Customs duties can often make up a significant portion of the cost of imported goods. However, many are unaware that Armenian legislation and EAEU regulations provide numerous customs privileges that allow you to legally save substantial amounts of money.
Who Can Benefit from These Privileges?
Privileges are generally divided into two categories: personal and business.
- Individuals: If you are moving to Armenia for permanent residence (repatriation), you can import your personal belongings and one car duty-free. It is essential that the items are used and were acquired before moving to Armenia.
- Business and Investments: This is the broadest sector. Within the framework of investment programs, organizations can be exempt from customs duties when importing technological equipment, components, or raw materials, provided they are not produced within the EAEU territory.
How to Proceed
A mere desire is not enough to benefit from a privilege; professional documentation is required:
- Preliminary Research: Before ordering the goods, verify the HS code. This code determines whether the item falls under a privileged list.
- Certificate of Origin: In many cases, privileges are granted based on the country of origin (e.g., Free Trade Zones). Without a "CT-1" or other relevant certificate, you will have to pay the full rate.
- Submitting an Application: For business projects, a Government decree or approval from the Ministry of Economy is often required.
The Role of Professional Support
Customs legislation changes very rapidly. An incorrectly filled declaration can not only deprive you of a privilege but also lead to fines. Therefore, working with an experienced customs broker is an investment in your savings.
Visit brokers.am/services/request-broker, fill out the request, and receive the best quotes from experienced brokerage companies. Save your time and money with professional help.
