Accounting and finance

Accounting and finance

Our law firm provides accounting services to legal entities operating in various fields in Yerevan and other cities of Armenia.

We offer permanent accounting services for both open and closed joint-stock companies, limited liability companies, production cooperatives, as well as foundations and non-governmental organizations. The accounting services department of the company is managed by our Chief Accountant Susanna Pambukchyan and Financial Consultant Vigen Malkhasyan.

Within the scope of business accounting services, we provide the following services:

  1. Company registration, consultation on choosing the type of taxation, preparation, and submission of reports to relevant authorities, monitoring tax payments, calculation, and organization of salary payments.
  2. Preparation of import and export documents, submission of reports for VAT refunds resulting from imports, and presentation of relevant documents during tax inspections.
  3. Organization of the dividend calculation and payment process.
  4. Development and drafting of employment contracts, accounting organization of employment contract termination or amendment processes, resolution of labor disputes, and provision of other services related to labor law.
  5. Resolution of disputes with tax authorities.

In the case of providing long-term accounting services to corporate clients under a contract, they are offered at significantly reduced/discounted rates.

At the request of a company initiating business activities, our lawyers and accountants conduct a preliminary legal study of the planned business activities. This allows us to calculate in advance the potential tax and customs obligations that may arise from the entrepreneur’s planned activities, as well as the taxes, duties, and other mandatory payments that the entrepreneur may face. We also assess the chances of success in challenging already calculated tax and customs obligations, penalties, and fines imposed by the tax authority in court.

Since the lawyers of our firm, such as Gurgen Nersisyan, Mher Ghazaryan, and Edgar Ayvazyan, have extensive experience in both administrative and criminal cases, the firm can effectively represent the interests of clients in tax and customs matters, regardless of whether administrative or criminal instruments are applied by the competent state authority.

In this regard, it should be noted that, unfortunately, there are cases when state authorities artificially criminalize an apparent administrative case to try to influence the entity with alleged tax obligations through criminal law enforcement methods. Considering such actions by state bodies unacceptable, our firm engages in a legal struggle against such practices by filing appropriate appeals with the administrative and criminal courts operating in the Republic of Armenia. The judicial system of the Republic of Armenia, in this respect, is an effective means of restoring violated rights.

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Frequently Asked Questions

The common property between the participants of shared property can be divided by agreement between the shareholders on the means and conditions for separating the share, or in the absence of an agreement - by court order. The separating owner can demand that the other participants of the shared property pay the value of his share. Instead of separating the participant's share in shared ownership in-kind, the other owners can pay compensation to that participant with the consent of that participant. In case of the obvious inexpediency of dividing the common property or separating a share from it, the court may rule on selling the property at public auction and subsequently distributing the proceeds among the participants of common ownership in proportion to their shares. The joint property can be divided between co-owners by their agreement, or in the absence of an agreement - by court order.
The property acquired by the spouses during a marriage is their joint property unless otherwise provided by law or by an agreement signed between them. The property of each spouse before marriage, as well as the property received by one of the spouses as a gift or inheritance during the marriage, is their property. The property of each spouse may be recognized as their joint property if it is found that investments were made during the marriage from the common property of the spouses or the personal property of the other spouse, which significantly increased the value of that property (major repairs, reconstruction, re-equipment, etc.) unless otherwise provided by an agreement signed between the spouses. The obligations of one of the spouses may be subject to seizure of the property owned by them, as well as his/her share in the common property of the spouses. In case of divorce, only joint property is subject to division between the spouses.
An acquitted defendant has the right to demand compensation for damage caused by illegal criminal prosecution, application of coercive measures, conviction, as well as other illegal restrictions on rights or freedoms. As compensation, the acquitted defendant has the right to receive: 1. The salary, pension, allowance, or other income he was deprived of. 2. The damage caused by seizure, arrest, confiscation, or other disposal of property. 3. The expenses incurred as a result of being in custody. 4. The fee paid to a lawyer. 5. The paid procedural costs. At the request of the acquitted defendant, the body that initiated the criminal prosecution must present public apologies to him/her. Non-pecuniary damage is also subject to compensation, regardless of the pecuniary damage subject to compensation and regardless of the guilt of an official in causing the damage.
The rights of both the employer and the employee are protected in the Republic of Armenia. If you have been notified of dismissal from work on the employer’s initiative, first demand an individual act on termination of the employment relationship. The employment relationship is not considered terminated until the individual act on your dismissal is provided to you in the prescribed manner. Labor legislation and other normative legal acts regulating labor relations establish a special procedure for terminating employment relations, non-compliance with which or violations committed by the employer during the process may serve as grounds for declaring the termination of the employment relationship illegal. To protect your labor rights in such situations, consult with a labor relations lawyer. Remember, the legislation establishes deadlines for administrative and judicial protection of labor rights, failure to meet them without a valid reason may deprive you of the opportunity to protect your rights.
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