Azerbaijan
Gibraltar
Switzerland
TurkeyNikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the CBA licence, including banking and payment rails.
Forex license in Armenia: CBA licence for professional clients only.
A forex license in Armenia is a Central Bank of Armenia (CBA) licence for an investment company, and since 18 January 2019 it covers professional clients only: forex and CFD services to retail clients are banned. Dealing in forex on own account needs AMD 1 billion of capital; the CBA decides within one month of the application. We prepare the file from our Yerevan office.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated · Reviewed by the Prifinance team
Armenia in brief
Forex license in Armenia: professional clients only since January 2019.
Armenia licenses forex and CFD brokerage as investment services under the Law on the Securities Market (No. HO-195-N of 2007, in force since 29 February 2008) and the CBA's Board regulations. No separate forex licence exists. CBA Regulation 4/07 defines a forex transaction as an OTC derivative whose price depends on an exchange rate and which is concluded with leverage; CFDs on other underlyings fall under its wider term, transactions with leverage. Point 76 has banned services tied to either for non-professional clients since 18 January 2019. Decision 212-N, which inserted the ban, names its aim: restricting non-professional investors' access to this market. Banks, investment firms, insurers, funds and companies passing two of three size tests are professional per se. Anyone else needs two of three: 10 or more trades a quarter averaging AMD 1 million over the last four quarters, a portfolio above AMD 100 million, two years of relevant work in the financial market.
Regulation 4/02 sets capital by model and raises it once leverage is involved. A firm that receives and executes orders without holding client money needs AMD 60 million of total capital, one that holds client money AMD 150 million, and an own-account dealer AMD 1 billion, against AMD 300 million for ordinary own-account dealing. Each professional client then posts at least AMD 5,000,000 of margin if resident and AMD 2,500,000 if not, trades at up to 1:300 or 1:400 respectively, and cannot lose more than that margin. The clock is short. Under Art. 37(3) of the Securities Market Law the CBA registers the company and grants the licence, or refuses, within one month of the application; the annual state duty is AMD 500,000. CBA Board Decision 23-N of 30 January 2026, in force since 12 August 2026, left the ban, the caps and the margin floors as they were and added a chapter on sanctions-circumvention risk.
A CBA licence for an investment company under the Law on the Securities Market. Since 18 January 2019 forex and CFD services reach professional clients only, with leverage caps of 1:300 and 1:400.
Capital runs from AMD 60 million to AMD 1 billion by model, each client posts AMD 5,000,000 or AMD 2,500,000 of margin, and the CBA decides within one month. Profit tax is 18%.
The two builds
AMD 1 billion to deal on own account, AMD 60-150 million to pass orders on.
The CBA issues one licence per investment service, and Regulation 4/02 sets a higher capital tier for each once it covers forex or other transactions with leverage. Both builds serve professional clients only. What separates them is whether the firm takes the other side of its clients' trades.
AMD 1 billion to deal on own account; AMD 60-150 million to pass orders on.
01 - OWN-ACCOUNT DEALER
The dealer for professional clients
An investment company licensed to deal at its own expense and on its own behalf (Art. 25(1)(4)) can be the counterparty to its professional clients' forex and CFD trades. Regulation 4/02 sets AMD 1 billion of total capital for that, against AMD 300 million for ordinary dealing, and the N1 ratio of total capital to risk-weighted assets must stay at 12% or above.
An investment company licensed to deal at its own expense and on its own behalf (Art. 25(1)(4)) can be the counterparty to its professional clients' forex and CFD trades. Regulation 4/02 sets AMD 1 billion of total capital for that, against AMD 300 million for ordinary dealing, and the N1 ratio of total capital to risk-weighted assets must stay at 12% or above.
- ✓Dealing on own account - Art. 25(1)(4)
- ✓AMD 1 billion total capital
- ✓N1 capital ratio of 12% or more
- ✓1:300 resident · 1:400 non-resident
- ✓Client loss capped at the margin posted
- ✓Professional clients only - point 76
02 - ORDER EXECUTION
AMD 60-150 millionPassing orders to a partner
A firm that receives, transmits or executes orders and books them with a partner needs AMD 60 million of total capital if it never holds client money and AMD 150 million if it does (Regulation 4/02 point 5). The partner must pass two of the three tests in point 83. Neither build may take retail clients, so a retail book for clients outside Armenia needs a licence elsewhere, in Kazakhstan's AIFC or in Cyprus; a foreign licence does not open Armenia itself (Art. 49).
Orders passed to a partner: AMD 60 million without client money, AMD 150 million with it. Retail clients abroad need a licence elsewhere.
