ArmInfo.If earlier about 98% of applications for business relocation to Armenia came from the business sector operating in the IT field, today the industry segment has expanded, covering manufacturing, logistics services, etc. Founder of the BWB (Business Without Borders) initiative Mher Ghazaryan said this in an interview with ArmInfo.
He stressed that the main flow of business relocation to Armenia was registered in early March, and now there is already some slowdown. Referring to the data of the State Register of Legal Entities, Ghazaryan said that a total of 2,439 CJSCs, LLCs, individual entrepreneurs and funds were registered in Armenia by citizens of the Russian Federation, Ukraine and Belarus, which is a rather small indicator. "But this is still the beginning," the expert noted.
In this regard, he attached importance to the role of the state in increasing the interest of foreign businesses in the Armenian market. As one example, Ghazaryan stressed that in the field of taxation, the extension of the regime with zero income tax could serve as a good impetus for the relocation of the IT sector.
However, he pointed to certain problems in the banking system. , he noted.
At the same time, the founder of BWB did not rule out that the entry of foreign entrepreneurs into the Armenian market may imply certain changes, including in the field of banking services, business culture, etc.
In connection with incoming requests from foreigners, as Ghazaryan noted, it is possible that Armenian banks will think about certain changes in processes and procedures. As one of the important products of the banking segment, the expert named mortgage loans for non-residents, which can be achieved within the framework of joint projects between developers and banks. In this context, the founder of BWB attached importance to timely response to the requests of foreign businesses, which will exclude the interest of the latter in other markets as a business relocation. It should be noted that according to the Agency for State Register of Legal Persons, from February 24 to April 22, 752 LLCs, 6 CJSCs, 4 funds were registered in Armenia with the participation of individuals and / or legal entities of citizens of the Russian Federation, and 1563 citizens of the Russian Federation were registered as individual entrepreneurs. 29 LLCs, 6 CJSCs, 4 foundations, 60 individual entrepreneurs were registered by citizens of citizens of Belarus. 11 LLCs and 14 individual entrepreneurs were registered by citizens of Ukraine. The mission of the BWB initiative is to help individuals and corporations to continue and expand their business in Armenia. The initiative provides advice and support in the establishment and relocation of a business in various forms: CJSC, sole proprietorship, LLC, etc.; consultations in opening bank accounts and gaining access to banking services; on issues of taxation, tax and accounting; on issues of migration and obtaining a residence permit; investment opportunities; assists in the preparation of commercial and other contracts; provides logistics and cargo transportation services, etc. The founder of the initiative is Mher Ghazaryan, members of the Advisory Board Artur Ghazaryan and Raffi Semerjyan. More information about BWB services is available on the official website: http://bwbinitiative.com/.
