Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 2/12/2019

Many types of businesses are required to have a license.  A list of activities subject to licensing is provided in Chapter VII, article 43 of the Law on Licensing. The law provides for two types of licenses: Simple and compound (automatic and non-automatic). Generally, service providers requiring professional capability such as physicians, lawyers, bankers, financial brokers and auditors require compound licenses. Armenia has carried out significant reforms to simplify requirements and procedures to obtain permits. Additional Information about licensing can be obtained online.

For working as a senior accountant in an organization whose financial accounts are subject to publication, a qualification certificate issued by Ministry of Finances is required. The necessary information regarding qualification procedure, including downloading and filling in the corresponding application is available here (http://minfin.am/en/page/accountant/).
 

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