Best Board of Investment (BOI) Lawyers in Yerevan

About Board of Investment (BOI) Law in Yerevan, Armenia:

The Board of Investment (BOI) in Yerevan, Armenia is an organization that promotes and facilitates investment in various sectors of the country's economy. It aims to attract local and foreign investments, stimulate economic growth, and create employment opportunities. The BOI provides a range of services to investors, including assistance with investment projects, investor support, and promoting favorable investment climate in Yerevan.

Why You May Need a Lawyer:

Seeking legal advice in the field of Board of Investment (BOI) can be beneficial in various situations, such as:

• Establishing a new business in Yerevan under the BOI scheme
• Navigating the legal requirements and procedures for investing in specific sectors
• Drafting and reviewing investment agreements and contracts
• Resolving disputes or conflicts related to investment projects
• Understanding the rights and obligations as an investor

Local Laws Overview:

When considering investments under the Board of Investment in Yerevan, it is important to be aware of the following key aspects of local laws:

• Armenian Law on Foreign Investments: This law regulates the establishment and operation of foreign investments in Armenia, including investment protection measures and dispute resolutions.
• Company Law: The laws governing company establishment, corporate governance, and other relevant regulations should be considered when investing in Yerevan.
• Labor Law: Understanding labor regulations and employment practices is vital to ensure compliance when hiring workers for investment projects.
• Taxation Laws: Investors should be familiar with tax regulations, incentives, and obligations applicable to their investment activities in Yerevan.

Frequently Asked Questions:

1. Can foreign investors benefit from the Board of Investment (BOI) in Yerevan?

Yes, the BOI aims to attract both local and foreign investments. Foreign investors can benefit from various incentives and support offered by the BOI.

2. How can I establish a new business under the BOI scheme in Yerevan?

To establish a new business under the BOI scheme, you should submit an investment proposal to the BOI, providing details about your investment project. It is advisable to consult a lawyer familiar with BOI laws for assistance with the application process and legal requirements.

3. What are the available investment incentives in Yerevan?

The available investment incentives may include tax benefits, customs duty exemptions, land lease privileges, and access to skilled labor. The specific incentives depend on the nature and scale of the investment project.

4. How can I resolve disputes related to my investment project in Yerevan?

If you encounter any disputes related to your investment project, it is advisable to seek legal advice. Disputes can often be resolved through negotiation, mediation, or arbitration. A lawyer specializing in investment law can guide you through the dispute resolution process.

5. What is the role of the BOI in protecting investors' rights?

The BOI aims to create a favorable investment climate and protect the rights of investors by providing support, promoting transparency, and facilitating efficient communication between investors and relevant government agencies. However, in legal matters, consulting a lawyer is crucial to ensure full protection of investors' rights.

Additional Resources:

For more information and assistance regarding Board of Investment (BOI) in Yerevan, Armenia, you may find the following resources helpful:

• Ministry of Economy of Armenia: The official website of the Ministry of Economy provides information about investment opportunities, policies, and regulations in Armenia.
• Armenian Lawyers' Association: A professional organization of lawyers in Armenia that can provide legal support and guidance.

Next Steps:

If you require legal assistance in the field of Board of Investment (BOI) in Yerevan, consider following these steps:

1. Gather relevant documentation and information about your investment project
2. Research and shortlist competent lawyers with expertise in BOI laws
3. Schedule consultations with the selected lawyers to discuss your specific needs and concerns
4. Consider their experience, knowledge, and proposed strategies before choosing a lawyer
5. Engage the chosen lawyer to represent and guide you through the legal complexities of BOI in Yerevan, Armenia