Business

Recent news and events from Tower International Consultants
10 Nov
Tax know hows in Armenia
Special service of handling your legal, accounting and tax compliance work

Tower International Consultants CJSC is one of the few financial service advisory companies which has continued to operate under Covid-19 and the recent political situation in the RA thus making its small investment in the economy.

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27 Oct
Mobile payments
Online payments in Armenia: perspectives and future

The current year registered an unprecedented rise of online payments, because of many reasons, including the global healthcare situation: it is predicted to have 1 billion people using mobile payment apps worldwide at the end of the year and 1.31 billion by 2023!

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24 Aug
What should expect taxpayers from new reforms in Armenia
Tax questions: what you should know before starting a business in Armenia

In general, the tax system in Armenia offers small and medium-sized businesses a number of tax advantages to allowing this sector to stabilize and develop. The tax legislation rules in Armenia are rather flexible and are subject to frequent changes. These changes often happen so quickly that even many professionals do not have time to respond in time.

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21 Aug
Tax Reforms in Armenia
Tax Reforms in Armenia: Who are the beneficiaries?

From January 2020 Armenian switched to a flat income tax rate that sets income tax at 23% for each RA citizen regardless of their income size and will continue to decrease to 20% by 2023

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26 Jul
Armenian Dram Cash Money
Banking Industry Transformations in Armenia and in the World

The last 7-month world is living in a state of an emergency, and the banking industry is not an exception. Banks’ performance on the debt market and equity is at the same level as during Lehman Brothers’ collapse in 2008. During the starting phase businesses and borrowers started to lose income, jobs and sales, facing...

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25 Jun
Accounting Services in Armenia: 20+ years of experience
Accounting Services in Armenia: 20 + years of experience

Examining the part of the legislative changes in the Republic of Armenia that is closely related to Accounting, such as tax legislation, customs legislation, etc., we can state that professional accountants in Armenia and many other financial professionals must be constantly trained to follow these processes, if they wish to avoid many issues which occur during work.

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17 Jun
North Avenue, Yerevan, Armenia
Starting Production Business in Armenia

Advantages of production business in Armenia 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,...

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09 Jun
Setting up business partnerships in Armenia
Setting up IT companies in Armenia

What we want to introduce in this article: What is important for entrepreneurs to start a high-tech business in Armenia Privileges for startups launching IT-related business in Armenia How can outsourcing consulting company impact on growth of the IT business in Armenia? What type of outsourcing services mainly necessary for Armenian high-tech businesses? How Tower...

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01 Jun
Doing business in Armenia
Legal services in Armenia: advisory and due diligence for Armenian enterprises

In this segment, we want to introduce you to our legal services for Armenian companies which include legal outsourcing and due diligence: what benefits you will get by cooperating with legal advisory companies in Armenia, what the purpose of due diligence services are and other legal and business related issues. Every investor, wanting to invest...

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13 May
Central park and business centers in Yerevan, Armenia
Advantages of partnership with accounting outsourcing company in Armenia

Have you decided to invest and consider using consulting services in Armenia? We’ll show you the advantages of accounting outsourcing in Armenia as well as tax services in Armenia, how it happens to be profitable for your business, and why you should choose Tower as a partner. Important factors in making business partnerships in Armenia...

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