PricewaterhouseCoopers Armenia LLC (PwC)

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PWC


Joined

November 14, 2007


Membership Type

Silver

PricewaterhouseCoopers Armenia LLC (PwC)


With offices in 157 countries and more than 276,000 people, we are among the leading professional services networks in the world. We help organisations and individuals create the value they’re looking for, by delivering quality in assurance, tax and advisory services. Some facts about PwC:

  • In FY19, PwC firms provided services to 85% of the Global Fortune 500 companies and more than 100,000 entrepreneurial and private businesses.
  • 69,734 people joined PwC firms around the world in FY19
  • For the year ending 30 June 2019, PwC’s gross revenues were US$42.4 billion.

PricewaterhouseCoopers has been serving clients in Armenia since 1996, and in September 2007 opened an office in Yerevan. The local knowledge coupled with a strong network of global resources allows us to deliver tailored solutions to complex business problems in the Armenian environment. One of our missions is also to bring the international good experience into Armenia and Armenian market and to have our input for the development of Armenian business and business environment. We use our knowledge, experience and thinking to deliver solutions and create business perspectives.

PwC Armenian office is an auditor and business advisor to some of the largest companies in the region. Within the region, PricewaterhouseCoopers has an outstanding reputation for independence, quality, excellence and integrity. The office personnel include national experts in assurance and advisory services, corporate finance and information technology, as well as tax services. PwC Armenia also benefits from the strong regional and global resources of the network.  What does it mean to the client? It means that we can source an expert within our firm to solve virtually any problematic business issue that a client might face.

Over the last several years, PwC has made significant investment in the Central Asia and Caucasus region, including Armenia, and we are committed to growing here in concert with the business community, both local and international. PwC is well positioned to service virtually all aspects of the potential business environment.

PwC enjoys a particularly strong reputation in providing audit and tax services to many of the multi-nationals operating in Armenia.

Country Managing Director

Nino Kadagishvili


Contact


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ArmSwissBank CJSC

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ArmSwissBank


Joined

May 10, 2006


Membership Type

Silver

ArmSwissBank CJSC


“ARMSWISSBANK” CJSC was founded on October 7th   of 2004. The founder and sole shareholder of ARMSWISSBANK is Vartan Sirmakes, the founder, co-owner and CEO of the world famous “Franck Muller Watchland” watchmaker company.

Withdrawing from retail banking, ARMSWISSBANK conducts its activities in three main directions, specializing in internationally accepted services of corporate, investment and private banking. The Bank does not render services to non-account holders and focuses on the full satisfaction of clients’ needs.

Within the scope of corporate banking ARMSWISSBANK offers its clients flexible loan schemes to meet their business growth and financing needs. The Bank assists importers and exporters with various trade financing tools and through a wide network of international partners. ARMSWISSBANK is a member of Factors Chain International, which enables it to provide factoring services in about 70 countries. To hedge against commodity price and foreign exchange fluctuations the Bank offers its clients commodity and financial forwards, futures and swaps.

Within the scope of investment banking, the Bank renders custody and brokerage services providing with an opportunity to invest in shares of Armenian, American, European and Russian companies, shares of investment funds, government and corporate bonds, and commodity and financial futures. The Bank helps prominent local companies to attract financing through organizing the issuance and allocation of securities.

ARMSWISSBANK, being one of the leaders in Armenian government securities market and Government’s agent for internal state debt management, also acts as a market maker to enhance liquidity of Armenian securities market.

High net-worth clients, who need to manage their wealth effectively and grow it, are the primary target group of our private banking services.

Executive Director

Gevorg Machanyan


Contact


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Grant Thornton CJSC

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Joined

January 1, 2006


Membership Type

Regular

Grant Thornton CJSC


Grant Thornton CJSC is the Armenian member of Grant Thornton International, one of the world’s leading organisations of independent assurance, tax and advisory firms. Sharing the Grant Thornton philosophy worldwide, the firm provides partner-led, personalised services with high end professional standards and approaches dedicated to the needs of dynamic, growth orientated organizations of public and private sectors. For about 20 years Grant Thornton has been providing audit and advisory services to top-level commercial organizations in various sectors of activity, governmental and non-governmental organizations, international and local organizations, as well as a number of financial institutions, including national and commercial banks, credit organizations, funds, insurance and brokerage companies in Armenia, Georgia, Tajikistan, Kyrgyzstan, Uzbekistan, Belarus, Russia, Ukraine, Kazakhstan and Mongolia. Grant Thornton Armenia consists of over 160 experienced international and local public accountants and auditors, advisers in finance, business and management, as well as tax and legal advisers professionals, working at the two offices in Yerevan. These experts have sufficient competence and experience to provide highest quality services with due care and professionalism. The firm provides a spectrum of professional services, designed to provide tailored solutions to the needs and requirements of the clients. The company’s key services are:

Assurance

  • Audit of financial statements prepared according to International Financial Reporting Standards (IFRS), US GAAP and other financial reporting frameworks
  • audit of statutory financial statements
  • agreed upon procedures
  • IT assurance framework (ITAF) – information technology auditing standards, guidelines and procedures (ISACA)
  • review of financial statements.

As statutory auditors we prepare reports to shareholders as required by law and attend the annual meetings of shareholders.

Tax

We advise our clients on all aspects of corporate tax strategy development and tax planning, tax issues arising from formation or acquisition of a company and provide an overview of local and international perspectives.

Advisory

Operational advisory

  • Business risk services – special attestation services, internal audit, governance and risk management, risk modelling services
  • Business consulting services – operational improvement, change and program management, IT management, business intelligence & analytics

Transactional advisory

  • Transaction services – M&A advisory, due diligence, valuations, capital markets: acting as nominated advisory or sponsor
  • Restructuring and recovery – advisory on corporate restructuring

Dispute management advisory

  • Forensic investigations – digital forensic services: data analytics

Other services

Outsourcing services range from set up of accounting systems and regular account maintenance to provision of interim reviews of the accounts and preparing budgets and monthly or quarterly reports. As accountants we also prepare year-end financial statements and all tax and social contribution returns.

Legal advisory involves a wide spectrum of corporate legal consultancy ranging from incorporation and liquidation matters, legal representation, litigation, ad-hoc legal advice, provision of legal opinions to execution of due diligence and structuring deals from a legal viewpoint. We also provide law drafting services to our clients.

Managing Partner

Gagik Gyulbudaghyan


Contact


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First Mortgage Company

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Joined

December 1, 2005


Membership Type

Regular

First Mortgage Company


The First Mortgage Company (FMC) is the first private residential mortgage finance company in Armenia which is licensed and regulated by the Central Bank of Armenia. Since the establishment in 2004, FMC’s mortgage lending programs have been successfully running in Armenia.

FMC’s mission is to develop Armenia’s housing market through Investing in Communities of Armenia. FMC’s goal is to provide high quality lending services to satisfy customer’s constantly changing needs and to fulfill people’s dream of building or buying a new home.

FMC is a Partner Financial Institution in a mortgage refinance program funded by KfW Bank and administered by the Central Bank of Armenia. FMC is a leading mortgage lender in this project.
FMC is partnering with Habitat for Humanity International to originate and service mortgage loans to lower income groups across Armenia.

FMC has recently concluded a loan agreement with the Overseas Private Investment Corporation, an agency of the U.S. Government, which has started direct disbursement of multi-million dollar credit facility to FMC. The FMC will originate mortgage loans to middle and upper-middle income families under this facility.

FMC has recently concluded a Portable Loan Guarantee Commitment Agreement with USAID and the Development Credit Authority that will partially guarantee a multi-million dollar credit facility to FMC. FMC will use the proceeds of the loan to originate mortgage loans to low and middle income families in Armenia. FMC is a well recognized mortgage lender in Armenia.

Managing Partner/CEO

David Atanessian


Contact


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Synopsys Armenia CJSC

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Synopsys


Joined

September 08, 2005


Membership Type

Regular

Synopsys Armenia CJSC


Synopsys Inc. (SNPS) is a world leader in software and IP for semiconductor design and manufacturing. The company delivers technology-leading system and semiconductor design and verification platforms, IC manufacturing and yield optimization solutions, semiconductor intellectual property and design services to the global electronics market. These solutions enable the development and production of complex integrated circuits and electronic systems. Synopsys addresses the key challenges designers and manufacturers face today, including power management, accelerated time to yield and system-to-silicon verification. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan and Asia.

Synopsys established its presence in Armenia in 2004. Since then, Synopsys Armenia CJSC has become the largest Synopsys site outside of the U.S., providing R&D and product support in EDA, design for manufacturing (DFM) and the development of semiconductor intellectual property (IP). Currently, with the former Virage Logic staff joined as a result of the company acquisition, Synopsys Armenia employs over 550 high quality Armenian engineers, and is one of largest IT employers in Armenia. To support its growth, the company is investing in IT education, and is engaged in a number of pioneering and successful cooperation programs with Armenia’s leading universities. The company consistently promotes public interest in the industry by organizing and/or sponsoring the Global IT Award of the Armenian President for Outstanding Contribution, Presidential Awards for the best students in IT, and contests among young specialists and students, and through media, charity work and volunteer activities.

Director

Mr. Hovik Musayelyan


Contact


  • (+374) 10 492 100
  • 41 Arshakunyats Avenue, Yerevan 0026
  • +374 10 492 696

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Center for Agribusiness and Rural Development Foundation (CARD)

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CARD


Joined

June 17, 2005


Membership Type

Associate

Center for Agribusiness and Rural Development Foundation (CARD)


The Center for Agribusiness and Rural Development (CARD) Foundation is a “one-stopshop” economic development organization with a highly-trained and motivated staff, a broadclient base, and unparalleled country-wide coverage throughout Armenia. It was establishedon April 4, 2005 as a local Armenian organization by USDA FAS.CARD’s mission is to assist farmers and agribusinesses in the production and marketing offood and related products, to increase incomes and create jobs leading to sustainable livelihoodsfor rural populations that significantly impact poverty reduction.CARD and its affiliates CARD AgroService CJSC and CARD AgroCredit UCO offer a complete,integrated package of agricultural development services that are market driven, innovativeand aim at creating self-sustainability and competitiveness. Its programs are impact-oriented,and respond to real challenges faced by Armenian farmers and agribusinesses. Eachinitiative focuses on enhancing agribusinesses and improving rural livelihoods.

Director

Gagik Sardaryan


Contact


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INGO ARMENIA Insurance CJSC

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Joined

May 6, 2005


Membership Type

Regular

INGO ARMENIA Insurance CJSC


INGO occupies a special place in the Armenian insurance market for almost 30 years and is one of the market leaders. The company has been a reliable partner for thousands of individuals and companies, including top taxpayers of Armenia. The company continuously improves its services by using new technologies and process automatization to high quality insurance service. The mission of the company is to reduce risks and empower the clients with the freedom of making confident decisions.

INGO offers a comprehensive range of insurance products both for retail and corporate clients:

– Motor insurance

– Compulsory MTPL

– Property Insurance

– Personal Accident Insurance

– Travel Insurance

– Cargo Insurance

– Liability Insurance

– Contractors’ All Risk Insurance

INGO aims to revolutionize the insurance market and foster a culture where everyone feels secure and confident, by making insurance simple, reliable and available.

Our long-standing experience has equipped us with deep industry insights and a profound understanding of risk management, allowing us to offer solutions that are both robust and tailored to the unique needs of each client.

A key focus for INGO’s growth strategy is the development of bancassurance.

INGO aims to revolutionize the insurance market and foster a culture where everyone feels secure and confident, by making insurance simple, reliable and available.

27 years in insurance market of Armenia

OUR MISSION

Risk is an inherent part of any activity.

Our mission is to reduce risks and empower our clients to achieve make confident decisions.

OUR VISION

A new approach to insurance

To reform the insurance industry and create a new market that goes beyond traditional risk management and will become an effective development tool.

Our goal is to create new perspectives in the insurance industry.

