ECOS Free Economic Zone
A platform for the development of a digital business environment and the production of innovative technological products and services.
Who can become a FEZ resident
FEZ ECOS invites companies specializing in the following fields of activity for cooperation:
New digital technologies: blockchain, artificial intelligence
Information technology, software
Development and production of technological solutions
Other directions of the sphere of advanced and science-intensive technologies
Opportunities of the ECOS Free Economic Zone
Infrastructure, necessary services, special tax and customs regimes and access to an international database of specialists - everything for the successful launch and development of your business.
Smart officesMultifunctional workspaces
IT infrastructurePower unit, data center, mining farm
ServicesTo support starting and running a business
FinancingInvestment Services Platform
Innovation HubDevelopment and Research Center
Acceleration programsPreaccelerator and acceleration
Competence centerEducational programs for developers, entrepreneurs and investors
Career CenterAccess to the international database of specialists
What do FEZ residents get?
Consultation on benefits and the process of doing business within the FEZ.
Preparation of necessary documents for opening a company.
Registration Legal address, company registration in the territory of the Republic of Armenia.
Application package that meets the requirements of the Ministry of Economic Development.
Preparation of documents for the Ministry of Economic Development, their subsequent approval and defense before all relevant committees.
Conclusion of an agreement with the Organizer of the free economic zone on the conditions of activity in the free economic zone.
Certificate confirming the right of a FEZ resident to tax and customs benefits.
Innovations in Armenia
The promotion of the IT sector has been identified as a priority for the economic development of Armenia and has the full support of the government.
IT organizations in the country
Highly paid vacancies
Number of people employed in the IT sector
Companies of what organizational and legal forms can become residents of FEZ ECOS?
A commercial enterprise (legal entity: LLC, CJSC, OJSC) and individual entrepreneurs can become a FEZ ECOS resident. The optimal basic option in terms of tax and content optimization is offered by CJSC, our consultants will analyze your case and offer the best option for you.
Is an office rental required to obtain residency?
The presence of a registered address of a company in the ECOS FEZ is one of the key conditions for obtaining residency. To obtain an address, a business owner can rent an office, conclude a lease agreement for premises, or rent a workplace (Flexi-desk) from the free economic zone. Flexi-desk is a workplace in the free economic zone co-working space, which is allocated for use by the resident’s employees. At the same time, the cost of renting such a place is several times less than the cost of an annual office rent, which is the best solution for a start-up business.
What taxes do companies pay in FEZ ECOS?
There are no commercial taxes in the FEZ ECOS. If you open a company, then your duties include only the monthly payment of income tax for employees
How to start bitcoin mining?
There are two main ways to mine BTC: home and cloud. Home mining was popular at the beginning of the crypto market, but over time, the industry has become more complex and the process has become more expensive. Cloud mining has become more profitable and easier alternative. This made it possible to mine cryptocurrency remotely by leasing the capacities of large data centers.
How long does it take to open a company?
Opening a company in Armenia takes 1-2 days. However, it must be remembered that some types of activities require additional permits from local authorities (Ministry of Health, Ministry of Defense, etc.), which can increase the period of company registration up to several months.
Is it required to deposit the authorized capital into the company's bank account and what happens to it then?
To open a company in Armenia, the formation of an authorized capital is required. The standard share capital for an LLC is AMD 10,000. Depending on the type of activity, this amount may be higher. Physical transfer of funds to the company’s bank account is optional.
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