Other services - Armenia
Bridge settlement
Armenian securities are not eligible for settlement through the Bridge with Euroclear Bank.
Securities lending and borrowing
Armenian securities are not eligible for CBL’s securities lending and borrowing program.
Disclosure requirements
Please refer to the Disclosure Requirements - Armenia.
Tax services
Interest Income Government bonds
Non-resident legal entities
As per Tax Code Article 126, Section 5, Government debt issued by the Sovereign state of Armenia are tax exempt.
Non-resident individuals
As per Tax Code Article 149, Section 1, Point 1, Government debt issued by the Sovereign state of Armenia are tax exempt.
Interest Income Corporate bonds
Non-resident legal entities
As per Tax Code Article 126, Section 5.1, Point 2, Corporate debt issued in Armenia by international financial institutions or supranational (IFIs) bonds listed at AMX with a maturity of 2 or more years are tax exempt for non-resident legal entities.
As per Tax Code Article 125, Section 4, Point 2, all other corporate bonds are taxed at 10%.
Non-resident individuals
As per Tax Code Article 149, Section 4, Point 1, Corporate debt issued by IFIs listed at AMX with a maturity of 2 or more years are tax exempt for non-resident legal residents.
As per Article 150, Section 5, all other corporate bonds are taxed at 10%.
Capital Gain Government and Corporate bonds:
As per Tax Code Article 125, 126 and 149, No Capital Gain applies to government and IFIs Corporate bonds for non-resident legal entities and non-resident individuals.
Foreign exchange
Foreign exchange services in AMD are supported by CBL Treasury.
Holding restrictions
Any investor that must be taxed at a higher rate compared to the ones listed above are not allowed to hold Armenian securities with Clearstream Banking S.A.