Document from CIS Legislation database © 2003-2017 SojuzPravoInform LLC

Unofficial transfer. (c) Soyuzpravoinform LLC

LAW OF THE REPUBLIC OF ARMENIA

of July 31, 1994 No. ZR-115

About foreign investments

(The last edition from 27-04-2007)

Accepted by National Assembly of the Republic of Armenia on July 31, 1994

This law determines legal, economic and organizational basis of implementation of foreign investments in the territory of the Republic of Armenia and is aimed at providing protection of the rights, legitimate interests and property of foreign investments, creation of premises for attraction of foreign material and financial resources, implementation and effective use of advanced technologies of managerial and organizational experience.

Section I. General provisions

Article 1. The basic concepts used in this Law

"Foreign investor" - foreign state, any foreign legal entity, the foreign citizen, the stateless person, the citizen of the Republic of Armenia who is constantly living outside the territory of the Republic of Armenia, and also the international organization performing investments in the Republic of Armenia according to the legislation of the country of the location.

"Foreign investment" - any kind of property, including financial investments and intellectual values which directly are made by the foreign investor in the sphere of the business or other activity performed in the territory of the Republic of Armenia for the purpose of profit earning (income) or achievement of other useful result.

"The company with foreign investments" - the company of any organization-legal category created according to the legislation of the Republic of Armenia the founder or the member of whom is foreign investor.

Article 2. Legal regulation of foreign investments

The relations connected with foreign investments in the Republic of Armenia are regulated by this Law, and also other legal acts and international treaties of the Republic of Armenia.

If other rules are determined by the international treaties signed by the Republic of Armenia, than those which contain in this Law, in appropriate cases rules of international treaties are applied.

Article 3. Types of foreign investments

Foreign investors in the territory of the Republic of Armenia can perform investments:

a) in foreign currency, in currency other values, in national currency of the Republic of Armenia;

b) personal and real estate (structures, buildings, equipment and other material values) and any related property right;

c) the shares, bonds, other securities established by the legislation of the Republic of Armenia;

d) in the form of monetary claims and right to claim of the obligation fulfillment having contractual value;

e) in the form of any right to the intellectual property which is of value;

e) in the form of the right to implementation of economic activity, stipulated by the legislation or the agreement of the Republic of Armenia, including in the form of the right to investigation, production, conversion or operation of natural resources;

g) in the form of paid services;

h) any kinds of the investments which are not prohibited by the legislation of the Republic of Armenia;

Prohibition or restriction of the established types of implementation of investing activities can take place only according to the procedure, established by the legislation of the Republic of Armenia.

Article 4. Forms of implementation of foreign investments

Foreign investors have the right to perform investments in the following forms:

a) by creation of the companies which are completely belonging to foreign investors and also the departments, branches and representations belonging to foreign legal entities or by acquisition of operating plants in property;

b) by organization of legal entities of the Republic of Armenia, the companies which do not have the status of the legal entity, or new establishments with participation of citizens of the Republic of Armenia or by acquisition of share in operating plants;

c) by acquisition within the legislation of the Republic of Armenia of shares, bonds and other securities established by the legislation of the Republic of Armenia;

d) by independent acquisition or acquisition with participation of legal entities of the Republic of Armenia or the companies which do not have the status of the legal entity and also citizens of the Republic of Armenia the rights of land use and concessions on use of natural resources in the territory of the Republic of Armenia;

e) by acquisition of rights of other property rights;

e) in other forms which are not prohibited by the legislation of the Republic of Armenia, in particular based on the agreements signed with legal entities of the Republic of Armenia or with the companies which do not have the status of the legal entity and also with citizens of the Republic of Armenia.

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 36000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.