Wednesday, December 4 2019 16:11
Naira Badalian

Investment potential of Armenia presented in London

Investment potential of Armenia presented in London

ArmInfo. The delegation of the Republic of Armenia for the first time participated in the exhibition "Direct Foreign Investments", which was held on November 27-28 in  London, the press service of the Ministry of Economy of Armenia  reports.

According to the source, the event united under one roof a number of  companies, suppliers, experts, consultants, investment policy  specialists, free economic zones organizers, and investor support  agencies looking for new opportunities for business expansion.   Visitors to the expo were introduced to the investment potential of  Armenia and the advantages of the business environment in Armenia, in  particular, the "eRegulations Armenia" platform, where step by step  the procedures that are important for the investor are presented. It  was noted that the site will become a guide for starting a business  in Armenia for those who plan to expand their activities in Armenia.

The electronic platform "eRegulations Armenia" was created thanks to  the United Nations Development Program (UNDP) and with funding from  the Austrian Development Agency. The new electronic platform will  allow everyone to get electronic public services from the "one  window". On May 31 this year the presentation of the  armenia.eregulations.org platform took place. 

As Artak Poghosyan, head of the E-Governance Program as a Tool for  Attracting Foreign Investment, told reporters, through this platform  it will be possible to open your own company or get a resident card  (for a year or five years). Entrepreneurs will be able to register  intellectual property in their technologies. And when they start  releasing their goods in Armenia, the platform will be useful to them  again: through it they will be able to receive certificates of origin  for their goods. All this can be done electronically. Here, in the  system, business or individuals will be able to conclude a contract  for utilities (electricity, gas, water). This feature will be  available soon. It was noted that with the help of the new system, a  foreign investor will be able to open an enterprise in Armenia,  sitting at a computer, without the need to "run through the  authorities." And this will increase the attractiveness of Armenia  for foreign investors.