The investment policy of the Republic of Armenia and the support to the investments are one of the core directions of RA Government economic policy and are stipulated in the investment policy activity program of RA Government.
The investment policy is targeted at the development of favorable investment and business climate, advancement of the transparency of regulating environment, revelation of competitive advantages of the country, increase of the volume of investments in Armenia, development of market infrastructure, and as a result the insurance of economic development based on all the mentioned factors.
The further course of industrial and technological development of the country is mostly conditioned by the development and effective implementation of targeted investment policy. The provision of increase in the volume of the investments in Armenia will solve several key issues, such as creation of new workplaces, involvement of know-how specific to market economies (general and financial management, marketing, new technologies, skills, etc.), revelation of new markets and their accessibility, opportunities for entering them, etc.
Having the objective of effective implementation of investment policy, the Republic of Armenia has announced and is carrying the policy of “Open Doors”. The main legal acts regulating the investment sector in Armenia are the 1994 RA law “On Foreign Investments”, as well as other provisions of legal acts regulating the economic sphere and related to the investments.
According to the above mentioned law, in the event of amendments to the foreign investment legislation of the Republic of Armenia, the legislation that was effective at the moment of implementation of investments shall be applied, upon the request of a foreign investor, during a five years period from that moment. Currently several other amendments are planned, the purpose of which is the equitable, stable and predictable development of investment and business environment, both for local and foreign investors.