“Senior Armenian and Russia officials inaugurated over the weekend Armenia’s first-ever tax-free business zone which is meant to mainly cater to high-tech manufacturing companies. The Free Economic Zone is located in the premises of an electronics plant and a research institute in Yerevan that were handed over to Russia, along with several other Armenian enterprises, a decade ago in payment for Yerevan’s $100 million debt to Russia. Companies will be exempt from profit, value-added and property taxes as well as import duties. The government hopes that this privileged business environment will help to attract more foreign investment to Armenia.”
http://asbarez.com/112173/first-tax-haven-in-armenia-launched/
Related posts:
South African banks in massive credit card data breach
Switzerland reintroduces immigration quotas after sudden influx of Europeans
U.S. Scrutiny for Banks Shifts to Commerzbank and Germany
Double standard: Mugabe 'was leasing out land to whites', says report
Bitcoin: the fastest growing currency in the world
Banking Exec Sues LAPD; Claims Beating and Illegal Detention
Global financial system as risky as before credit crunch, warns IMF
Bitcoin Futures Surge In First Day Of Trading
World's first 'invisible' skyscraper planned for South Korea
Google: Motorola's tattoos could replace passwords
Britons with data on Amazon, Apple and Google cloud servers in America can be snooped on in secret b...
With the end of Fed's QE in sight, U.S. public says 'Huh?'
Farm subsidies on the rise in the world’s biggest economies
Marijuana’s IRS Problems Spark New Bill
Texas lawman sentenced to 1 year prison for protecting drug smugglers