YEREVAN, December 11. /ARKA/. Movchan's Group has registered a family of funds in Armenia – the Aragats platform, on which its strategies ARGO, GEIST, LAIF are being implemented with minor limitations.

Movchan's Group founding partner Andrey Movchan told Movchan's Group senior partner Rafael Nagapetyants that Armenia has built a family of investment funds - companies with several independent cells, each of which is a sub-company with variable capital.

"This is convenient for accepting clients' money: new money comes in, you issue new shares, receive money, give new shares under this capital, the client wants to take the money - you redeem the shares, gave him the money. [...] This happens automatically, based on the company's documents. There is a huge number of jurisdictions in the world that do this - Caymans, Jersey, Luxembourg. Armenia does it too," he said.

Speaking about why Armenia is quite suitable as one of the jurisdictions where it is possible to create a fund family, Movchan listed several factors, in particular,  the legislation in Armenia, unlike many countries in the world, is similar to the legislation of developed jurisdictions; also, the Armenian regulator understands this structure well, it is transparent, reliable and easy to communicate with.

"Taxation is transparent for these funds; they are not taxed, the registration system is completely separate from the management system, the investment system, which protects clients well," he said.

In addition, he said, Armenia is not an unfriendly jurisdiction for Russia, and this is very important for investors because they realize that they are not violating any regulations related to unfriendly countries.

"Armenia is a country that is not in any "gray lists", it is not marked with any "crosses" neither by the Americans, nor by the Europeans, nor by FATF, and in this sense it looks favorably in relation even, for example, to the Emirates. Money from Armenia goes quietly and well, if there are no problems with a particular client," he added. -0-