Starting a Business


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 down-2
DB 2016 DTF (% points) 97.78 DB 2015 DTF (% points) 97.77 Change in DTF (% points) up0.01
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