Starting A Company In Armenia

[Icy]

Hey guys, this is a question that's always been
on my mind, and I was hoping that some people
in this forum who have had experience in Armenia
could help me out.

Ok, from what I've heard from a lot of people is
that who ever goes to Armenia for bussines, and
sets up a company, they usually get their money
stolen somehow, either someone knows a relative
or they just scam you since you aren't an Armenian
citizen.

My question is, is this true? Can you really start a
company in Armenia without any problems concering
theft, corruption, false government statements?

[Mos]

Re: Starting A Company In Armenia

It's very hard to start an honest business in Armenia. As you may know, many businesses in Armenia are part of a large monoplolies which in turn are supported by government. Most of the succesful businesses are controlled by the oligarch people like Dodi Gago and if they see any competition they will make to take it out (yes people have been killed as a result). However, it all depends what kind of business and how much connection you have in Armenia; you're going to have to bribe and use questionable tactics sometimes to achieve your goal. However, there have been a very small amount of people who have been able to start a succesful business out of scratch and using honest ways but that is very rare.

[Icy]

Re: Starting A Company In Armenia

Damn, is it that hard?
Do you think it will ever change?
Because in about 10 years, I wan't to start
a medium sized company their.

[Mos]

Re: Starting A Company In Armenia

Damn, is it that hard?
Do you think it will ever change?
Because in about 10 years, I wan't to start
a medium sized company their.

Depends. Probably not when Serzh or someone like him is in office. Yet again, you will have better luck starting a business in which oligarchs don't have much power. For example, it would be a bad idea to start a diesel business or a water business because the big named oligarches have control over those businesses and your business will never survive.

[KanadaHye]

Re: Starting A Company In Armenia

Depends. Probably not when Serzh or someone like him is in office. Yet again, you will have better luck starting a business in which oligarchs don't have much power. For example, it would be a bad idea to start a diesel business or a water business because the big named oligarches have control over those businesses and your business will never survive.

It's pretty sad when you have to form your own army just to survive within your own country!!

[Icy]

Re: Starting A Company In Armenia

Ya, I mean I wish the Armenians in Armenia
acted this way towards foreign businesses, so
they don't take advantage of our country, but
not act this way towards their own race of people.