How to register a business from scratch
If you want to start a business but have not yet registered as a sole proprietor or set up a company, follow the steps below to avoid mistakes, penalties and fines, and to avoid paying higher taxes than you need to.
-
Step 1
Register your sole proprietorship or company
Go to the State Register or any post office and register your sole proprietorship or company.
Where to go- State Register, 49/3 Komitas Ave
- State Register, 3 V. Sargsyan St
- Any post office
-
Step 2
Open a bank account
Take your registration documents to a bank to open an account.
Sole proprietor
- Registration certificate (extract)
- Passport
LLC
- Registration certificate
- Charter
- Director's passport
-
Step 3
Choose a tax regime with an accountant
Talk to an accountant and decide together which tax regime you will work under.
Deadline20 daysYou have 20 days for this, counting the day your sole proprietorship or LLC is registered. If you do not tell the tax authority which regime you have chosen within that time, your business is automatically taxed at the higher rates.
Want help choosing the right tax regime?
Contact us right after you register so you do not miss the 20-day deadline.