Import with lease is possible in a variety of areas in the Republic of Armenia. In our country, the provision of leasing for the acquisition of agro-food equipment is given special consideration. They are provided to both individual entrepreneurs and legal entities and agricultural cooperatives.

There are a number of banks in Armenia that provide leasing. Such banks include Ameria Bank, Akba Bank, etc. Banks provide leasing for animal husbandry, crop cultivation, refrigeration, slaughterhouses and other industries.

Thus, you can purchase the equipment you need on lease, deliver it to Armenia, make a profit from the work and repay the obligations you have assumed to the banks.

The cost of the leased item includes the cost of purchasing the leased item, the costs associated with the import of the leased item to the Republic of Armenia. One of the advantages of importing with leasing is the possibility of customs clearance with leasing. Value added tax is also included in the cost of leasing imports. The next advantage is the possibility of cargo transportation by leasing. That is, transportation costs are also included in the total import costs.

The timing of financing for leasing depends on the riskiness of the transaction, the type of property being acquired and the specifics of the business. The leasing rate also depends on the term of financing.

Usually, depending on the type of the leased item, it is provided with a maturity of up to 8 years. Armenian banks provide leasing in AMD.

Leasing is very close to a loan in terms of urgency, repayment and principles of reimbursement, but leasing cannot be considered a loan.

Advantages of leasing.

• Unlike a loan, it does not require a pledge of property
• Unlike a regular lease, the equipment becomes the property of the organization at the end of the term
• The bank provides consultancy services, reducing purchase risk and, if necessary, providing appropriate payment instruments
• In the event of a financial lease, the equipment is accounted for on the organization's balance sheet and amortized, allowing for income tax deductions
• The business cycle and seasonality are considered when creating the leasing schedule
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