Armenia is a country rich in culture and centuries of history. The country borders Azerbaijan, Georgia, Iran, and Turkey, which makes it a great gateway not only to the Caucasuses and Russia, but also to the Middle East.
Currently, the country is experiencing significant GDP growth. After a flat 2016, GDP has grown significantly in the last two years: 7.5% in 2017 and 5% in 2018. Armenia offers a range of opportunities for business development.
Armenia benefits from the EU’s Generalised Scheme of Preferences plus (GSP+) arrangement, with advantageous access to the EU market and reduced export taxes. Furthermore, the Comprehensive and Enhanced Partnership Agreement was signed between Armenia and the EU in 2018, which significantly extends and simplifies cooperation and trade with the EU.
Besides being a significant partner of the EU in the Caucasus region, the country is a solid member of the Eurasian Economic Union, which grants it duty-free trade with Kazakhstan, Russia, Belarus, and Kyrgyzstan.
In 2018, Armenia ranked 44th in the index of economic freedom issued by The Heritage Foundation, which is the best ranking among the other members of the EAEU. In the World Bank’s ‘’Ease of Doing Business’’ report, Armenia ranked 41st. A high degree of economic freedom makes Armenia a safe partner in the EAEU market.
SCHNEIDER GROUP has recently opened an office in Yerevan, Armenia. If you’re interested in doing business in Armenia, our professional experts with decades of experience in supporting companies’ expansion in the CIS are at your service.
Services we offer in Armenia
Market Entry Services
SCHNEIDER GROUP supports you with entering a new market within just a few days and without the hassle of company registration via our office-in-office solution.
- Market Analysis
- Distributor search
- Recruiting services
- Office in office solutions
- Fully equipped working desks with full office infrastructure
- Import handling
ERP systems & Accounting automation
SCHNEIDER GROUP supports you with setting up the right ERP system for your needs.
- Upgrade 1C accounting to a full ERP System
- SAP implementation
- Transparency in Accounting
- Automation of Accounting
- Controlling of Accounting
SCHNEIDER GROUP provides Interim General Director Services for your subsidiary in Armenia:
- We take over the function of the General Director and make sure all administrative obligations are met
- CFO Function
- Controlling Function
Localization of production
SCHNEIDER GROUP provides you with overall support in all questions concerning the search for the right partnerships and construction of production in Armenia
- Compare industrial zones
- Cooperation with state authorities
- Search construction and project management firms
Accounting and tax compliance