The IT field has become one of the main branches of Armenian economy. It contributes to innovation of technologies and raise of production in the country.
The IT and telecommunications are the most rapidly developing fields, which was declared by the government as a primary direction. The certification Committee of the Ministry of Economy endlessly receives new applications from IT companies to start new activity.
The amount of new applications grew especially after the privileges established by the government. The newly created companies of the field are free of profit tax and regardless of income pay only 10% income tax.
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