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    Emil Lazarian
  • 3 years ago
    • Categories: 2021

Legislative changes enable starting business in Armenia from abroad

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 16:09,

YEREVAN, MAY 17, ARMENPRESS. For the first time, Armenian authorities are enabling consular offices abroad to accept applications from both Armenian and foreign nationals on starting a business in Armenia or buying shares of an Armenian company, the Deputy Minister of Justice Vahe Danielyan said at a news conference.

“There is such a demand globally. When someone wants to register a business in another country serious issues of identification happen. We’ve involved consulates, who will regulate that issue,” Danielyan said. He says this toolbox could positively impact the process of investments in Armenia, and a person willing to register a business or buy shares of an Armenian company can do so without personally traveling here.

Danielyan says raising awareness on the initiative is important and the foreign ministry will start notifying the business circles in various countries.

The amendments to the law will officially come into force after the sub-legislative act is adopted.

Editing and Translating by Stepan Kocharyan

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS