🇦🇲 Annual Compliance — Armenia

Assuming all companies automatically qualify for the 0% IT turnover tax

Fix: The IT turnover tax regime requires that at least 90% of revenue comes from qualifying IT activities (software development, IT services). Companies with mixed revenue streams or non-IT activities may not qualify. Confirm eligibility with the State Revenue Committee before structuring around this incentive.

Underestimating banking onboarding time for non-resident founders

Fix: Armenian banks are cautious with non-resident-owned companies. Expect 2–4 weeks for account opening and prepare comprehensive KYC documentation including a detailed business plan, source-of-funds evidence, and personal references. Having a local representative accelerates the process.

Ignoring EAEU regulatory requirements when selling into Russia and Central Asia

Fix: EAEU membership provides tariff-free trade, but products and services must still comply with EAEU technical regulations and standards. Understand the customs and regulatory requirements for your specific goods or services before assuming frictionless EAEU market access.