Our core values are PEOPLE

  • Our customers
  • Our partners
  • Our team

WE VALUE

  • Being reliable
  • Creating new
  • Acting transparently
  • Never stop being brave
  • Winning as a team
  • Striving for more

CEO

Mr. Rafik Suvaryan


Contact


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Armobil Security Service CJSC

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Joined

February 18, 2005


Membership Type

Associate

Armobil Security Service CJSC


“ARMOBIL” is a leading private security company in the Republic of Armenia, that offers its clients the finest and the most innovative security measures. “ARMOBIL” was established in 2000 and with over 11 years of experience has become the largest security service provider in Armenia, employing over 1300 trained security officers, having 30 mobile patrol vehicles equipped with GPS system ( 17 in Yerevan, 13 in the regions). Our motto is “Navigating Your Security Needs”.

“ARMOBIL” has proven to the best choice for hundreds of local companies, international organizations and individuals. And as to this fact was awarded “Century International ERA Award” on March 10th, 2008, in the Inter-Continental Geneva Convention Hall, Switzerland, in recognition of outstanding commitment to Quality and Excellence of Customer Satisfaction, Leadership Strategic Planning.

ARMOBIL offers the following services:

Security Guarding & Reception Service

– V.I.P. Bodyguard

– Alarm Monitoring Response Service

– Vehicle Patrol Service

– Quick Reaction Groups

– Central Video-Monitoring System

– Loss Prevention Management

– Cargo Escort Service

– Security For Special Events

– Security & Ethics Training Programs

– Sale, Installation and Technical Service of Security Systems

ARMOBIL specializes in the following:

– Construction Site Security

– Industrial Security

– Residential Security

– Hospital Security

– Hotel Security

– Financial Institution Security

– Embassy & Diplomatic Residence Security

– Event Security

Our services include com mercial, industrial and civil protection, which will entitle You to a security proof at mospher e allowing to concentrate on Your basic business and living activities.

For more information please visit the following links: http://www.armobil.am/,  http://www.bodyguard.am/

General director

Vahagn Kakosian


Contact


  • +374 10 533 501; +374 10 200 265
  • 49 Arabkir str., # 1, Yerevan 0037 Armenia
  • http://www.armobil.am/

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Ameria CJSC

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Joined

January 21, 2005


Membership Type

Gold

Ameria CJSC


Established in 1998, Ameria is one of the leading advisors in Armenia providing under the umbrella of a single team an array of comprehensively packaged solutions comprised of individually tailored management advisory, public advisory, legal and tax advisory services for public and private clients. We are supporting local and foreign investors with our expertise in such industries as IT, pharma, Life Science, data management, renewable energy, telecommunications, high-tech industries, tourism and hospitality, agriculture, food and beverages, financial institutions, metals and mining, trade, retail distribution, transportation and logistics, media and entertainment and many others. In addition, to servicing business and private sector Ameria is actively supporting Government and public institutions in implementing reforms and improvements in such sectors as justice and law, economic development, private sector development, energy and environment, public administration, public finance management, labor, employment and social services, education and health care.

Ameria Legal and Tax Advisors’ strong team is committed to providing an all-embracing package of legal advisory and representation services to businesses and business individuals adding real value to its customers and contributing to their success. Every year our lawyers deal with a significant number of cross-border projects of different scale and have their valuable input in successful completion of those. Ameria Legal and Tax Advisors is the only Armenian law firm enrolled in such internal legal networks as Europe Caucasus Asia (ECA), WAOML (World Association of Mining Lawyers), First Law International (FLI), etc. and has developed strategic partnership with various prominent advisory firms in the region and beyond. That enables the firm to have true international reach and provide coordinating services covering various regional jurisdictions.

Ameria Legal and Tax Advisors has gained a reputation of a reliable partner working towards creating a sound future for its clients and providing one-window solutions to multiple layer issues and problems raised by the clients. The firm provides full-fledged legal support for successfully doing business in Armenia, including but not limited to the following services covering any industry and any area of business law:

  • Ongoing servicing of business
  • Domestic and foreign investment structuring & protection
  • Registration, reorganization and liquidation of entities in Armenia, shareholding structuring with view of benefiting from tax treaties and efficient business exit
  • Licensing, standardization, accreditation, certification and trademark registration
  • Drafting and review of contracts, agreements, deeds, warrants, authorizations and other legal documents
  • Legal and tax due diligence (overall and domain specific)
  • Client representation in courts, arbitration and mediation, as well as negotiations and transactions
  • Acting on behalf of the client based on properly structured representation mandate and powers of attorney
  • Transaction and investment structuring, execution and closing, Client representation in negotiations with the third parties.

