Schmidt & Schmidt offers financial statements from Armenia in electronic form and their translations into English.
According to law, most Armenian companies must submit annual financial statements. These data are reported in electronic form or in paper.
Reporting of financial statements in Armenia is subject to the Accounting Act and other regulations.
In Armenia, the IFRS are used by public companies, large companies and companies participating in stock exchange. They also can be used by small and medium-sized companies, with micro-sized companies being an exception.
Depending on a company’s nature of business, financial statements are filed to tax authorities, statistics authorities and other state authorities.
Financial organizations, large companies and some other commercial and non-commercial structures are obliged to publish their financial statements. Publications can be made in Internet or special printed editions. Besides, joint-stock companies and funds are obliged to publish their financial statements on a special website for public information of the Republic of Armenia.
Financial statements must be filed until the 1st July of the following year. Delayed filings are punishable.
Annual financial statement includes:
- Balance sheet
- Profit and loss report
Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.
Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.
Financial statements can be obtained from special publications or the state website for public information.
Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.
To obtain financial statements of a specific enterprise, its full name in Armenian language and registration number are required.
Financial statements are provided in accordance with the Armenian legislation and legal requirements on personal data protection. Requests are proceeded within one working day.
On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.
Financial statement from Armenia: 50 EUR. Translation of a financial statement into English: from 35 EUR.
What are financial statements?
In our video, we explain the definition and function of financial statements and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt & Schmidt will gladly assist you. We offer annual financial statements from more than 100 countries all around the globe.
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