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ECOS
Free Economic
Zone
TERRITORY OF OPPORTUNITIES
The platform for the development of a digital business environment
and the production of innovative technological products and services
BOOK YOUR RESIDENCE AT SPECIAL QUOTE!
ECOS
Free Economic
Zone
TERRITORY OF OPPORTUNITIES
The platform for the development of a digital business environment and the production of innovative technological products and services
BOOK YOUR RESIDENCE AT SPECIAL QUOTE!
ECOS FEZ Features
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.
Infrastructure
ECOS ecosystem-type infrastructure is a high-tech platform for creating, implementing and developing new business models.
Marketplaces
Infrastructure-based open marketplaces built for integration and promotion of new IT products and solutions
Community
ECOS Community brings together blockchain and AI technology professionals, investors and government figures.
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
0%
Income taxes and VAT
0%
Import and export customs duties
0%
Property and real estate taxes
Learn more
Introduce yourself
E-mail*
By clicking the "Send" button, you agree to the Policy regarding the processing of personal data and consent to the processing of Personal Data
Learn more
Introduce yourself
E-mail*
By clicking the "Send" button, you agree to the Policy regarding the processing of personal data and consent to the processing of Personal Data
FEZ residents are exempt from all currency restrictions.
They are granted the right to repatriate investment capital, profits and dividends.
Who can become a resident of the FEZ ECOS
ECOS FEZ invites companies for cooperation in the following fields of activity:
  • new digital technologies: the blockchain, AI
  • information technology, software development
  • telecommunication: development and production of technological solutions and data transmission systems
  • other areas of advanced and science-intensive technology
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        Get the consultation
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        ECOS Free Economic Zone Opportunities
        Infrastructure, essential services, special tax and customs regimes and access to an international specialist base — all for the successful launch and development of your business
        Smart Offices
        multifunctional workspace
        IT infrastructure
        power plant, data center, mining farm
        Services
        for successful entrepreneurship
        Financing
        investment services platform
        Innovation Hub
        research and development center
        Acceleration programs
        preacceleration and acceleration
        Competence center
        education for developers, entrepreneurs and investors
        Career Center
        access to the international database of professionals
        How to obtain FEZ residence?
        1
        Applicant's intent
        Provide a brief description of the company's activities to the operator of the FEZ, and then sign a preliminary agreement of intent
        2
        Preparation of a business plan
        The applicant must prepare a business plan and submit an application to the authorized body of the Government of Armenia
        3
        Government approval
        Within 25 working days, the Government of Armenia makes a decision.
        Parties that can obtain FEZ residence
        ✔︎ commercial enterprise
        ✔︎ individual entrepreneur
        Requirements for FEZ Residents
        Residents must be registered in Armenia and carry out commercial activities exclusively in the territory of the FEZ
        Residents of the FEZ should conduct activities in the field of creation, integration and dissemination of innovative technologies.
        ✔︎ availability of a business plan and a project development strategy for at least 5 years ahead
        ✔︎ a team of at least two people
        Additional requirements
        What do FEZ Residents get?
        • Consultation on benefits and business processing within the framework of the FEZ
        • Preparation of the necessary documents for the opening of the company
        • Legal address, company registration in the Republic of Armenia
        • The package of application documents that meets the requirements of the Ministry of Economic Development
        • Preparation of documents for the Ministry of Economic Development, their subsequent coordination and protection in front of all relevant committees
        • Conclusion of an agreement with the Organizer of the FEZ on the activity conditions in the free economic zone
        • Certificate that confirms the right of the FEZ resident to tax and customs benefits
        Additional Business Services
        Legal consulting
        Financial consulting
        Strategic consulting
        Investment consulting
        HR consulting
        IT consulting
        Marketing and Sales
        Automation of business processes
        Data center services
        Why Armenia?
        GREAT OPPORTUNITIES OF THE "SMALL COUNTRY"
        1
        Availability and support government
        promotion of the IT sector is defined as a priority for the economic development of Armenia and has the full support of the government
        2
        Highly qualified intellectual capital
        schools of early development of technical competence for children operate in Armenia, and scientific centers are established on the basis of local universities
        3
        International interest in locations and human resource
        representative offices of companies: Workfront, Synopsys, Yandex, Founder Institute and others, in 2019 WCIT- an international congress in the IT sphere - will be held in Yerevan
        4
        Operating technology centers
        5
        Bustling activity of accelerators and funds
        6
        World-class brands with Armenian roots
        Innovation in Armenia
        Promotion of the IT sector is defined as a priority for the economic development of Armenia and has the full support of the government
        650
        IT organizations in the country
        2 700
        High-paying jobs
        15 350
        People employed in the IT sector
        ECOS FEZ — new spot
        on the technological map of the world
        For Experts
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        For Investors
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        How much do you plan to invest
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        For Enterpreneurs
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        FAQ
        Companies of which legal forms can become residents of the ECOS FEZ?
        A commercial enterprise (legal entity: LLC, CJSC, JSC) and individual entrepreneurs may become residents of the ECOS Free Economic Zone.
        The optimal base option in terms of optimizing taxation and content is proposed to CJSC, our consultants will analyze your case and offer you the best option.
        What taxes do companies pay in the ECOS FEZ?
        In the ECOS FEZ commercial taxes are absent. If you open a company, then your responsibilities include only the monthly payment of income tax for employees.
        What documents are required to open a company in Armenia?
        The list of documents required for opening a company depends on the following factors:
        1. Who will be the founder of the company (individual or legal) and how many shareholders will own the company;
        2. A new company will be opened or it will be a branch or subsidiary. In the case of shareholders that are legal entities and the opening of a branch or subsidiary, duly certified / legalized corporate documents will be required.
        Do I need to rent an office to obtain residency?
        The presence of a registered address of the company in the ECOS FEZ is one of the key conditions for obtaining residency. To obtain an address, a business owner can rent an office, enter into a lease agreement for a room, or rent a workplace (Flexi-desk) from a free economic zone.

        Flexi-desk is a workplace in coworking of a free economic zone that is allocated for use by resident employees. At the same time, the cost of renting such a place is several times less than the cost of an annual office rent, which is the best solution for a start-up business.
        How long does it take to open a company?
        Opening a company in Armenia takes 1-2 days. However, it must be taken into consideration that some activities require additional permits from local authorities (Ministry of Health, Ministry of Defense, etc.), which may extend the period of company registration to several months.
        Is it required to pay authorized capital into the company's bank account and what happens to it later?
        For opening a company in Armenia, the formation of authorized capital is required. The standard size of the authorized capital for LLC is 10,000 Armenian drams. Depending on the type of activity, this amount may be higher. The physical transfer of funds to the bank account of the company is not mandatory.
        600+ participants
        30+ speakers
        20+ countries
        April 22, 2018 | Yerevan, Armenia
        70+ guests
        6 workshops
        10+ mass media
        October 31, 2018 | Imperia Sky Loft, Moscow
        Representatives of leading companies
        and discussions between speakers and guests
        wrote about it, including Forbes, RBC and specialized media
        January 15 – April 15, 2019 | Yerevan, Armenia
        Participants from 20+ countries
        World famous speakers
        Over 600 people attended the event
        "ECOS FEZ Design Competition" is a competition for young and talented designers which enables them to participate in the creation of the interior and exterior design of buildings and structures in the Free Economic Zone in Armenia. The ECOS FEZ will become the hallmark of modern high-tech digital Armenia, which is becoming increasingly attractive for foreign investments and the export of IT technologies.
        ECOS FEZ in Mass Media
        ECOS FEZ
        Republic of Armenia, Hrazdan, Gortsaranayin 1
        +37460650405
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