[Armenia] What is the best way to open a company remotely and register bank account?

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DavidS

Active Member
Interested in opening a company with 1 EU shareholder and 1 RU shareholder in Armenia.

What is the best way to do this remotely?

Is it possible to do it remotely?

In which banks it would be easiest to open bank account remotely?

If impossible remotely, then travel is an option.

Company does IT business.
It won't have substance in Armenia.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
A CSP, accountant or lawyer in Armenia should be able to advise on this. Have you asked one?
 

marzio

Entrepreneur

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
waow not bad, do you know if they require large amounts to be deposited.

No minimum balance it seems. Check info below:


P.S Just wonder whether in current hostile climate it still has its focus.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Do they only work with high net worth individuals? Need for a small IT company

It is best to speak to them directly about your personal situation.
 

Sols

Staff member
Mentor Group Gold
AFAIK, EWUB requires at least 500,000 EUR. Lower amounts accepted only as an exception for special cases.
 

Martin Everson

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blizz

Mentor Group Gold
No minimum balance it seems. Check info below:


P.S Just wonder whether in current hostile climate it still has its focus.
thank you, I contacted them Friday, will be waiting for them to respond if they do.

AFAIK, EWUB requires at least 500,000 EUR. Lower amounts accepted only as an exception for special cases.
that's a game changer I have not 500K to be deposited :(
 

bullhorn offshore

New member
So what is your suggestion then? What alternatives are there?
If the company is engaged in IT, it is better to implement the business of Georgia. Taxation tends to zero, it is easier to get a business residence permit. Employees can be registered as individual entrepreneurs, and it will be up to 3% tax. I agree with the statement that it will be more difficult with banks than in Armenia, but there is no practice in Georgia to "include an additional tariff for the success of a business."
UAE will be convenient as well. This option will be much more expensive.
 
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