Armenia’s economy has undergone a profound transformation since independence in 1991 Sustained growth, ambitious first generation transition reforms, as well as inflows of capital and remittances have created a market-oriented environment. 

On 1 January 2015, Armenia became a member of the Eurasian Economic Union – due more to its choice to yield to Russian pressure than because of great expectations of positive economic benefits. 

An update on the economy from the EBRD

This site ranks Armenia for ease of doing business in key categories

See 2 – “Structures for Doing Business” on this site

See 2 – “Registration” on this site

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Armenia. 

In the long-term, the Armenia Sales Tax Rate | VAT is projected to trend around 20.00 percent in 2020, according to our econometric models.

The Corporate Tax Rate in Armenia stands at 20 percent.

Armenian-resident entities, and non-resident entities doing business in Armenia through a branch or a representative office, are liable for CIT.  The standard CIT rate is 20%.

The Personal Income Tax Rate in Armenia stands at 36 percent. Personal Income Tax Rate in Armenia averaged 23.23 percent from 2003 until 2015, reaching an all time high of 36 percent in 2014 and a record low of 20 percent in 2004. Personal Income Tax Rate in Armenia is reported by the Tax Service of Republic of Armenia.

Residents are liable for tax on their worldwide income. Non-residents are liable for tax only on their Armenian-source income. Tax table on this site.

The Sales Tax Rate in Armenia stands at 20 percent.

Comprehensive Information on Armenia Visa Requirements

This site identifies the countries where citizens of those countries will require a visa to enter Armenia

63 tips on getting to and getting around Armenia from real travelers and locals.

A guide to bus, rental car and airport information

Coming into 2016 the Armenian telecom market represented another developing market that is very busy trying to put an effective national telecommunications service in place. 

Armenia’s telecoms market is small and highly saturated thanks to early liberalisation. There are few opportunities for new entrants, given the dominance of incumbent ArmenTel in the wireline voice arena and VivaCell-MTS in the mobile market.

Labor law of Armenia

Labor law of Armenia

Armenia is often described as a sunny country. The climate is highland continental, dry with four seasons.Temperatures can vary considerably between seasons. The summer is generally pleasant reaching 25°C, though in the Ararat valley temperatures can climb to 40°C.

Latest travel advice for Armenia including safety and security, entry requirements, travel warnings and health

There is no nationwide advisory in effect for Armenia. However, you should exercise a high degree of cautionoccasional demonstrations and protests.

Average prices of more than 40 products and services in Armenia. Prices of restaurants, food, transportation, utilities and housing are included.

List of prices in Yerevan (Armenia) for food, housing, transportation, going out, and more

Guide to travel, doing business, and studying in Armenia – culture, greetings, gestures,etiquette, protocol, negotiations, gift-giving, and more.

It may be helpful to be aware that Armenians largely identify as Armenian Christians. Certain formalities in business transactions are typically followed.

The climate in Armenia is mountainous, continental. Since the country is located high above sea level, weather, regardless the season, very often varies even in the nearby regions.

Education is a priority in emerging Armenia that begins at pre-schoolwhere physical, moral and mental development is initiated

Armenia holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016

Quick reference guide to public holidays dates in Armenia

See “People and Society” on this CIA site

This site discusses the demographic features of the population of Armenia, including population growth, population density, ethnicity, education level, health, economic status, religious affiliations, and other aspects of the population.

This list contains the most popular international and bilingual schools in Armenia: nursery schools, primary and secondary

Customs regulations and procedures for importing and exporting goods at border. 

Moving to or from Armenia? Find International Shipping Companies near your area.

Although Russia still remains the largest single destination for Armenian exports, the network of Armenia’s trade partners has expanded significantly over the last decade to include European Union countries and the USA. 

This site provides key information on the Republic of Armenia’s participation in the WTO. The Republic of Armenia has been a member of WTO since 5 February 2003.

Find 6,169 traveler reviews, candid photos, and prices for 106 hotels in Armenia.

Search our Furnished Short Term Housing & Extended Stay Hotel directory

TripAdvisor has 38,726 reviews of Armenia Hotels, Attractions, and Restaurants making it your best Armenia resource.

Around the country, travel highlights include the charming little town of Goris and the arty mountain settlement of Dilijan, but exploration anywhere in Armenia is likely to reap rewards.