- ✓Order reception and execution - Art. 25(1)
- ✓AMD 60 million without client money
- ✓AMD 150 million holding client money
- ✓Partner: two of three tests, point 83
- ✓Platform access is a licensed service
- ✓Retail abroad: AIFC or Cyprus licence
Costs and timelines are confirmed for your case before any work begins. The CBA's licensing guide fixes the annual state duty at AMD 500,000; any one-off duty at filing is confirmed in the quote.
Why Armenia
A one-month CBA decision and rules written for professional clients.
Armenia gives a broker for professional clients leverage up to 1:400 and a short statutory clock, and asks for capital and a client base to match.
✓
Company and licence in one decision
The CBA registers an investment company itself, and the company becomes a legal person on that registration (Securities Market Law Art. 37(5)). Registration and licence come in one decision, due within one month of the application; adding a service later takes 20 days (Art. 37(3)).CBA registers and licenses within a month.
✓
Leverage up to 1:400
Professional clients trade at up to 1:300 if resident and 1:400 if not (Regulation 4/07 points 78-79). Losses stop at the margin the client posted (point 82). The contract states the maximum leverage, how it may change, how losses are compensated and how margin is transferred (point 38(8.1)).Losses capped at the margin posted.
✓
Built for non-resident professionals
A non-resident professional client needs at least AMD 2,500,000 of margin, half the AMD 5,000,000 asked of a resident (points 80-81), and gets the higher 1:400 cap. Residency is established before anything else (point 77).AMD 2,500,000 margin, 1:400 cap.
✓
Client assets kept apart
The Securities Market Law requires separate records for each client and for own and client funds (Art. 67(1)). Client cash and securities cannot be seized for the firm's debts and go back to the clients if it goes bankrupt (Art. 67(6)).Safe from the firm's creditors.
✓
Four licences granted in 2026
On 23 October 2026 the CBA's list of licensed investment companies counted 27 firms, four of them licensed in 2026: two on 1 July, one on 28 July and one on 11 August. The list does not show which of them offer forex or other leveraged products.27 investment companies listed on 23 October 2026.
✓
Warning: education counts as advice
Courses, seminars, analyses and information on forex trading and online platforms are investment advice under point 1(13)(c) of Regulation 4/07, unless an accredited higher-education institution gives them. Giving clients platform access counts as order reception or execution (point 14.6(1)), so the usual affiliate and education funnel needs a licence.Forex education counts as investment advice.
How it compares
How Armenia differs from other routes.
Armenia shuts out retail clients. Kazakhstan's AIFC lets them trade CFDs on its COB 5.7 terms, and Cyprus applies the 30:1 to 2:1 retail scale. The capital story differs too: the AFSA asks USD 500,000 of base capital to deal as principal and Cyprus €750,000 to deal on own account, while Georgia's NBG asks GEL 500,000 of a broker that trades currency or derivatives and decides within 45 working days.
Armenia vs other jurisdictions
| Feature |  Armenia | Other jurisdictions |
|---|---|---|
| Retail clients | Banned since 18 January 2019 | Allowed · AIFC on COB 5.7 terms · Cyprus 30:1 to 2:1 |
| Dealer's capital | AMD 1 billion · Regulation 4/02 | USD 500,000 AIFC · €750,000 Cyprus · GEL 500,000 Georgia |
| Decision clock | One month · Art. 37(3) | 45 working days Georgia · AFSA average 2-3 months |
| Profit tax | 18% | 15% Cyprus (2026) · 0% retained, 15% distributed Georgia · AIFC exempt to 2066 |
Retail clients
ArmeniaBanned since 18 January 2019
Other jurisdictionsAllowed · AIFC on COB 5.7 terms · Cyprus 30:1 to 2:1
Dealer's capital
ArmeniaAMD 1 billion · Regulation 4/02
Other jurisdictionsUSD 500,000 AIFC · €750,000 Cyprus · GEL 500,000 Georgia
Decision clock
ArmeniaOne month · Art. 37(3)
Other jurisdictions45 working days Georgia · AFSA average 2-3 months
Profit tax
Armenia18%
Other jurisdictions15% Cyprus (2026) · 0% retained, 15% distributed Georgia · AIFC exempt to 2066
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Armenia | CBA investment company | 18% profit tax | AMD 60M-1bn, professional clients only |
 Georgia | NBG brokerage company | 0% · 15% distributed | GEL 500k capital · 45 working days |
 Kazakhstan · AIFC | AFSA licence · Dealing as Principal | CIT exempt to 2066, VAT exempt · substance | USD 500k base capital, USD 14,000 fee |
 Cyprus | CySEC CIF | 15% CIT (2026) | IFD tiers, EU passport |
ArmeniaLicense typeCBA investment company
Taxation18% profit tax
RequirementsAMD 60M-1bn, professional clients only
GeorgiaLicense typeNBG brokerage company
Taxation0% · 15% distributed
RequirementsGEL 500k capital · 45 working days
Kazakhstan · AIFCLicense typeAFSA licence · Dealing as Principal
TaxationCIT exempt to 2066, VAT exempt · substance
RequirementsUSD 500k base capital, USD 14,000 fee
CyprusLicense typeCySEC CIF
Taxation15% CIT (2026)
RequirementsIFD tiers, EU passport
Rest of Europe
Forex licences in neighbouring jurisdictions
All 79 forex licence jurisdictions →
How to start a forex brokerage: license, capital and steps →
Before you apply
Forex license requirements in Armenia: what the CBA checks.Armenia forex license requirements.
