State Support for the IT Sector in Armenia (IT Startup Certificate)
Under the Law of the Republic of Armenia on State Support for the Information Technology Sphere, newly created IT companies can obtain an official IT Startup Certificate from the Ministry of High-Tech Industry:
- 0.0% Corporate Income Tax: Certified IT businesses enjoy a complete 100% exemption (0% CIT) from corporate income tax on profits.
- 10.0% Preferential Employee PIT: Personal income tax on employee salaries is reduced by half to a flat 10.0% (compared to the standard 20.0% rate), providing massive payroll cost reductions.
- Eligible Activities: Software development, computer animation, data processing, web hosting, fintech, and hardware R&D.
- Eligibility Criteria: Available to startups with up to 30 employees that are genuinely newly incorporated and not a reorganization of existing entities.
Statutory Regulatory Framework: Compliant with the Tax Code of the Republic of Armenia, Labor Code of the Republic of Armenia, Cadastre Committee statutory duties, and regulatory resolutions issued by the State Revenue Committee (SRC) and PSRC.