ArmInfo.The Armenian government is simplifying the licensing process in a number of areas of activity. Corresponding amendments to the RA law "on licensing" were approved on October 21 at a government session.
Armenian Minister of Economy Vahan Kerobyan stated that the process was initiated with the aim of making the participation of foreign companies in the Armenian economy more accessible. So, according to the department's research, 13 types of activities were recorded for which the licensing process for foreign companies can be simplified.
As a result, the possibility of licensing in the following activities is simplified for legal entities from member countries of the Eurasian Economic Union, the EU, the USA, Canada, South Korea, China, Japan, Great Britain, Iran, UAE, Georgia: private security activities, collection services, postal communication, nuclear or radioactive materials of devices, organization of railway transport, organization of passenger transportation by taxi from individual entrepreneurs and organizations. The process will also affect the types of activities licensed by the Urban Development Committee: development of engineering and urban planning documentation, examination of urban planning documentation, construction, technical control of construction quality, engineering survey and inspection of the technical condition of buildings and structures. "This will significantly improve the business environment in these areas and facilitate the activities of foreign companies in Armenia through a simplified licensing procedure," the Minister of Economy of Armenia explained.
