Shareholders, in their switch, are not accountable for debts of the company, and the doctrine of corporate veil piercing is not applicable in Armenia.
Development
A company is formed by submitting a statute (content of incorporation) with the State Registry. Armenian regulation supplies for exact same day organization incorporation and the complete method can acquire as little as 30 minutes. Furthermore, it is doable to submit all necessary documents on the internet. It is as a result not required for incorporators to arrive to Armenia as very long as they have a local agent in Armenia or a proper e-signature certificate. Articles or blog posts of incorporation should be filed in Armenian but the use of parallel languages is not confined. A solitary shareholder is enough to develop a company. It is not essential for a company to have directors but it must have an government officer who can be the shareholder himself. Shareholders and the govt officer can be corporate entities. The company ought to keep a registered office (legal handle) in Armenia but no nearby secretaries are necessary. The corporation's existence can be specified in the content of incorporation. Armenia is get together to the Apostille conference and incorporation paperwork are suitable for an apostille. Registration service fees do not count on the value of share cash and sum to somewhere around $forty five. Armenian law does not understand migration of domicile.
Trade Title
Trade names are registered in Armenian but it is lawful to use their translations into other languages. Organizations are required by legislation to use endings stating the minimal liability. Trade names shall not contain words like "bank" or "insurance," except the company has a suitable license. Phrases "Armenia" or "Armenian" can be utilised only following a formal authorization by the Federal government is granted. It is attainable to test the availability of names on the internet.
Share Cash Demands
Firms may possibly concern shares in wide variety of kinds and classifications: preferential or common, voting or non-voting. Bearer shares and no par value shares are not licensed. There are no minimal or utmost boundaries on the volume of share richesse. Without a doubt, there are no demands for any compensated in cash. Share cash can be paid out in Armenian currency or by transferring other non-money belongings. Share register ought to be kept and preserved by a accredited registry other than the company.
Privateness and Confidentiality
Nominal shareholders are permitted, and particulars of valuable or nominal shareholders and administrators are not component of manifeste record. Nevertheless, articles of incorporation, info on govt officer, regional address and share capital are accessible to manifeste.
Servicing and Administration
A corporation should at the very least have an executive officer. Organization workers, nearby administrators and secretaries are not expected. The govt officer and administrators can be business entities. Officers, administrators and staff can be international citizens and citizens of any place. Registration costs are paid out only after, and no yearly expenses are payable to the Registry. Books and documents need to be maintained but there are no requirements for submitting them with the Registry, except for amendments to articles of incorporation and improvements of executive officers. There are no necessities for yearly audits. Yearly meetings can be anywhere in the planet, and shareholder can be represented by proxies.
Development
A company is formed by submitting a statute (content of incorporation) with the State Registry. Armenian regulation supplies for exact same day organization incorporation and the complete method can acquire as little as 30 minutes. Furthermore, it is doable to submit all necessary documents on the internet. It is as a result not required for incorporators to arrive to Armenia as very long as they have a local agent in Armenia or a proper e-signature certificate. Articles or blog posts of incorporation should be filed in Armenian but the use of parallel languages is not confined. A solitary shareholder is enough to develop a company. It is not essential for a company to have directors but it must have an government officer who can be the shareholder himself. Shareholders and the govt officer can be corporate entities. The company ought to keep a registered office (legal handle) in Armenia but no nearby secretaries are necessary. The corporation's existence can be specified in the content of incorporation. Armenia is get together to the Apostille conference and incorporation paperwork are suitable for an apostille. Registration service fees do not count on the value of share cash and sum to somewhere around $forty five. Armenian law does not understand migration of domicile.
Trade Title
Trade names are registered in Armenian but it is lawful to use their translations into other languages. Organizations are required by legislation to use endings stating the minimal liability. Trade names shall not contain words like "bank" or "insurance," except the company has a suitable license. Phrases "Armenia" or "Armenian" can be utilised only following a formal authorization by the Federal government is granted. It is attainable to test the availability of names on the internet.
Share Cash Demands
Firms may possibly concern shares in wide variety of kinds and classifications: preferential or common, voting or non-voting. Bearer shares and no par value shares are not licensed. There are no minimal or utmost boundaries on the volume of share richesse. Without a doubt, there are no demands for any compensated in cash. Share cash can be paid out in Armenian currency or by transferring other non-money belongings. Share register ought to be kept and preserved by a accredited registry other than the company.
Privateness and Confidentiality
Nominal shareholders are permitted, and particulars of valuable or nominal shareholders and administrators are not component of manifeste record. Nevertheless, articles of incorporation, info on govt officer, regional address and share capital are accessible to manifeste.
Servicing and Administration
A corporation should at the very least have an executive officer. Organization workers, nearby administrators and secretaries are not expected. The govt officer and administrators can be business entities. Officers, administrators and staff can be international citizens and citizens of any place. Registration costs are paid out only after, and no yearly expenses are payable to the Registry. Books and documents need to be maintained but there are no requirements for submitting them with the Registry, except for amendments to articles of incorporation and improvements of executive officers. There are no necessities for yearly audits. Yearly meetings can be anywhere in the planet, and shareholder can be represented by proxies.
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