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Services · Business accounts

Business accounts: Armenia

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

ServicePrice
Corporate account - opening assistanceon request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

See also

Company formation · Personal account · Investment property · All country programs

FAQ

Can a foreign company open a bank account in Armenia?
Yes, Armenian banks do open accounts for foreign entities, but the review is tougher than for local companies. You need legalised corporate documents with translation, beneficial owner details and a clear description of the business. Some banks only take companies with a visible link to the region.
Do I need to visit Armenia to open a company account?
Usually yes - the director or an authorised signatory attends the bank in person. Opening by power of attorney is possible at some banks and has to be agreed in advance. Fully remote corporate account opening is the exception, not the rule.
What does compliance at an Armenian bank check?
The ownership chain down to individuals, citizenship and tax residence of the owners, the nature of your transactions, counterparty countries and sanctions exposure. Since 2022 Armenian banks have tightened screening of payments linked to sanctioned persons and goods. Refusal or account closure over sanctions risk is a real scenario.
How long does it take to open a company account in Armenia?
With a complete file, typically a few business days to a few weeks. Delays come from legalising foreign documents and follow-up compliance questions. Timelines differ by bank, so ask before you apply.

Don’t want to figure this out alone?

We handle the whole process end to end: we assess your company's chances with specific banks, prepare the compliance file and give you honest timelines. Leave your details and a corporate banking expert will get back to you. The first consultation is free.

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