Armenia flag Armenia: Investing in Armenia

Investment framework and opportunities in Armenia

Procedures Relative to Foreign Investment

Freedom of Establishment
Freedom of establishment is guaranteed.
Acquisition of Holdings
As part of the privatization programme initiated by the government of Armenia, a foreign investor can acquire an interest in a domestic company (both public and private) through purchase of shares or its assets. The properties and companies owned by the State need to be privatized before being acquired by a foreign investor. Privatization process in the country is regulated by the 'Law on Privatization of State Property'.
Obligation to Declare
Foreign investors can make investments in Armenia only through the establishment of fully foreign-owned companies (including representations, affiliates and branches) or the purchase of existing companies and securities or the establishment of joint-ventures. There are no limitations on the volume and type of foreign ownership, the number of foreign employees' and access to financial sources.
In addition, a foreign investor is bound to bear the responsibility for any violation of legislation of the Republic of Armenia, as defined by legislation of the Republic of Armenia. Property of a foreign investor, including working capital and property rights may be used by that investor to guarantee any type of obligations.
Competent Organisation For the Declaration
Ministry of Finance
Requests For Specific Authorisations
There are no limitations in foreign ownership.

However, foreigners can only lease land and need permission to lease land on a long-term basis.

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Investment Opportunities

Investment Aid Agency
Business Armenia
Ministry of Economy of the Republic of Armenia
Tenders, Projects and Public Procurement
Tenders Info, Tenders in Armenia
Globaltenders, Tenders & Projects from Armenia
DgMarket, Tenders Worldwide
Other Useful Resources
Invest in Armenia (Global SPC)
Doing business in Armenia (Ministry of Foreign Affairs of the Republic of Armenia)
Invest in Armenia

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Latest Update: April 2024