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An amendment was made to the RA Law on "Value-Added Tax" on March 17, 2016. The citizens will no longer pay VAT on the cars imported from the EEU countries (such as Russia, Kazakhstan, Belarus and Kyrgyzstan) for their personal use.
The amendment was signed by the President of the RA on March 26, 2016 and it entered into force on March 31, 2016.
Details at: http://www.hg.org/article.asp?id=38287
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Is it necessary to amend the jurisdictional rules of Republic of Armenia with the traditional “forum non conveniens” rule ?
Legal practitioners from civil law countries, especially those from post-soviet area (hereinafter referred as “Developing civil law systems” or “DCL systems”) find the doctrine of “forum non convenience” (hereinafter referred as “FNC”) very strange. It is, indeed, very unusual, at least in DCL systems, that the court may have discretionary power to decline to exercise its jurisdiction, when it would be more convenient for the parties if their case would be heard by the other court.
However, as a matter of fact, the absorption of different legal institutes from developed legal systems is now a widely accepted practice in DCL systems, no matter how unusual those institutes are for their local legal cultures.
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Company formation in Armenia
In determining if you wish to establish a limited liability company either a Closed Joint Stock company in Armenia, you will want to consider many factors, from management structure to tax codes. In making this decision, you may want to consult with an expert attorney of our law firm.
This publication is designed to provide general guidance to those interested in organizing a limited liability company in Armenia.
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