The necessary conditions exist to start your own business in Armenia, businessman Shant Khnkikyan – member of the Board of the Union of SyrainArmenians organization, told a press conference in “Armenpress”. He said it is easy to establish a business in Armenia.

“The problem is in maintaining that business. Armenia’s market is small, thus, the founder of the new business cannot have great profits from the very start. This was different in Syria, the manufacturer there does not need to think about the external market, there was a big turnover. In case of Armenia a person staring a new business needs time in order to be able to find markets, and during this period it would be desirable that there are favorable conditions in terms of taxes”, he said.

Shant is the head of “Khnkikyan Electronics” which is engaged in electronics production. The Khnkikyan family transformed their business from Syria to Armenia in 2012. They export products to the Arab states. “There are dif�culties, however, it is not so that here it is impossible to start a business. We just expect that the conditions will be improved to some extent which will contribute to the production development in our country”, he said.

The members of the Union of Syria-Armenians have already met with the Prime Minister, presented their views on customs and tax policy. In particular, they proposed to apply another customs value for the raw material imported from other states to Armenia for production. Practical steps are expected in terms of proposals.

“Armenia needs to address a right message to the Diaspora-Armenians. Many hear that it is impossible to do anything in Armenia and make decisions under such rumors. We try to show with our example so that people come here to work”, he stated.