Armenian companies have the possibility to establish corporate bank accounts in Armenian national currency or other main foreign currencies. As most European banks, corporate account holders in Armenia will be charged with the following types of commissions:

-    commission-fee for setting up the Armenian bank account;
-    on-going administration fee – it is usually charged yearly or monthly;
-    commission-fees for deposits or withdrawals;
-    commission-fee for closing the account.

Documents requested for the opening of an Armenian bank account might differ from bank to bank. However banks in Armenia usually request the following documents:

-    copies of passports/ID Cards of directors and shareholders;
-    copy of the Armenian company’s Articles of Association;
-    copy of the company’s Certificate of Incorporation issued by the Armenian Trade Register;
-    Trade Register Extract/Certificate of Good Standing;
-    Specimen Signatures of Directors;
-    Bank Forms.