1. What is the applicable legislation? Armenia’s legal framework for foreign investment comprises several laws and international agreements, primarily aimed at protection and promotion rather than screening. These include the Constitution of the Republic of Armenia 2015, the Law of the Republic of Armenia on Foreign Investments 1994 (Law on Foreign Investments 1994) and the Law of the Republic of Armenia on Free Economic Zones 2011. In addition, Armenia has signed bilateral treaties on reciprocal promotion and protection of investments with 44 countries. NOTE—Armenia does not have a general foreign direct investment (FDI) screening or mandatory notification regime. Foreign investors can generally invest without prior government approval, except in regulated sectors (such as banking, telecom and energy) governed by separate laws. List of signed bilateral treaties on reciprocal promotion and protection of investments NO. SHORT TITLE STATUS PARTIES DATE OF SIGNATURE DATE OF ENTRY INTO FORCE 1 Armenia - Korea, Republic of BIT (2018) In force Korea, Republic of 19/10/2018 03/10/2019 2 Armenia - Japan BIT (2018) In force Japan 14/02/2018 15/05/2019 3 Armenia