Accounting Services for Sole Proprietors and Legal Entities in Armenia Tax Consultation. Financial Advisory
Accounting services in Armenia—just like anywhere in the world—are of critical importance. In addition to standard financial reporting, businesses often require professional tax consulting and financial advisory services. When launching a business, it is essential to understand at least the basics—such as which taxes must be paid.
Outsourcing of accounting services
Upon registering a sole proprietorship (SP) or limited liability company (LLC), the involvement of an accountant becomes necessary—either as an outsourced service or in-house. In Armenia, outsourcing accounting services is a standard practice. Most businesses do not hire full-time accountants, as working under a service contract offers clients an additional layer of legal and operational protection—the accounting firm assumes responsibility for reporting accuracy.
Our experienced team frequently handles complex cases where accounting, financial management, and legal expertise must be combined to address challenging business issues.
We offer a comprehensive range of accounting services, including bookkeeping, financial reporting, tax declaration preparation, and expert consulting on taxation and financial planning.
Our Services Include
Accounting & Financial Reporting
Tax Accounting & Planning
HR & Payroll Administration
Business Plan Preparation
Financial Consulting
Financial Manager Service
Accounting Reporting
We support both new and established businesses in Armenia, covering all aspects of financial accounting in accordance with national accounting standards, tax regulations, and International Financial Reporting Standards (IFRS).
Our services include:
Tax Accounting & Planning
Tax strategy is vital for business success. Our specialists help you optimize your tax obligations, minimize risk, and stay compliant with Armenian tax laws.
Our tax services include:
- Tax liability analysis and optimization strategy
- Preparation and filing of all required tax documents
- Accurate calculation and timely payment of taxes
- Ongoing tax advisory and planning
- Support in resolving tax disputes or appeals
We tailor our approach to each client, based on their business specifics and industry needs.
Tax Systems in Armenia
Simplified Taxation System (STS):
- For annual turnover under AMD 115 million. Businesses pay a 10% turnover tax. If this threshold is exceeded, a switch to the general system is required, with no option to return to STS within the same fiscal year.
General Taxation System (GTS):
- For turnover exceeding AMD 115 million. Main taxes include 20% VAT and 18% corporate income tax.
We look forward to assisting you
Initial consultation may be free or paid depending on the complexity of your case and the time required for review and discussion.
HR & Payroll Administration
Proper HR management and payroll processing ensure legal protection and readiness for audits or labor inspections.
Our services include:
Drafting and managing employment contracts
Internal disciplinary regulations
Work schedules
Evaluation and registration of hazardous job positions
Dispute resolution mechanisms
Full liability agreements
Representation during government inspections
Vacation tracking, payslips, salary certificates, and more
Business Plan Preparation
Preparing a business plan is a vital step for business development. Based on your initial data and requirements, we assist in developing comprehensive, results-driven business plans to help you reach your goals.
Our services include:
- Market and competitor analysis
- Strategic goal setting and growth planning
- Financial forecasting and budgeting
- Target audience research and marketing strategy
- Risk assessment and mitigation planning
- Preparation of investor-ready presentations
We work with clients across industries to deliver business plans that support sustainable growth and strategic decision-making.
Trust professionals with your business plan—give your project the best chance at success!
Financial Consulting
Financial consulting is an essential component of effective financial management. Our team delivers professional financial consulting services aimed at optimizing processes and improving financial performance.
Our services include:
We bring industry experience and a personalized approach to every client, helping businesses become more competitive and resilient. Let us help you grow your business with confidence—focus on scaling, while we take care of the financial foundation.
Price
Sole Proprietorship (SP)
Legal Entity (LLC or equivalent)
* Prices are charged in Armenian drams at the Central Bank’s exchange rate on the day of payment.
Frequently Asked Questions (FAQ)
Which tax system is better to choose?
This depends on your projected turnover and business model. For most startups, we recommend applying for the Simplified Tax System (STS) initially, with the option to evaluate a switch to the General Tax System (GTS) later. Once on GTS, switching back to STS is not permitted within the same year.
What are the risks when changing accountants or accounting firms?
Data transfer is a common issue. Ensure the original accountant handles it responsibly, and clearly define the format and transfer process in the service agreement.
How often do accounting standards change in Armenia?
Regulations do not change frequently, but specific reporting requirements may vary by industry and business volume. Accountants must stay current with these changes—our team regularly attends seminars and monitors updates to ensure full compliance.
What types of businesses do you serve?
- IT and tech businesses
- Retail and wholesale trade
- Construction and real estate
- Hospitality and restaurant businesses
…and much more.
We look forward to hearing from you
An initial consultation may be free or paid, depending on the initial information and the amount of time required to review and discuss it.
Our employee will respond to your request as soon as possible ↓