Art. 36(1) of the Securities Market Law lists the documents, and Regulations 4/02 and 4/07 add the capital and the client rules. For a broker serving professional clients the file comes down to ten points.
01
Legal form - a joint-stock or limited liability company that carries on no other business unless the CBA permits a closely related one (Securities Market Law Art. 28), or a CBA-registered branch of a foreign investment company (Art. 43).
02
Scope - one licence per investment service under Art. 25(1), with an additional licence for each service added later (Art. 34); forex and other transactions with leverage raise the capital tier rather than needing a licence of their own.
03
Capital - AMD 60 million, AMD 150 million or AMD 1 billion of total capital by model (Regulation 4/02 point 5), fully paid before licensing and credited to an account at the CBA or a non-affiliated bank operating in Armenia; combined services take the strictest tier (point 8).
04
Capital adequacy - an N1 ratio of total capital to risk-weighted assets of at least 12%, met on the monthly average of daily figures (points 9 and 11); a norm that falls 10% or more below its level can cost the licence (point 20); a firm that only advises or transmits orders without client money does not calculate N1 (point 10).
05
Owners - prior CBA Board consent for a qualifying holding of 10% or more and for crossing 20%, 50% and 75%, with proof of the legitimate source of funds; persons from CBA-listed offshore territories need consent for a holding of any size (Art. 54).
06
Executive officers - board members, the executive body, the chief accountant, internal audit and the heads of subdivisions, each with a CBA professional qualification (Arts. 50 and 58, Regulation 4/05); residence rules are confirmed per case.
07
Staff and audit - at least one qualified employee for order reception or execution and one for dealing, the only two roles one person may combine (Art. 52), plus an internal audit unit or contracted auditors who report violations to the CBA within 5 working days (Art. 60).
08
Application file - a three-year business plan (Art. 40), draft rules of activities, the charter in six copies, staff and premises statements and the state duty receipt (Art. 36(1)), filed electronically, by registered mail or on paper as the CBA's licensing guide allows.
09
Client onboarding - residency established first (point 77), a signed professional-client assessment (point 14.2) reported to the CBA within one working day, and a risk notice with a signed risk-awareness statement in the form of Annex 1 before trading (point 14.6).
10
AML and sanctions - beneficial owners reported to the CBA under the AML law (Art. 61.1) and, since 12 August 2026, a sanctions-circumvention programme under Chapter 25 of Regulation 4/07: a responsible person who is a CBA-registered manager, a yearly risk assessment and screening before each transaction.
01
JSC, LLC or foreign branch.
02
One licence per service.
03
AMD 60M, 150M or 1bn paid in.
04
N1 ratio of at least 12% where it applies.
05
Owners from 10% need CBA consent.
06
Officers with CBA qualification.
07
Qualified staff, internal audit.
08
Three-year plan, rules, charter.
09
Professional status signed, reported.
10
AML and Chapter 25 sanctions controls.
Reflects the Securities Market Law (HO-195-N), CBA Regulation 4/02 with Decision 210-N and Regulation 4/07 with Decisions 212-N and 23-N, as of October 2026.Securities Market Law and CBA Regulations 4/02 and 4/07, as of October 2026.
Verify it yourself
Official sources
Regulator pages, legal texts and public registers the figures on this page are based on.
