Free Economic Zones
There are 4 Free Economic Zones (FEZ) operating in Armenia. Residents of FEZ are exempt from profit tax, value added tax, excise tax and customs fees, paying only income tax.. There are also on site “one stop” services and custom registrations. Armenia has created Free Economic Zones as a way to develop industrial estates. The focus has been on incentives rather than on location and internal and external infrastructure. The incentives include no profit tax, VAT or customs duty. Currently there are a number of zones that are operating and others planned. Most of the zones are not geared to manufacturing with Meridien FEZ focused on jewelry and Ecos FEZ on date processing and cryptocurrencies. Another planned manufacturing/logistics FEZ called Meghri is still yet to develop partly due to its proximity to Iran. The country is currently subject to sanctions which restricts the country acting as a conduit for trade from its ports.
Alliance Free Economic Zone
“Alliance” free economic zone based on “RAO Mars” CJSC and “The Yerevan Computer R&D Institute” CJSC was established and given the right to operate by the decree N785-A of the Government of the Republic of Armenia of July 18, 2013. “SYTRONICS ARMENIA” CJSC is recognized as the operator of the zone. The free economic zone was launched on August 1, 2013.
“Alliance” free economic zone is oriented to the production and exports of high and innovative technologies in the field of electronics, precision engineering, pharmaceutics and biotechnologies, information technologies, alternative energy, industrial design and telecommunications (elaboration and production of technological equipment, systems and materials for data/information transfer) as well as in the fields producing goods not produced in Armenia.
Contact details: Republic of Armenia, Tel: +37410741310, www.fez.am
Applicant's questionnaire for carrying out activities in the FEZ
Meridian Free Economic Zone
Meridian free economic zone was established by the decree N231-A of the Government of the Republic of Armenia of February 27. “Meridian Free Economic Zone” CJSC is recognized as the operator of the zone. The free economic zone was launched on March 12, 2015.
Meridian free economic zone is specialized in jewelry, stones cutting and watchmaking.
Per square meter rental price for Meridian premises is 2500 AMD.
Contact details: Republic of Armenia, Tel:+37410529977, +37493400930, www.meridianholding.am, email: meridian-holding@mail.ru
Meghri Free Economic Zone
Meghri free economic zone was established in Meghri town, Syunik province by the decree N1595-A of the Government of the Republic of Armenia of December 7, 2017. “MEGHRI FREE ECONOMIC ZONE” CJSC is recognized as the operator of the above mentioned free economic zone. The free economic zone was launched on December 15, 2017.
The operating type of the free economic zone 'Meghri' is defined as industrial and logistic: in the sphere of agriculture, manufacturing, electricity supply, trade, transportation and economy storage, professional and technical activity, culture, tourism, entertainment and recreation.
Contact details: Republic of Armenia, Meghri Town, Tel: +37411597727, email: mfez@mineconomy.am
ECOS Free Economic Zone
ECOS Free Economic Zone is a new digital platform, the purpose of which is stimulating the development of the digital business environment and the production of innovative technological products and services.
Zero taxes and other benefits for residents for a period of 25 years. Residents of the ECOS Free Economic Zone receive not only tax benefits, but also access to the ECOS Infrastructure, a specialist base and a convenient communication platform, as well as the possibility of hiring foreign labor without restrictions.
ECOS FEZ invites companies for cooperation in the following fields of activity: new digital technologies: the blockchain, AI; information technology, software development; telecommunication: evelopment and production of technological solutions and data transmission systems; other areas of advanced and science-intensive technology.
Contact details: Republic of Armenia, Hrazdan, Gortsaranayin 1, Tel: +37460650405, www.ecos.am/en