Mutual confidence of business organizations in the sphere of today’s foreign economic activity is much valued. Business organizations of Armenia have the opportunity to get the status “Reliable partner” if they meet certain criterias. In Armenia the unbiased body and the institution for granting such status is the Chamber of Commerce and Industry, which provides information on the reliability of the organization analyzing relevant documents.
In accordance with RA law on “Chambers of Commerce and Industry” Chamber of Commerce and Industry of RA and Regional CCI-s keep the register of Reliable partners. The Register of Reliable partners includes business organizations functioning in the Armenian market at least three years and realizing their activity according to RA Legislation, which are ready to represent open information on their financial economic activity.
Requirements for being included in the Register of Reliable Partner
The business organizations (wishing to be included in the Register), whose separated subdivisions, representations, branches and territorial organizations are situated in some marzes of RA, introduce an application to Chamber of Commerce and Industry of the Republic of Armenia or Regional CCI-s.
For that purpose the following documents should be included:
Receipt of payment for being included in the Register
The copy of Regulation
The copy of the decision of founders or the decision on foundation of a company with stamp certified by the organization
The copy of certificate of State Register
The copy of passport and reference from the place of residence
The copies of patents for special activities
Form N1, N2, N3, N4, N5 financial reports for the previous four quarters, and balance together with attached materials (certified by tax bodies)
Reference on opening bank accounts on the headings of the organization
Auditing results (if available)
Completed application on business organization (in electronic version)
Supplement: The copies of all documents must be signed by the Head and certified by stamp
Chamber of Commerce and Industry of RA examines the introduced documents within 30 working days and the business organization is included in the Register if he meets all the criterias. In this case,CCI of RA introduces the certificate of approved rules to the organization. The business organization included in the Register of Reliable partners makes alterations of the introduced documents and materials (mainly on the basis of intermediate and annual accounting balance) to appropriate Chamber once in six months. A written notification is being sent to business organization in case of not performing such requirement. The latter is removed from the Register of Reliable partner in case of not submitting the upper mentioned information within 1 month.