Investment Projects, Business Armenia Sticker Market

IT Investment Ecosystem in Armenia A pro-business environment to locate a regional headquarter       A favorable investment climate in Armenia: Company incorporation is completed in 2 working days 100% foreign ownership is permitted Investment protection implies 5-year guarantee protection against changes of legislation on investments A sound and well-regulated banking system Free exchange of foreign currencies and repatriation of profit Competitive operational costs Possibilities of Armenia’s IT sector Information and Communication Technology sector in Armenia is comprised of 650 companies, of which 200 are foreign. More than 150 new startups were launched in 2017. 2 21.6% of companies in the Armenian IT sector specialize in customized software and outsourcing, 13.7% specialize in web design and development. More than 15,000 professionals are employed in IT sector. Seven local and international universities, located in Armenia, offer IT specialization and provide with well- educated and high qualified workforce. The “Alliance” free economic zone is oriented to the production and exports of high and innovative technologies in the field of electronics, precision engineering, IT, etc. The FEZ residents are exempt from all taxes except the payroll taxes. 3 2 http://www.eif.am/eng/researches/report-on-the-state-of-the-industry/ http://itdsc.am/wp-content/uploads/2016/06/%D5%8F%D5%80%D5%8F- %D5%B8%D5%AC%D5%B8%D6%80%D5%BF%D5%AB-2015%D5%A9.-%D5%AB- %D5%B0%D5%A5%D5%BF%D5%A1%D5%A6%D5%B8%D5%BF%D5%B8%D6%82%D5%A9%D5%B5%D5%B8%D6%82%D5%B 6-English.pdf 3 5

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