With its extensive expertise in a number of sectors and highly professional and experienced team, Ameria Management Advisors stands as a reliable partner for many of today’s successful companies. By combining its broad industry experience with all-embracing range of management advisory services Ameria Management Advisors meet specific needs of each client and propose unique solutions both on strategic and operational levels. Additionally, Ameria Management Advisors tailors its professional expertise and experience to assist the clients and partners in conforming to rapidly changing environment by transferring relevant innovations and skills.

Gradual enhancement of the scope, coverage and level of professionalism of operations over the last two decades has earnt Ameria Management Advisors the status of a recognized international actor. Ameria Management advisory is a member of different consortia for EU Framework Contracts Beneficiaries 2013 (Lot 7 – Governance and Home Affairs) and Framework contract services for the implementation of external aid 2018 (FWC SIEA 2018) (Lot 2 – Infrastructure, sustainable growth and jobs). As such, Ameria Management advisory is participating in the implementation of different scale projects in Armenia and worldwide. Areas covered under FWC SIEA 2018 include such sectors as transport & infrastructure, digital technologies & services, sustainable energy, private sector, trade & employment. Additionally, Ameria Management advisory is a member of the International Consulting Alliance, a network of independent like-minded advisory and research organizations worldwide dedicated to providing top quality development consultancy services in emerging economies, that allows attracting best expertise from all over the world. Starting from 2019, Ameria Management advisory is a local, exclusive partner of Global Entrepreneurship Monitor (GEM) in Armenia, leading study of entrepreneurship, a project of Babson College (USA) and London Business School (UK). GEM is a trusted resource on entrepreneurship for key international organizations, e.g. UN, WB, WEF and OECD, providing custom datasets, special reports and expert opinion.

Ameria Management Advisors provides a full range of services for its local and foreign, private and public clients, including but not limited to:

  • Analyzing and Defining Strategies
  • Market Analysis and Strategy Development
  • Business Modelling
  • Feasibility Studies
  • Business Process Reengineering
  • Marketing and Sales
  • Performance Measurement and Motivation Systems
  • Executive Selection and Recruitment
  • Finance and Risk Management
  • Technology and Digital
  • Franchise Support
  • Training and Development

Ameria Management Advisors has also a very strong research team and currently not only do tailored researches based on the specific Client’s request, but also have initiated periodical publication of unsolicited researches on country’s key economic sectors and development issues available also on subscription.

You can find the following research reports:

Ameria CJSC

General Director, Director of Ameria Legal and Tax Advisors; David Sargsyan

Director of Ameria Management Advisors; Tigran Jrbashyan


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UNITRANS Ltd. International Freight-Forwarding Company

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UNITRANS


Joined

December 1, 2004


Membership Type

Regular

UNITRANS Ltd. International Freight-Forwarding Company


  • Established about 50 years ago as UNITRANS Companies Worldwide
  • Established in 1995 in Armenia
  • Awarded ISO 9001:2000 / SGS Certificate in 2005, first in Armenian freight-forwarders

Company performs transportation all over the world by all modes of transportation and is known for weekly consolidations from Europe and Asia. UNITRANS offers full set of services, including packing, insurance, customs clearance, warehousing and “door-to-door” transportation.

 

 

SERVICES

 

  • Trucking
  • Air Freight
  • Sea Freight

 

  • Weekly consolidated imports from Europe, Asia and Russia
  • Monthly consolidated exports to Europe
  • Consolidated imports from Dubai, UAE

 

COMPLIMENTARY SERVICES

 

  • Packing
  • Insurance
  • Customs clearance
  • Warehouse handling

 

 

                                                                                            

MEMBERSHIP

 

  • AAFF – Association of Armenian Freight-Forwarders, since 2001
  • FIATA – International Federation of Freight Forwarders Associations, since 2002
  • AACC – Armenian American Chamber of Commerce, since 2003
  • Amcham – American Chamber of Commerce in Armenia, since 2005
  • DWV – German Business Association, since 2015

Executive Director

Mr. Meghrdich Arzemanian


Contact


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