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Starting a production business in Armenia (
1 point by biznet 1147 days ago | web | 1 comment

Located in western Asia, Armenia exported US$2.6 billion worth of products around the globe in 2019. With the highest GDP rate in all Europe (7.6% GDP growth and GDP CAGR to 2020 is 3.2% for Armenia vs. CAGR of 2.7% for global GDP), economic reforms, and “open door” policy, Armenia became a wanted island for investment and production business. Foreign investors appreciate economic reforms, openness, and investment-oriented efforts of Armenia’s Government to develop Armenia business environment and promote the processes of starting a business in Armenia. As one of the most open investment regimes in all CIS countries, Armenia has bilateral investment promotion and protection treaties with 40 countries and free trade agreements with CIS countries with a market of about 250 million people. This makes Armenia an incredible country to start a business!