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Why trade or invest in Armenia?

Armenia is the second most densely populated of the former Soviet republics because of its small size. It is situated between the Black Sea and the Caspian Sea, bordered on the north and east by Georgia and Azerbaijan and on the south and west by Iran and Turkey.  Situated along the route of the Great Silk Road, it has fallen within the orbit of a number of cultural influences and empires.

The EU is Armenia's main trading partner, accounting for around 29.7% of Armenia's total trade.  The EU continues to be Armenia's biggest export and import market with respective 39.4 % and 26.5 % share in total Armenian exports and imports.  EU imports from Armenia chiefly consist of manufactured goods, crude materials, miscellaneous manufactured articles, and beverages and tobacco.  EU exports to Armenia are dominated by machinery and transport equipment, manufactured goods, miscellaneous manufactured articles and chemicals.

Armenia’s transition to a more dynamic and market-oriented economy has been facilitated by openness to global commerce and by regulatory reforms designed to encourage entrepreneurial activity.  Armenia’s economy has undergone a profound transformation since independence. Sustained growth, ambitious reforms, as well as inflows of capital and remittances have created a market-oriented environment. However, the global financial crisis impacted significantly the market of the country.

According to private tour operators and other individuals familiar with the country’s tourism industry visit hundreds of thousands of foreign tourists visit Armenia each year .  Industries: Diamond processing, metal-cutting machine tools, forge-pressing machines, electric motors, tires, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewellery manufacturing, software development, food processing, brandy.  Agriculture - products: Fruit (especially grapes and apricots), vegetables, livestock, wheat, wine, brandy.

Some particularities of the Armenian legal system you should know

The law of Armenia is enforced by the Police Service.  For historical reasons and the dictate of that time, the legal system of the Republic of Armenia began and still continues to evolve according to the patterns that describe the legal systems of civil law countries.

The Constitution of Armenia is based on the model of the French Constitution, and several principal aspects of the Civil Code of Armenia depict the model code of civil law elaborated for the Commonwealth of Independent States.  At the core of the legal system are the customs and practices of the specific society which have a decisive role to play in the overall effectiveness of legal practice of the country. “The essential key for an appreciation of a legal culture lies in an unraveling of the cognitive structure that characterizes that culture”.

The thorough examination and understanding of Armenian legal culture and valuing its role in the evolvement of the legal system of Armenia is of particular importance, because cultural factors and national mentality continue to hinder the effective implementation of enacted legislative framework. The complexity of the matter is mostly determined by characteristics of Armenian culture, such as natural unity of eastern and western cultural elements.

Whom we work for

A-Law Armenia desk has been providing legal support to clients in different areas, such as real estate issues, corporate and civil (family) law, traffic law, migration law, liability law and debts recovery (bankruptcy, administrative fines).  Furthermore A-Law expert lawyers have been providing legal support to Armenian firms establishing or acquiring (M&A) companies in Europe, Latin America and Africa.

An in-depth approach of the different legal aspects of cross border cooperation and trade, commercial agency, distribution and franchising of a wide variety of products ranging from nutritional supplements and pharmaceuticals to high tech, design interior and fashion objects exported from or imported into Armenia, have been assessed through A-Law dedicated team.