Registering an LLC in Armenia is the most popular way to open a company for local entrepreneurs and foreign investors alike. The law does not set a mandatory minimum authorized capital, a foreign citizen or foreign company can be the sole founder and director, and 100% foreign ownership is allowed without restriction.
Which legal form to choose: LLC, CJSC, OJSC or a sole proprietorship
If you are unsure which legal form suits your company - LLC, CJSC or OJSC - in most cases an LLC is the simplest and most favourable option: there is no minimum capital requirement, the liability of participants is limited to their share, and registration and ongoing reporting are simpler than for joint-stock companies. Registering as a sole proprietor removes the questions of authorized capital and legal address, but a sole proprietor is liable for business debts with all of their personal property, not only the invested capital, unlike LLC participants.
Documents required to register an LLC:
- the founders' decision (minutes) on establishing the LLC - covering approval of the charter, appointment of the director, the amount of authorized capital and its payment terms;
- an application in the prescribed form to the State Register of Legal Entities;
- the LLC charter;
- the receipt confirming payment of the state duty;
- a document confirming the company's legal address.
Legal address at registration. Before filing the application you need to determine the future company's legal address. Using a so-called "mass legal address" is risky - the registering authority may refuse registration if the address raises doubts.
Timeline and procedure. LLC registration in Armenia goes through the State Register of Legal Entities; the application can be filed in person, through an authorized representative, or electronically. With a properly prepared set of documents, registration handled by "Your jurisconsult" takes 2 business days.
What our lawyers handle during LLC registration:
- choosing the business form and advising on authorized capital and ownership structure;
- drafting the charter, founders' minutes and the application;
- filing documents with the registering authority and obtaining the registration certificate;
- tax registration and opening a bank account;
- subsequent changes to the founding documents, change of director or participants, and company liquidation.
Frequently asked:
Can a foreigner register an LLC in Armenia without a local partner? Yes, a foreign citizen or foreign company can be the sole founder and director of an LLC; participation of an Armenian resident is not required.
Is a minimum authorized capital required? The law does not set a mandatory minimum; in practice the contribution can be any asset, for example equipment.
How much does LLC registration cost? The cost depends on the scope of support (document preparation, representation before state bodies, opening a bank account) and is quoted individually during a consultation.
If you have questions about how to open an LLC in Armenia, contact us - the lawyers of "Your jurisconsult" support registration and the ongoing work of your company. For more detailed information write to info@jurist.am.