Corporate
Leasing
Evoca Leasing

Evoca Leasing

Lease assets may be acquired in primary and secondary markets both in Armenia and abroad.

Leased assets may include:

Manufacturing equipment/production lines,
Medical equipment,
Construction equipment,
Solar heating systems and water heaters,
Cars.

Lease benefits:

It is a product that requires no collateral,
No notary/Cadastre fees and charges,
Opportunity for mutual settlement of VAT, costs and expenses,

Leased asset may be acquired abroad without the client’s participation in the acquisition process,

Expert appraisal and advice on the lease project.

Terms, Conditions and Fees

Currency	AMD, USD, Euro
Lessees	RA resident and non-resident legal entities and sole proprietors
Options for acquiring lease assets	Lease assets may be purchased in primary and secondary markets both in RA and abroad.
Lease limits	AMD 5,000,001-AMD 1,000,000,000 or foreign currency equivalent
Down payment	10% at а minimum
Repayment period	6-72 months, depending upon the lease asset
Repayment method	Annuity scheme Flexible scheme Based on the contract
Annual interest rate	AMD: starts at 10.5% USD: starts at 8% Euro: starts at 6%
Penalty charged for late payments on the lease	For past due principal amount - 0.015% per day, For past due interest amount - 0.1% per day.
Penalty for early payments on the lease	If prior to the end of the first half of the contract period, the lessee prepays the monthly fee, then a penalty should be paid at 5% of the excess principal amount. In individual cases, the penalty amount may be changed based on the decision of the competent bank body.
Security	Surety bonds, as appropriate Property collateral/property right, as appropriate In individual cases of high-risk deals, other security may be required as well.
Charged fees	A one-time fee for lease application review – AMD 20,000; A lump-sum fee of 0.4%-1% of the lease amount, but not more than AMD 500.000.
Ownership right transfer fee, as per contract, irrespective of the number of assets	AMD 10,000
Lease modification	AMD 15,000
Consent to sub-lease	AMD 50,000
Annual insurance of leased assets	Throughout the lease term, based on the residual value.

The final terms and conditions of the lease, in particular, the maturity date and interest rate will depend upon the leased asset, supplier, business characteristics and other risks.

Terms and conditions of the Lease under the RA Government’s Economic Modernization Program

Beneficiaries:

Commercial and non-profit entities commercial organizations and sole proprietors registered and operating in Armenia.

Purpose:

Purchase or import of brand-new (unused) equipment and devices to be used in Armenia.

Target sectors:

• Processing industry
• Mining and operation of open-pit mines
• Information and communication
• Construction
• Transportation and warehousing
• Professional scientific and technical activities
• Education
• Health and social services
• Provision of electricity, gas, steam and high-quality air
• Car maintenance and repair
• Accommodations (except those operating in Yerevan administrative region)
• Organization of creative, artistic and presentation activities.

Time-frame

Type	Subsidized time-period	Lease period
Equipment, devices, accessories	Up to 42 months	Up to 120 months

The supply stage will be subsidized for a period of up to 180 days starting the effectiveness of the lease agreement, while during the period exceeding the mentioned 180 days, the interest payment will be the responsibility of the lessee.

Subsidy terms and conditions

AMD - 10%
Foreign currency – 8%
Principal grace period – up to 6 months,
Maximum amount – AMD 1 billion or a foreign currency equivalent (if the economic entity has made an investment of AMD 200 million or more in its charter capital during the 12 months proceeding the lease application, the maximum amount will be set to equal the five-fold investment in the charter capital, but not more than AMD 10 billion, while if the lease is in foreign currency, an amount equivalent to AMD 5 billion. This preferential treatment does not apply to suppliers of construction, gas, steam and air conditioning.
No fees for lease provision/service, penalty for early payment and/or fines will be charged.

The deadline for the measure is December 31, 2025.