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.
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!
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.
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
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...
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.
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,...
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...
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...
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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