Open bank account in Armenia- While it's not easy nowadays to open and maintain bank account for your international company, opening bank account in Armenia will be a great alternative to the existing options which are not as good as before.

Full Internet banking + No personal Visit + No minimum deposits are quite enough to stress out the privileges of Armenian banking.

List of Documents Required for Opening Bank Account For Non-Resident Legal Entities To open bank account in Armenia we will need following documents

• Charter or equivalent document
• Incorporation certificate issued by the competent authority of the respective country
• Corporate resolutions or authorization to make transactions through the account (not required if the account transactions will be performed by the executives authorized so in the articles of incorporation)
• IDs or Passports of executives and persons authorized to operate the account (authorized signatories )
• Certificates about the head(s) of the entity’s executive body, shareholders holding 10 percent or more of the entity’s voting shares or stock issued by the registering agency or Certificate of Incumbency containing such information
• Copies of documents required for identification of persons holding 10 percent or more of the legal entity’s voting shares or stock and beneficial owners (ID or passport for individual clients , charter or other equivalent document and state registration certificate or proof of registration issued by an authorized body – for legal entities)

Identity document means:
a) for Republic of Armenia citizens: passport (including biometric passport), or identity card, or military ID card for those who are on compulsory military service; temporary identity document or temporary certificate issued by the Republic of Armenia police under the Republic of Armenia Government; for minors under 16: passport, birth certificate
b) for asylum applicants: asylum applicant’s ID
c) for officially recognized refugees and persons granted political asylum: convention travel document
d) for foreign citizens: passport or an internationally recognized travel document issued by a foreign state or an international organization; documents certifying legal residence in Armenia, such as permanent residence card, temporary residence card, special passport of the Republic of Armenia
e) for stateless persons: travel document issued by a foreign state; residence certificate for stateless persons permanently resident in Armenia; documents certifying legal residence in Armenia, such as permanent residence card, temporary residence card, special passport of the Republic of Armenia
f) for refugees granted temporary protection: identity document of the temporarily protected person (certificate of temporary asylum)

 Documents to be filled in on the Bank template

• Application-agreement (or agreement)
• Client data sheet, communication instruction (first time you apply to the Bank)
• Instruction to perform transactions through the account, containing specimens of signatures and seal   (not required if a corporate seal is not a legal requirement under the respective jurisdiction in which case the entity submits a declaration on absence of corporate seal)
• Beneficial owners information form
• POA

The documents shall be apostilled.