Have you decided to invest in Armenia and you want your investment to be the most profitable? Then this article is for you.
First of all, we should understand which sectors in Armenia have become more attractive to investors in recent years, what is the reason for this, and whether it is desirable to invest in those sectors in 2020․
The Information Technology in Armenia
IT Industry is the most profitable and stable growing industry in Armenia
We are confident that the first direction that needs to be taken into account is the IT sector, and this has a number of solid reasons.
First of all, this is the area that is currently the most encouraged by the state and receives support from the state. The support is provided both in the form of grants and through the provision of many tax privileges. For example, preferential income tax rates for IT employees.
Another important factor that will interest the investor to choose this direction is the staffing, which has played a big role in bringing investors to Armenia. It would not be an exaggeration to say that thanks to highly qualified specialists in recent years, Armenia has become one of the world’s leading centers in the field of IT, as evidenced by the “WCIT” held in Armenia in 2019 which is an obvious signal that Armenia is in the center of investors’ attention and has great perspectives.
Agriculture as a fastest growing business sector in Armenia
What can we expect in 2020 from investment in agriculture in Armenia
Another profitable business sector in Armenia, which is also encouraged by the state and tends to develop year by year, is agriculture. In addition to the fact that agriculture is always under state support, it has another attractive and strong factor: by expanding the agriculture activity, investors get the opportunity to enter the Eurasian Economic Union market, which has a population of about 200 million.
By being a member of the EEU, Armenia enjoys a number of benefits and privileges from the union, which will provide your businesses with a tremendous opportunity for development.
And now, speaking about investing in any area, choosing the right support company is no less of an important process to go through to result in the company’s growth in Armenia.
While presenting the benefits investors will receive if they trust Tower and use its services, we should mention that Tower, which has been well standing among many other consulting companies for many years, specializes in providing services to International Companies, which plays a key role in the market, helping to promote Investments into Armenia. Tower has been able to automate many business processes that would save both the investor’s time and the ability to significantly reduce the costs, thus increasing the efficiency of a specific business.
Partnering with Tower and benefiting from the support of our highly qualified specialists, the investor will receive a complete scope of Financial Advisory services, starting with registering a company and providing advice on accounting, tax and legal questions as applied in Armenia, which will assist in balanced and accurate decision-making.