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Most imported products and services are handled by agents and distributors. Most companies in Armenia are relatively small and family-owned and operated, although there are some notable exceptions, including several major local and European supermarket chains and a few department stores. Big companies representing multiple brands often have their own distribution centers based out of Yerevan.
Given Armenia''s market size and the staff and resources required for a U.S. firm to establish a presence in the country, it is often more effective to sell in Armenia through reliable and qualified representatives who understand the local environment and dealing with partners in both the private and public sectors. There is no legal requirement to use a local distributor.
Armenian companies are usually willing to become agents or distributors for American products. In recent years, local companies have agreed to become distributors for U.S. companies including Procter & Gamble, Mars, Johnson & Johnson, FedEx, UPS, Dell Computers, Intel, IBM, and Nike. U.S. companies seeking local agents or distribution partners may contact an Armenian legal consulting firm for assistance in finding a partner here. Contracts for agents and distributors may vary significantly depending on the sector.
U.S. firms should carefully evaluate the reputation and bona fides of any prospective representative or agent before entering into contractual agreements or conducting any other business with such partners.
The American Chamber of Commerce in Armenia has experience identifying prospective agents and distributors and can serve as a resource for obtaining information about local companies, distributors, wholesalers, and retail outlets.
Practical information on company backgrounds, contact details, physical locations, and product offerings is also available via Armenia business directories such asSpyur.
The use of an accountant for tax planning purposes is also recommended.
In general, the process of registering a business in Armenia is quick and straightforward. Registration is handled electronically through the State Register of Legal Entities of the Ministry of Justice. A single window service facilitates name reservation, state registration, and tax registration as part of a single registration process.Required documents can be submitted either in hard copy or electronically. Registration can be completed immediately if documents are submitted electronically. Approval can take up to two working days for registrations submitted physically using approved templates.
Office space is widely available in Yerevan, but demand has picked up in recent years, reducing the stock of available property mercial property prices in the center of town have increased significantly in 2022 due to company relocations and the large inflow of foreigners affected by the war in Ukraine.
The eRegulations Armenia Portal isa guide on business and foreign investment-related procedures providing step-by-step rules through detailed, practical, and up-to-date descriptions, as seen from the user’s point of view. Users have a possibility to obtain online information on business processes in simple (non-legal) and comprehensible language at no cost.
For the latest Investment Climate Statement (ICS), which includes information on investment and business environments in foreign economies pertinent to establishing and operating an office and to hiring employees, visit the U.S. Department of Department of State''sInvestment Climate Statements website.
The growing number of European franchises in Armenia and the prevalence of copycat shops and restaurants, together with a general premium on name brands and a consumption-driven economy, suggest additional opportunities for U.S. franchises in Armenia, especially in Yerevan anchise offers from well-known U.S. brands stand to attract substantial interest in Armenia, both from customers and local investors. Franchises tend to be concentrated in fast food restaurants and retail apparel. Fitness concepts have also seen growth in Armenia Yerevan in recent years.There is no specific legislation in Armenia for franchising.
Although Armenian law generally permits 100 percent foreign ownership of business enterprises, joint ventures are a popular arrangement between Armenian and U.S. companies as a means of penetrating the local market. Joint ventures are often registered either as limited liability companies or joint stock companies. In most cases, it is advisable for the U.S. partner to retain managerial and voting control.
Armenian and foreign postal and delivery companies have established a reliable system for the shipment of goods to and from Armenia.HayPost CJSC is the official national postal operator of Armenia. The company provides postal, payment, and retail services. Haypost currently operates through 900 postal offices across Armenia, including in some of the country''s most remote rural areas.
According to EAEU customs legislation, the shipment or transportation of goods and products for personal use via international mail delivery services by individuals and foreign individuals is duty-free if the goods total weight is less than 31 kilograms, and the customs value does not exceed 200,000 Armenian Drams (about $520). For the customs procedures and duties exceeding the above-mentioned limits, please visit the Customs, Regulations, and Standards section of this report.
U.S. companies are strongly advised to performappropriate due diligence prior to signing contracts with new partners. Companies are responsible for complying with all applicable laws and regulations of the United States, including the U.S. Foreign Corrupt Practices Act. While western-style legal consultancies exist to help find partners or perform due diligence, their capacity to act as responsible agents is limited, largely due to the lack of transparency in the business culture as a whole. Most successful foreign investors have Armenian partners who are familiar with the local business environment.
The U.S. Embassy in Armenia and U.S. Commercial Service can provide in-depth or basic background information on specific foreign companies to help determine their suitability as potential business partners via the International Company Profileservice.
International Trade AdministrationU.S. Department of Commerce1401 Constitution Ave NWWashington, DC 20230
TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. APDF readeris available from Adobe Systems Incorporated.
You can store your equipments and other belongings starting from one day to several months.
Если вам нужно освободить место в доме или квартире в Ереване, существует несколько популярных вариантов хранения вещей. В зависимости от ваших предпочтений, бюджета и количества вещей, вы сможете выбрать подходящий способ. Давайте рассмотрим три основных варианта.
Аренда кладовки — это хороший выбор, если у вас много вещей или вам необходимы дополнительные услуги, такие как климат-контроль, страхование и круглосуточная охрана. Многие компании предлагают услуги по транспортировке, поэтому вам не придется беспокоиться о доставке. Этот вариант прекрасно подходит для хранения ценных и деликатных предметов, которые требуют особых условий.
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