Government grants 3-year VAT delay for light industry investment program

A regular Cabinet meeting was held today, chaired by Deputy Prime Minister Tigran Avinyan, the government's press service reported.

The Government decided to establish a visa-free regime for citizens of the Hong Kong Special Administrative Region (SAR) of the People’s Republic of China. The decision will help increase the flow of tourists to Armenia, as well as attract investment. After the decision has been adopted, the Armenian side will discuss with the Hong Kong SAR the permitted periods for citizens to stay in each other’s territories.

As Foreign Minister Zohrab Mnatsakanyan noted, a preliminary agreement has been reached between the Special Administrative Region of Hong Kong and Armenia to establish a visa-free regime from March 3, 2019.

Under another decision passed by the Government, R. Zakaryan Ltd was granted a 3-year VAT payment delay for the specified investment program.

The Company is ...