- LawLaw of the Republic of Armenia "On Securities Market" (HO-195-N) - ARLIS official English translationarlis.am
- RegulatorCBA Board Decision No. 212-N of 10.12.2018 (Regulation 4/07, Chapter 16 on forex and leveraged trading) - ARLISarlis.am
- RegulatorCBA Regulation 4/02 (minimum capital and economic norms of investment companies) - ARLISarlis.am
- GuidanceCentral Bank of Armenia - Guide to Licensing Investment Companiescba.am
- RegisterCentral Bank of Armenia - Investment companies (licensed list)cba.am
How it works
From the client test to the CBA's one-month decision.
01
Clients and model
Who qualifies as a professional client, dealer or order execution, and the capital tier of Regulation 4/02 that follows from the choice.Professional base, route, capital tier.
02
Capital and documents
Capital paid in and credited before licensing, the charter in six copies, the three-year business plan and the draft rules of activities.Capital credited, plan and rules.
03
People
Executive officers qualified by the CBA under Regulation 4/05, qualified staff hired, and the internal audit arrangement in place.Officers qualified under Regulation 4/05.
04
Filing and decision
The CBA decides on registration and licence within one month. Consent for a qualifying holding filed with the application is decided jointly (Art. 54(8)), and changed data restart the clock.The CBA decides within one month.
05
Licence and launch
Client onboarding, the partner agreement and the first services follow the licence. Twelve consecutive months without services lead to revocation (Art. 42(2)(1)).Services within 12 months, or revocation.
Quick facts
RegulatorCBA, Yerevan
Retail clientsBanned · Regulation 4/07 point 76
Own-account dealingAMD 1 billion
Order executionAMD 60M · AMD 150M with client money
Minimum margin per clientAMD 5M resident · AMD 2.5M non-resident
Annual state dutyAMD 500,000
Statutory decisionOne month · Art. 37(3)
Plan for4-6 months end to end
The one-month clock runs from the application, and if filed data change during the review, the application counts as submitted when the amended data arrive (Art. 36(4)). We plan for 4-6 months from the first draft to the licence.
On the ground in Armenia
Run from our Yerevan office.
Prifinance - Armenia
Yerevan · Armenia
Yerevan, Armenia
01
The client test first
Before drafting, we run the target clients through point 14 and the elective test of point 14.1. A model that depends on retail clients stops at this step.Points 14 and 14.1 checked first.
02
Company, capital and plan
The JSC or LLC charter, capital credited at the tier the model needs, and the three-year business plan with the rules of activities the CBA reads alongside it.Charter, capital, three-year plan.
03
Qualified people
Executive officers holding CBA qualification certificates, the employees Art. 52 asks for, and an internal audit unit or contracted auditors.Certified officers, staff, audit.
04
Partner and sanctions file
The liquidity provider tested against point 83, the Annex 1 risk-awareness statement, and the Chapter 25 sanctions-circumvention procedures in force since 12 August 2026, with clients re-screened within one working day of any change in the lists.Point 83 test, Chapter 25 procedures.
We also have offices in
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
Dubai
UAE
33 Level, Al Saqr Business Tower
London
United Kingdom
7 Bell Yard
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Good to know
Taxation of forex brokers in Armenia.
An Armenian investment company pays profit tax at 18%, the rate the State Revenue Committee (SRC) lists for organisations. The standard VAT rate is 20%.
Profit tax 18%
The SRC gives 18% as the profit tax rate for organisations under the Tax Code of the Republic of Armenia (HO-165-N). A CBA-licensed investment company is an Armenian organisation and pays it on its taxable profit.SRC rate for organisations.
VAT at 20%
Armenia's standard VAT rate is 20%, per the SRC. Which of a broker's income lines it reaches is part of the tax model we build per structure.Standard rate, per the SRC.
Salaries taxed at 20%
The SRC puts income tax on salaries at 20%, and it goes into the cost of the qualified staff that Art. 52 of the Securities Market Law requires for each investment service.Prices the qualified staff.
State duty of AMD 500,000
Licensed activity carries an annual state duty of AMD 500,000 under the CBA's guide, and the duty for the licence itself is charged under the Law on State Duty (Securities Market Law Art. 39).Every year of licensed activity.
Branch or subsidiary
A foreign broker serves Armenia only through a subsidiary or a branch (Art. 49). Which of the two suits the group's tax position is modelled per structure before the CBA file is drafted.Tax position modelled per structure.
Pillar Two
Global minimum-tax top-ups reach only groups with EUR 750 million or more of revenue. For a group of that size we confirm the Armenian position per structure.Groups from EUR 750 million.
