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LAW OF THE REPUBLIC OF ARMENIA

of November 21, 2001 No. ZR-250

About Chambers of Commerce and Industry

(as amended on 21-05-2023)

Accepted on October 24, 2001

Chapter 1. General provisions

Article 1. Subject of regulation of the Law

1. This Law "Chamber of Commerce and Industry", general legal basis of creation of Chambers of Commerce and Industry establishes in the Republic of Armenia form of business and governs the relations connected with their activities.

2. The name of Chamber of Commerce and Industry is constituted from its toponym and the phrase "Chamber of Commerce and Industry".

Article 2. Concept of chamber

1. Regional (including - the city of Yerevan) Chamber of Commerce and Industry is the non-profit organization (further - Chamber of Commerce and Industry) created in the procedure established by this Law and on the basis of voluntary membership by the legal entities and individual entrepreneurs registered in the territory of the area.

2. Chamber of Commerce and Industry unite in the procedure established by this Law and create the Chamber of Commerce and Industry of the Republic of Armenia (further - Chamber of Commerce and Industry of RA) representing their common interests.

3. System of Chambers of Commerce and Industry (further - the chamber (chambers) includes Chamber of Commerce and Industry of RA and Chamber of Commerce and Industry, and also created by chambers of legal entities.

4. Any other organization has no right to use phrases "Chamber of Trade", "Industrial Chamber", "Chamber of Commerce and Industry", "Chamber of Commerce and Industry" or "Chamber of Commerce and Industry of RA" in the name or to receive state registration with this name.

5. The Chamber of Commerce and Industry of RA can have honorary members which status is established by the charter of Chamber of Commerce and Industry of RA. Honorary members of Chamber of Commerce and Industry of RA can participate in the procedure of decision making of Chamber of Commerce and Industry of RA only by the right of advisory voice.

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