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Armenian Development Agency

Armenian Development Agency. INVESTMENT CLIMATE & OPPORTUNITIES. 2014. All Political Parties act together toward Economic Development. Public-Private Active Cooperation. Democratic approach to all Challenges in the Country. Government Priority of Private Sector Development.

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Armenian Development Agency

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  1. Armenian Development Agency INVESTMENT CLIMATE & OPPORTUNITIES 2014

  2. All Political Parties act together toward Economic Development Public-Private Active Cooperation Democratic approach to all Challenges in the Country Government Priority of Private Sector Development Political Stability

  3. GDPby years (percent of growth) 2.2% 2010 2012 2011 4.7% 7.2% Macroeconomic Stability

  4. INFLATION RATEby years (percent) 8.2% 2010 2012 2011 7.7% 2.6% Macroeconomic Stability

  5. TOTAL FDIs 2012 657 mln USD Macroeconomic Stability

  6. Exports and Imports Structure of Armenia Foreign Trade Turnover 2012 Imports Structure Exports Structure 4266.8 mln USD 1428.1 mln USD • Precious and Semi-Precious Stones • Mining • Foodstuffs • Vehicles • Machinery and Equipment • Precious and Semi-Precious Stones • Foodstuffs • Non-Precious Metal • Mining

  7. Main Export Partners Foreign Trade Partners 2012 Main Import Partners • Russia (20%) • EU (39.2%) • - Germany • - Belgium • - Holland • Bulgaria (9%) • USA (6%) • Iran (8%) • Georgia (6%) • Canada (6%) • Switzerland (5%) • Russia (25%) • EU (26.4%) • - Germany • - Bulgaria • - Italy • - France • China (10%) • Iran (5%) • Turkey (5%)

  8. FDIs Receiving Major Sectors FDIs Structure of Armenia Major Investing Countries • Communication • Power and Gas Supply • Mining Industry • Agro-sector • Beverages • Construction • France • Russia • Argentina • Switzerland • Germany

  9. Country Ratings According to International Assessments 38th Rank INDEX OF ECONOMIC FREEDOM 2013 Rating “Ba2” Rating “BB-”

  10. Country Ratings According to International Assessments 32nd Rank DOING BUSINESS 2013 In 2012 due to efforts of Armenian government almost in one year our country ranking in ease of doing business was changed from 50th to 32nd position for 2013. Armenia is ahead of Belgium, France, Spain, Cyprus, Hungary and Poland.

  11. TradeMarkets Gateway • MFN regime with 150 countries • (WTO full membership) • FTA regime with CIS countries • (tariff free access to 250 million • consumers’ market) • GSP regime with USA, Canada, • Japan, Norwayand Switzerland • GSP+ with the EU

  12. VAT– 20 % PROFIT TAX – 20% Rates No export duty INCOME TAX – max.26% import tariffs 0% Or 10% Simplified taxation for Small and Medium Entreprises TAXATION

  13. Free Economic Zones • High-tech oriented FEZ – on the base of the plant “Mars” and YCRDI • FEZ ORIENTATION • Electronics & Precision Engineering • Alternative Energy • Pharmaceutical industry & Biotechnology • IT & Telecommunication • Industrial Design • The operators of free zones will be granted exemptions from:  • Profit tax • Corporate income tax • Value added tax   • Property tax • Customs duty  0%

  14. Free Economic Zones • FEZ for Jewelry Sector Development • FEZ ORIENTATION • Jewelry and watches production • Diamond processing and cutting • Other jewelry goods and accessories production • The operators of free zones will be granted exemptions from:  • Profit tax • Corporate income tax • Value added tax   • Property tax • Customs duty  0%

  15. Why Invest In Armenia

  16. Why Invest In Armenia

  17. Why Invest In Armenia S C C E S S U EQUAL OPPORTUNITY FOR EVERYONE CREATIVE APPROACH TO BUSINESS SAFE TO LIVE AND DO BUSINESS COST- BENEFICIAL WORKFORCE STABLE ECONOMY SIMPLIFIED TAXATION UNIQUE CULTURE

  18. Where Invest in Armenia Jewelry and Diamond Processing IT and Software Development Pharmacy Production Renewable Energy Wine and Brandy Production Tourism and Hotel Construction

  19. IT and Software Development 360 companies , including 107 foreign 15-20% sector annual growth rate 6,000 IT specialists 400 Softwaregraduates per annum 2,000 IT related students 65% of students speak English

  20. Renewable Energy • 15 years of obligatory purchasing of RE-based electricity by the state • Feed-in tariffs • Support from local authorities • Highly trained and skilled workforce • Resource capacity availability • International cooperation in initiatives targeting the field of energy

  21. Pharmacy Production Decades - long traditions and rich experience in fine chemical industry High market growth in CIS (Russia's dependence on imports of pharmaceutical products is 70%) State-of-the-art testing and up-to-date laboratory facilities Highly educated workforce Strong willingness and readiness of companies to adopt international standards and to cooperate internationally Open and collaborative clusters

  22. Jewelry and Diamond Processing • - Old heritage in Jewelry Industry • - Solid capacity and tradition of processing and growing synthetics diamond • - Huge pool of qualified and experienced cost efficient jewelers and diamond processors • - Huge network of Diaspora in the sector • - Government strong willingness to assist the sector development • - No VAT on imports and sale of gold and precious stones • - No import or export tariff on jewelry

  23. AGRICULTURE Appropriate climate, clean water and 333 sunny days per year Cost-efficient labor workforce Free Access to CIS and strong demand from the Middle East No Export Duty

  24. Tourism & Hotel Construction E-visa scheme or getting visa at the border Safe destination Growing demand in hotel construction More then 5000 historical monuments Annual average growth of the number of incoming tourists is 15-20%

  25. SUCCESS STORIES

  26. Providing Quality Information • - preparation of a tailored information packages corresponding to the needs of foreign investors • Organizing Site Visits • - Planning the Site Visit - planning and preparation of visit of foreign investors, arranging necessary appointments with private and public organizations, • - Managing the Site Visit, starting from meeting at the airport, translator provision, assisting in site selection, etc. • Brokering Business Partnerships – finding the appropriate partners in Armenia • Follow Up Support – managing post-visit support, preparation of additional • information and documentation. • Investment Project Implementation – assisting with company registration • and staff recruitment (job announcements & holding interviews) • Liaising with Government institutions ARMENIAN DEVELOPMENTAGENCY (ADA) wasestablishedbytheGovernmentofArmenia to facilitate foreign direct investment and promote exports. The Prime Minister ofArmenia is the chairman of the board. The ADA actsasa"one-stopshop"agencyforinvestors

  27. WELCOME TO ARMENIA Armenian Development Agency +374 10 57 01 70info@ada.am www.ada.am

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