Tax summary
Profit tax18% · SRC
VAT20% standard rate
Income tax on salaries20%
Annual state dutyAMD 500,000
Pillar TwoGroups from EUR 750 million
*As of 2026 per the Tax Code of the Republic of Armenia (HO-165-N), the State Revenue Committee and the CBA's licensing guide. Group and founder-level outcomes are modelled per structure.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Armenian investment company, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, licensed broker.
Follow Prifinance
Active across our channels.
Armenia · CBA
Get your forex license in Armenia with expert support.
Full-service assistance - from the professional-client test and the capital plan to the qualified officers, the CBA application and the sanctions-circumvention procedures - run through our Yerevan office.
Get a consultation →Free legal opinion
Is Armenia the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
What founders ask about the CBA, leverage caps and professional clients.
Can a forex broker in Armenia serve retail clients?+
No. Since 18 January 2019 point 76 of CBA Regulation 4/07 has prohibited investment and non-basic services related to forex and other transactions with leverage for non-professional clients. Every client must be professional per se or pass the elective test of point 14.1.
Who counts as a professional client in Armenia?+
Banks, investment firms, insurers, funds, states and companies with two of three size markers (assets above AMD 500 million, turnover above AMD 1 billion, capital of AMD 50 million) qualify per se. Others need two of three: 10 trades a quarter averaging AMD 1 million over the last year, a portfolio above AMD 100 million, two years of relevant work.
What leverage can an Armenian broker offer?+
Up to 1:300 for a resident professional client and 1:400 for a non-resident (Regulation 4/07 points 78-79). The client first posts at least AMD 5,000,000 or AMD 2,500,000 of margin respectively, and the broker must keep the client's loss within that margin (point 82).
How long does a forex license in Armenia take?+
The CBA's decision on registration and licence is due within one month of the application under Art. 37(3) of the Securities Market Law, and an added service takes 20 days. Changed data restart the clock. With capital, qualified officers and documents prepared first, we plan for 4-6 months end to end.
What does a forex license in Armenia cost?+
Only a licence for professional clients is on offer, and its cost starts with capital: AMD 60 million, AMD 150 million or AMD 1 billion by model under Regulation 4/02. The annual state duty is AMD 500,000. Any one-off duty at filing and our fees are confirmed in the quote.
Can a foreign broker serve clients in Armenia?+
Only through an Armenian subsidiary or branch: Art. 49 of the Securities Market Law allows foreign investment services in Armenia exclusively that way. The CBA decides on registering a branch within 30 days (Art. 43(8)), on a file with the home licence and three years of audited IFRS accounts. There is no passport.
Does forex education need a licence in Armenia?+
Yes. Point 1(13)(c) of Regulation 4/07 treats education, courses, analyses and information on forex trading and on online platforms as investment advice, unless an accredited higher-education institution provides them. An education funnel aimed at clients in Armenia is licensed business.
Which liquidity providers can an Armenian broker use?+
A partner whose platform clients use, or with whom their trades are concluded, must meet two of three tests in point 83: a regulator in IOSCO Appendix A, at least 10 years of operating history, or a rating of at least Baa1/P-2 (Moody's), BBB+/A-2 (S&P) or BBB+/F2 (Fitch).
Armenia or Georgia for a regional broker?+
Georgia, if tax on retained profit weighs most: 0% until distribution, then 15%, with GEL 500,000 of minimum capital for a broker trading currency or derivatives and an NBG decision within 45 working days. Armenia asks AMD 1 billion of a dealer and serves professionals only, but writes leverage up to 1:400 into its rules.
Why Prifinance for Armenia?+
We test your client base against the professional-client rules before anything is filed, then build the investment company, the capital plan, the qualified officers and the CBA application. The work runs through our Yerevan office, and a retail book for clients outside Armenia goes to a licence elsewhere.
Retail clients?+
Banned since 18 January 2019.
Who is professional?+
Per se, or two of three tests.
Leverage?+
1:300 resident, 1:400 non-resident.
How long?+
One month at the CBA; 4-6 months planned.
Cost?+
AMD 60M-1bn capital; AMD 500,000 duty a year.
Foreign brokers?+
Subsidiary or branch only.
Education?+
Counts as investment advice.
Liquidity providers?+
Two of three tests, point 83.
Or Georgia?+
0% on retained profit there; 1:400 here.
Why you?+
Yerevan office, client test first.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
“We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.”
Google
“I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license…”
Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
Start today
One message away from your Armenia forex licence.
Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: whether your clients qualify as professionals in Armenia, which capital tier you need, and what it will cost.
✓Written legal opinion within 2-5 business days - free of charge✓A clear recommendation on the right licence scope, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU · ES speaking team
Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Central Bank of Armenia (CBA) or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.