THE ANALYSIS OF OFFSHORE JURISDICTION`S ROLE IN ARMENIAN ECONOMY
The purpose of this article is to analyze the impact offshore jurisdictions have on the economy of Armenia. The dynamics and structure of foreign investments reflect the limitations their positive impacts have on real economy's, increasing employment, & support of the econ-omy for a long period of time. Analysis of the sources of income from foreign investments in Armenia revealed that major investors are representatives of offshore jurisdictions, and the main sectors attracting investments are sectors with the largest share of value added, in particu-lar - the mining and production of metals. Conclusions of the article are that the main investors in the Armenian economy are economic entities of the country. Through the use of offshore schemes, they deduce capital abroad, thereby narrowing the state budget, and, give it privacy, after which it's recycled back into the business as an investment for further profit, which does not allow an economy to reach their full potential.