| DB 2016 Rank | 5 | DB 2015 Rank | 3 | Change in Rank |
 -2
|
|---|
The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.
| DB 2016 Rank | 5 | DB 2015 Rank | 3 | Change in Rank |
-2
|
|---|
| DB 2016 DTF (% points) | 97.78 | DB 2015 DTF (% points) | 97.77 | Change in DTF (% points) |
 0.01
|
|---|
| Indicator | Armenia | Europe & Central Asia | OECD |
|---|---|---|---|
|
The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries). Procedures (number) |
2 | 4.7 | 4.7 |
|
The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments. Time (days) |
3.0 | 10.0 | 8.3 |
|
Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law. Cost (% of income per capita) |
1.0 | 4.8 | 3.2 |
|
The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita. Paid-in min. capital (% of income per capita) |
0.0 | 3.8 | 9.6 |
| No. | Procedure | Time to Complete | Associated Costs |
|---|---|---|---|
| 1 | Register at the One-stop shop | 2 days | no charge |
| 2 | Order a company seal | 1 day | AMD 15,500 |