Starting from 2015 Armenian legislation contains special legal regime of tax privileges for Armenian IT (and some engineering) startups.

According to “Armenian law on state assistance to IT sector” Armenian companies (or sole entrepreneur) (hereinafter “IT startups”) within 3 months after registration may apply to special certification committee to get certificate and enjoy tax privileges for the next 5 years.
Tax privileges imply:
• 0% corporate income tax (instead of 20% of net income out of general tax regime),
• 10% employee income tax (instead of 23% of general tax regime).
In order to get certificate applicant IT startups, need to comply with certain criteria such as:
operation in certain fields like
• software development, computer technology consulting, computer systems management, data processing, web development, web hosting, hosting services, development of electronic systems (this one implies also engineering startups), IT education, etc.,
• No more than 30 employees,
• shareholders of applicant IT startup should not own (at the moment and 3 years before application) shares of another Armenian IT Startup or be a sole entrepreneur (operating in IT sector),
• applicant IT startup should not be subsidiary of other legal entity etc.
Of course, the certified IT startups need to follow certain restrictions (mostly the criteria stated above) during the operation under the privileged tax regime.
During the 5 years of implementation almost 850 IT startups have got the mentioned certificate.
Our professional team can assist you in registering a company and getting the certificate which will grant your company the tax privileges mentioned above.
The process of granting the certificate takes maximum 30 days upon application. So, in average, within 40 days after having all necessary documents we will registerer an IT Startup (company) and get a certificate.
This process can be done remotely (based on power of attorney), thus until the moment of opening a bank account the company nor the director neither the founder of the company needs to be in Armenia.
Upon request we can also provide you with a legal (postal) address for the company, necessary for registration process.
We can also connect you with an accounting firm specialized in bookkeeping services for certified IT startups.
For further information please contact our team we can provide the best quality services against best price.