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On foreign investments in the Republic of Armenia

Guarantees for foreign investments in the Republic of Armenia:

The purpose of the RA Law “On Foreign Investments”, adopted on the 31st July of 1994 is to attract foreign investment and guarantee the non-nationalization of said investment. One of the important points of this law is the requirement that any deprivation of property rights is declared only via the appropriate courts. In the event of nationalization, the law of the Republic of Armenia provides for full compensation.

Foreign investors in the Republic of Armenia are protected from harm caused by the unlawful actions of the government. The RA Law “On Foreign Investments” also provides for the right for the investor to freely export from the Republic of Armenia their cash and profits made during their investment. For example, after the implementation of investments in the law “On Foreign Investments” of the Republic of Armenia, the law is amended and this amendment is influencing their investment, the investor has the right for the duration of five years to get rid of any points that do not meet the objectives of their investment.

Types of foreign investments in the Republic of Armenia

Foreign investments in the Republic of Armenia may be implemented in the form of:

  • Foreign currency;
  • Movable and immovable property, or any associated property rights;
  • Any type of securities provided for by the legislation of the Republic of Armenia;
  • Cash requirements, legal requirements, and fulfillment of obligations if they have the contract price;
  • The intellectual property rights;
  • The realization of the right to economic activity not prohibited by the legislation of the Republic of Armenia;
  • Realization of the rights and the extraction of natural resources;
  • The paid services;
  • Other investments not prohibited by the legislation of the Republic of Armenia.

 

Forms of realization of foreign investments in the Republic of Armenia

Foreign investors have the right to implement investment projects on the territory of the Republic of Armenia by;

  • The acquisition of existing enterprises;
  • Opening of branches, or representative offices of foreign legal entities;
  • Opening a foreign legal entity;
  • The acquisition of shares in existing companies on the territory of Armenia;
  • Through the creation of new legal entities with the participation of the citizens of the Republic of Armenia;
  • Through the acquisition of the securities provided by the legislation of the Republic of Armenia;
  • Independently, or via a legal entity in the Republic of Armenia, or with a person not having legal personality, as well as, with the participation of the citizens of the Republic of Armenia and the acquisition of rights to land use, and by acquisition of concessions for use of natural resources in the territory of the Republic of Armenia;
  • Acquisition of other property rights;
  • Conclusion of contracts with legal entities or other organizations not having legal status;
  • Other means not prohibited by the legislation of the Republic of Armenia.

The prohibition or restriction of types of realization of foreign investments may be allowed to proceed only in accordance with the legislation of the Republic of Armenia.

03.12.2015

BusinessForeign investment and businessForeigners
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