Sectorial Brochure IT Sector of Armenia/ BA | Page 8

56
th
Networked Readiness Index (out of 139)
Mobile network coverage
st
1
st
1
Internet & telephony competition
Adult literacy rate
th
8
BUSINESS ENVIRONMENT
DOING BUSINESS 2019
41
MODERATELY
FREE
st
STARTING A
BUSINESS
8
7
th
ECONOMIC FREEDOM INDEX 2018
44
th
REGISTERING
PROPERTY
14
th
INVESTMENT
FREEDOM
75 %
MOSTLY FREE
OUT OF 190 COUNTRIES OUT OF 180 COUNTRIES
Source: World Bank, Doing Business Database Source: Heritage Foundation Database
Takes 3 days to open a company, 7 days to
register property Five-year investment protection
from changes in legislation
E cient e-governance services in place Free exchange of foreign currencies and
repatriation of profit
100% foreign ownership permitted Well-regulated banking system
No restrictions on investment sectors Foreign companies registered in Armenia
have the right to buy land