 5 minutes.
Attention at counter:
Max. 5mn
Legal justification
1.
Order N 120-A of 08.02.10 of RA State Revenue Committee President (ARM)
Additional information
For online registration, you need to have valid national ID card, ID card reader and activated e-Signature. To register in the system you also need an email address to which you will get a link for creating a user profile. After filling user information you can download, sign and then upload an electronic agreement with State Revenue Committee. Then, you will receive an email which contains your username and password as well the signed agreement.
The authorized user can itself add/authorize other users to perform actions in the electronic tax report system on behalf of a company.
You can also check the attached video on how to register in the electronic tax report system step by step.
Registration in the electronic tax report system / Գրանցում հաշվետվությունների Ներկայացման Էլեկտրոնային Համակարգում
Recourse: State Revenue Committee of Armenia
Entity in charge
State Revenue Committee of Armenia
7 Movses Khorenatsi, Yerevan, Yerevan 0015
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Unit in charge
Call Center
| Mon: | 09:00 - 18:00 |
| Tue: | 09:00 - 18:00 |
| Wed: | 09:00 - 18:00 |
| Thu: | 09:00 - 18:00 |
| Fri: | 09:00 - 18:00 |
| Sat: | 10:00 - 16:00 |
or
Register at the State Revenue Committee
Costs( in detail ) |
Time frame ( in detail ) |
||
|
Free of charge
|
|
Contact details
Entity in charge
State Revenue Committee of Armenia
7 Movses Khorenatsi, Yerevan, Yerevan 0015
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Unit in charge
Any taxpayer service division
| Mon: | 09:00 - 13:00, 14:00 - 18:00 |
| Tue: | 09:00 - 13:00, 14:00 - 18:00 |
| Wed: | 09:00 - 13:00, 14:00 - 18:00 |
| Thu: | 09:00 - 13:00, 14:00 - 18:00 |
| Fri: | 09:00 - 13:00, 14:00 - 18:00 |
Taxpayer Service Divisions
Подразделения по обслуживанию налогоплательщиков
Հարկ վճարողների սպասարկման բաժիններ
Expected results
1.
Username and password
Requirements
1.
National ID card
2.
Agreement with State Revenue Committee
(the agreement is provided during the registration)
(the agreement is provided during the registration)
If registration is made through a representative
1.
-2_14x18.jpeg)
Power of attorney
2.
ID card of representative
Cost Free
Time frame
Waiting time in queue:
Max. 5mn
Attention at counter:
Max. 5mn
Legal justification
1.
Order N 120-A of 08.02.10 of RA State Revenue Committee President (ARM)
(for agreement to become an electronic taxpayer)
2.
Order N 243-A of 27.07.17 of RA State Revenue Committee President (ARM)
(for power of attorney)
Additional information
After successful registration and signing electronic agreement with the State Revenue Committee, you will receive an email with the username and password which can be used to sign in into the system.
After signing in into the system, the authorized user can itself add other users and authorize them to perform actions in the in the electronic tax report system.
Recourse: State Revenue Committee of Armenia
Entity in charge
State Revenue Committee of Armenia
7 Movses Khorenatsi, Yerevan, Yerevan 0015
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Unit in charge
Call Center
| Mon: | 09:00 - 18:00 |
| Tue: | 09:00 - 18:00 |
| Wed: | 09:00 - 18:00 |
| Thu: | 09:00 - 18:00 |
| Fri: | 09:00 - 18:00 |
| Sat: | 10:00 - 16:00 |
5
Register for turnover tax
Costs( in detail ) |
Time frame ( in detail ) |
||
|
Free of charge
|
|
Contact details
Entity in charge
Electronic Tax Report System
Unit in charge
ELECTRONIC TAX REPORT SERVICE CENTER
| Mon: | 09:00 - 13:00, 14:00 - 18:00 |
| Tue: | 09:00 - 13:00, 14:00 - 18:00 |
| Wed: | 09:00 - 13:00, 14:00 - 18:00 |
| Thu: | 09:00 - 13:00, 14:00 - 18:00 |
| Fri: | 09:00 - 13:00, 14:00 - 18:00 |
Expected results
1.
Taxpayer registration confirmation
Requirements
1.
Application form on being deemed turnover taxpayer
Cost Free
Time frame
Submitting an application for turnover tax takes maximum 5 minutes by filling all the necessary information online. Once the application is submitted to the State Revenue Committee, you will immediately receive a confirmation notification.
Attention at counter:
Max. 5mn
Legal justification
1.
Order N191 of 27.06.17 of RA State Revenue Committee President (ARM)
2.
Tax Code of the Republic of Armenia (ENG)
articles 253-265, 455
articles 253-265, 455
3.
Tax Code of the Republic of Armenia (ARM)
Additional information
Turnover tax is a state tax, which substitutes the VAT for individual entrepreneurs. To be eligible for turnover tax regime, the taxpayer’s annual income must be below the turnover tax threshold. As of now, the threshold for turnover tax is 115 million AMD annually. After being registered as an individual entrepreneur, within 20 days you need to submit an application form on being deemed turnover taxpayer to tax authorities via electronic tax report system.
Recourse: State Revenue Committee of Armenia
Entity in charge
State Revenue Committee of Armenia
7 Movses Khorenatsi, Yerevan, Yerevan 0015
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Tel: +374 60 544 444
Email: [email protected]
Website: http://www.petekamutner.am/default.aspx
Directions: Google maps
Unit in charge
Call Center
| Mon: | 09:00 - 18:00 |
| Tue: | 09:00 - 18:00 |
| Wed: | 09:00 - 18:00 |
| Thu: | 09:00 - 18:00 |
| Fri: | 09:00 - 18:00 |
| Sat: | 10:00 - 16:00 |