Lately, Armenia has become a very active tourist spot not only for Armenians  but for all the people  from around the world. Most of the tourists visiting Armenia are American Armenians coming to discover the wonders of their homeland.

Having the number of tourists increasing so fast during the past years makes Armenia a wonderful country for investment for American Armenians. The number of big investments in Armenia is rising day by day.

The largest foreign investors in Armenia are those that have acquired interests in the telecommunications, mining, energy, air transportation, and financial sectors. The privatization of Yerevan's largest hotels, two historic brandy factories, the Zvartnots International (Yerevan) and Shirak (Gyumri) Airports, the telecommunications network, several mining assets, and much of the energy generation and distribution system accounts for the bulk of the foreign commercial presence in Armenia.

Armenia has a liberal exchange system, and in general, there are no restrictions on converting or transferring funds associated with an investment into freely usable currency, and at a legal, market-clearing rate. Foreign exchange is widely available, and the local currency, the Armenian dram (AMD), is freely convertible. Maintaining foreign currency accounts in Armenia is also permitted.

Armenia's investment and trade policy is relatively open; foreign companies are entitled by law to the same treatment as Armenian companies (national treatment) which is a big plus for investors.

Surveys suggest that Armenia is a relatively easy country in which to do business. The World Bank study, Doing Business 2012, ranked Armenia as the 55th (compared to 61st in 2011) easiest country to do business out of 183 countries surveyed. According to the United Nations Development Programme’s annual report on “Human Potential Development Index” for 2011, Armenia is classified among countries with a “high level” of human development potential.

Isn’t this a wonderful chance for our fellow American Armenians to be useful for their homeland and get benefits from their investment. 

ArmenianBD.com News