Unlock Armenia’s Tax Advantages: Business-Friendly System and 2024 Reforms

Are you a business owner, startup founder, or investor exploring opportunities in Armenia? With its simplified tax structure, Armenia is quickly becoming a hub for entrepreneurs in the tech, IT, and digital sectors. In this guide, we break down the top reasons to do business in Armenia and explain the key tax benefits you should know in 2024.

Why Start a Business in Armenia? – Armenia offers an attractive environment for local and international businesses, especially those in emerging industries. Here’s why entrepreneurs choose Armenia:

Low Corporate Tax (18%) – One of the lowest in the region

1% Turnover Tax for IT & Tech Companies – Ideal for startups

VAT Exemption and 10% Turnover Tax for Small Businesses – Revenue under 115 million AMD

Easy Company Formation – Fast, paperless setup process

Access to Residency – Business owners can apply for residence permits

Overview of Armenia’s Business Taxes

Corporate Income Tax: 18%

Value Added Tax (VAT): 20% standard rate; exemptions available

Turnover Tax: 1% for eligible IT/tech firms

Property Tax: Based on asset type and location

Payroll & Social Security: Contributions required from both parties

Excise Taxes: Applied to alcohol, tobacco, and fuel

Special Sector Taxes: Gambling and financial transaction taxes

Tax Reforms to Watch in 2024

Digital Business Incentives: New tech-related tax benefits

Improved Transparency: In line with international reporting standards

FDI-Driven Cuts: Lower rates for foreign-funded ventures are under review

Work with Documan to Maximize Tax Benefits

Whether you’re launching a tech startup or relocating your international business, Documan helps you take full advantage of Armenia’s evolving tax system:

✅ Business Registration & Licensing

✅ VAT and Corporate Tax Optimization

✅ Legal & Accounting Services

✅ Tax Strategy and Residency Support

🚀 Scale your business in Armenia today — contact Documan for expert assistance!