You can open a business in Armenia in a day.
After the start of the war in Ukraine, Russian business began frantically looking for a place to go and continue working, while retaining all the benefits previously available, including travel, fashion clothing, etc. Most choose Armenia and this country is loyal to the Russians.
According to the Russian Forbes, this is facilitated by the following factors: a simple procedure for registering a company, the ability to come without a passport, the initiatives of the authorities, who are trying to integrate visitors into the local business community.
“Local authorities are willing to cooperate with Russian entrepreneurs and help them integrate into the country's economy. On March 1, the Ministry of Economy of Armenia set up a working group that will help entrepreneurs from Russia, Belarus and Ukraine to adapt, ”the article reads.
In general, Armenia is especially loyal to IT specialists. Back in 2015, local authorities reduced the income tax rate for the IT sector to 10% (the rest pay 26% or more) and exempted IT companies from paying income tax.
In addition, it is quite simple and quick to open a legal entity in Armenia. Detours will be required to open a legal entity, but you can easily register as a sole proprietor. It took nothing but a Russian and a foreign passport (SPs are registered on a foreign passport, but registration information is entered from the Russian passport). Registration will cost 3500 drams (about 1000 rubles).
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Earlier, Danilova said that Ukraine would not mind the emergence of a second front in Karabakh, the Kuril Islands and Kaliningrad.
