? FEZ residents are exempt from all taxes, except for the comprehensive income tax on employee salaries (personal income tax = 23%):
? Income tax — 0%
? VAT — 0%
? Import customs duties — 0%
? Export customs duties — 0%
? Dividend taxes — 0%
? Real estate and property taxes — 0%
? In addition, FEZ residents are exempt from all currency restrictions.
They are entitled to repatriate investment capital, profits, and dividends.
? Residents have the following opportunities:
? Minimization of costs associated with export and import customs duties
? Ability to establish competitive prices for manufactured products
? Hiring of skilled local labor, with no restrictions on hiring foreign personnel
? Business operations with minimal administrative barriers under simplified procedures (“one-stop shop” services and on-site customs clearance within the FEZ)
? Access to modern infrastructure of the FEZ and the capital of Armenia
? Synergetic benefits from cooperation with other resident companies, including the joint use of production and R&D facilities within different areas of the FEZ under the same preferential terms
