Individual entrepreneur ԱՁArmenia
What it takes to form, own and run a sole trader in Armenia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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An individual entrepreneur shall bear liability for his or her obligations with the property owned thereby, except for the property whereon execution is not levied in accordance with law.
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ՀՀ բնակչության պետական ռեգիստրում հաշվառված ՀՀ և օտարերկրյա քաղաքացիություն ունեցող ֆիզիկական անձանց
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Against the tax base of individual entrepreneurs carrying out activity in the general taxation system, the profit tax shall be calculated at a 23 percent rate
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 1 · at most 1 · one person may form it alone
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ՀՀ բնակչության պետական ռեգիստրում հաշվառված ՀՀ և օտարերկրյա քաղաքացիություն ունեցող ֆիզիկական անձանց
- A local company secretary
- Does not apply
- A local registered agent
- Does not apply
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the ԱՁ.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the ԱՁ are in our records.
What is public
Not in our records What the register shows the public is not in our records for the ԱՁ.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 23%+1 regime
Against the tax base of individual entrepreneurs carrying out activity in the general taxation system, the profit tax shall be calculated at a 23 percent rate
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Against the tax base of individual entrepreneurs carrying out activity in the general taxation system, the profit tax shall be calculated at a 23 percent rate
Special regimes that may apply
- Ազատ տնտեսական գոտու շահագործողի շահութահարկից ազատումը free zone · 100% exempt
Profit-tax payers holding free economic zone operator status, on income from activity carried on inside a FEZ established in Armenia, whether that income arises from Armenian or foreign sources ՀՀ հարկային օրենսգիրք, հոդված 126, մաս 7; «Ազատ տնտեսական գոտիների մասին» ՀՀ օրենք
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Armenia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Removal from state record-registration (Անհատ ձեռնարկատիրոջ հաշվառումից հանում), listed on the registry's service index
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Անհատ ձեռնարկատիրոջ հաշվառումից հանում
- Statutory fee
- Free
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No state duty shall be charged for removal from state record-registration of a person record-registered as an individual entrepreneur.
Every business in Armenia
VAT
- Standard rate
- 20%
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VAT against the tax base of transactions and operations considered to be the object of VAT taxation as prescribed by Article 60 of the Code shall be calculated at the rate of 20%
- Other rates
- 0% Transactions taxable at the zero rate under Article 65, including goods exported under the customs procedure 'Export'
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Taxation at zero rate of VAT shall be the calculation of VAT at zero percent rate with respect to the tax base of transactions deemed to be VAT taxable objects prescribed by Article 60 of the Code.
- Registration threshold
- AMD 115,000,000
sales turnover for all types of activities; preceding tax year, or the current tax year once the threshold is exceeded
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in case of being considered a VAT payer on the ground of exceeding the threshold of the amount of AMD 115 million of sales turnover with respect to all types of activities in the tax year, the VAT shall be calculated and paid in the amount exceeding the VAT threshold
- Voluntary registration
- Yes
A taxpayer below the threshold may submit a statement to the tax authority to be record-registered as a VAT payer, from a day not earlier than the 20th day before the statement.
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in case where the organisation or individual entrepreneur submits a statement to the tax authority making an indication of the fact of being considered a VAT payer and being record-registered as a VAT payer
- A foreign company
- Registers from its first taxable supply
A non-resident organisation without a permanent establishment that supplies electronic services to natural persons is placed on record-registration regardless of turnover; where it supplies other taxable goods or services, the Armenian VAT payer contracting with it accounts for the VAT as tax agent. No representative is required by the provisions read, but the registration procedure is set by Government decree which was not read.
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In case a non-resident organisation not having a permanent establishment in the Republic of Armenia provides electronic service to a natural person who is not considered to be an individual entrepreneur or a notary
- Returns filed
- Monthly
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Every reporting month shall be deemed to be a reporting period for the calculation and payment of VAT, except for cases prescribed by part 2 of this Article.
- Tax authority
- State Revenue Committee of the Republic of Armenia (SRC)
Payment and banking services
1 service names Armenia on its own list: Paysera. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Sole traderDerived our grouping, the same words in every country
- Name in law
- Individual entrepreneur (ԱՁ)
- Identifier
- AM-INDIVIDUAL-ENTREPRENEURA form ISO 20275 does not list.