Investment Projects, Business Armenia IT Development Team in Yerevan | Page 9

A pro- business environment to locate a regional headquarter
Company
incorporation
Foreign
ownership
Investment
protection:
Armenia
4 working days Ukraine
6 working days Belarus
5 working days
100% foreign
ownership is
permitted
5-year guarantee
protection against
changes of legislation
on investments 100% foreign
ownership is
permitted
10-year guarantee
protection against
changes of legislation
on investments 100% foreign
ownership is
permitted
5-year guarantee
protection against
changes of legislation
on investments
Taxation
Ukraine 1
Armenia
Belarus 2
VAT:
20%
20%
20%
Profit tax:
20%
18%
18%
Personal Income Tax:
28%
18%
13%
*In Armenia, the government supports 427 companies operating in IT sector until 2020-2022։
0% corporate tax, 10% income tax.
1
https://accace.com/wp-content/uploads/2017/03/2017-Tax-Guideline-Ukraine-EN.pdf
https://minfin.com.ua/taxes/-/tax_kodex_2017.html#5
2 http://www.investinbelarus.by/upload/pdf/NAIP_GuideBook_march18_1.pdf
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