Empowering Successful Business in Armenia
Our Values
QUALITY
QUALITY
We are committed to delivering the highest quality accounting services in Armenia, ensuring compliance with all applicable laws and regulations for our clients’ success.
CLARITY
CLARITY
Clear communication is a cornerstone of our team. We simplify complex regulations, providing tax consulting in Armenia and legal support services in an easy-to-understand way.
INTEGRITY
INTEGRITY
All our services, including outsourcing accounting and financial reporting in Armenia, are offered with full transparency and accountability to our clients.
OUR SERVICES
We enable you to launch your business confidently, free from concerns about errors, thanks to our exceptional expertise. Explore our comprehensive solutions below:
WHY CHOOSE US
OPERATIONAL EXCELLENCE
Our company delivers exceptional accounting services in Armenia and tax outsourcing, driven by teamwork, accountability, and innovation, all reflected in our outstanding results.
CONTINUOUS IMPROVEMENT
Through teamwork, extensive experience, and innovation, we ensure top-quality business consulting in Armenia, consistently enhancing the value we provide to clients.
INNOVATIVE SOLUTIONS
With deep expertise and creative approaches, we offer tax consulting in Armenia and financial administration solutions that deliver measurable success.
CERTIFIED EXPERTS
Our certified professionals provide impactful answers, focusing on the best opportunities with expert legal consulting in Armenia tailored to your needs.
TARGETING AND POSITIONING
We analyze your organization thoroughly to optimize its strategy, offering business setup in Armenia guidance before defining your next steps.
PERSONAL APPROACH
We empower entrepreneurs with a personalized financial consulting for startups in Armenia, preparing them for investor discussions with confidence.
WHAT PEOPLE SAY
Find out why people love working with Tower International Consultants
Optomed Canada Branch in RA expresses its sincere gratitude to TAUER INTERNATIONAL CONSULTANTS for professionalism and quality of services provided. During the period of our mutual cooperation we were convinced of the high qualification of the employees of TAUER INTERNATIONAL CONSULTANTS, which allows us to successfully solve any complex tasks.
The team of Tower, both accountants and legal counsels, provide excellent services, demonstrate professionalism in all of the stages of service provision with strong attention to details. Tower has always provided us with the best quality service that we have encountered. All of the team members stick to essential values throughout their work. These values mainly include honesty, integrity, excellence, client focus and flexibility. Thus, it is with highly substantiated confidence that we would recommend Tower to those who need professional accounting and legal assistance
The Branch of Optomed Canada RA expresses sincere gratitude to Tower International Consultants for professionalism and quality of provided services. During our mutual cooperation we were convinced of the high qualification of Tower International Consultant’s employees letting successfully solve any difficult tasks
Tower was very responsive and provided timely responses to our questions and we appreciate that very much.
Tower’s staff were very polite and took their time to explain their advice to us in a very clear language. This helped us a lot, and we did not feel as if we were working with colleagues in a foreign country
The Savings Banks Foundation for International Cooperation (SBFIC) as a German non-for-profit organization with its Representative Office in Armenia enjoys the professional accounting and legal advice services of Tower since 2017. We are much delighted about the professional and service-oriented approach of its staff. Recent external audits on our projects confirmed our compliance to national and international requirements
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Frequently asked questions
The promotion of business development and investments is one of the key pillars of Armenian economic policy. In that reason the development of Armenian legislation and state policy is carried out in a way that laws applied to foreign investments cannot be less favorable than the laws applied to the business activities of Armenian residents.
In particular, foreign businessmen are entitled in the same extent and manner as Armenian residents to
- Establish a fully foreign-owned company (including representatives, affiliates and branches), or purchase an existing company;
- Become a participant or a shareholder of an existing resident company.
It should be noted as well that there is no limitation on the sectors or type of business activity which foreign investors can carry out in Armenia.
There is no minimum amount for the capital during the registration of legal entity.
Starting from 1 January 2019 the employer will need to obtain a work permit for hiring a foreign worker in Armenia. According to the defined procedure under Ra law “On Foreigners”, the employers have to apply first to the RA Ministry of Labor and Social Affairs to fill the vacant position with Armenian citizen. If the Ministry fails to offer suitable candidate for the position or the employer refuses the candidacy, the employer can apply to the Ministry to receive work permit for a foreign citizen.
Based on the obtained work permit, the foreigner can apply for receiving a temporary residency permit which is provided for 1 year period and is renewable.
As of March 2025, the Republic of Armenia has already signed double taxation treaties with 51 countries, including: Austria, Lebanese Republic, China, United Arab Emirates, Lithuania, Romania, Belarus, Luxembourg, Russia, Belgium, Croatia, Serbia, Bulgaria, Canada, Syrian Arab Republic, Federal Republic of Germany, Cyprus, Slovak Republic, Estonia, India, Slovenia, Thailand, Hellenic Republic, Georgia, Turkmenistan, Hungary, Tajikistan, Indonesia, Kazakhstan, Ukraine, Ireland, the United Kingdom, the State of Kuwait, Spain, Moldova, Qatar, the State of Finland, Finland, France, Italy, the Netherlands, Iran, Sweden, Latvia, the Swiss Confederation, Poland, the Czech Republic and recently ratified an agreement with Hong Kong.
It is also planned to sign and ratify a double taxation avoidance agreement with Japan during 2025.
Since January 2015, Armenia has been a member of the Eurasian Economic Union (EAEU), which also includes Russia, Belarus, Kazakhstan and the Kyrgyz Republic. The EAEU has a regime of free movement of goods, services, capital and labor, as well as unified tariff and non-tariff regulation, which facilitates business and investment between the member countries of the union.
Translated with DeepL.com (free version)