Smoother path to legal status in the EU and Canada
Eligibility for a long-term Schengen visa
The option to keep your current citizenship (subject to your home country’s laws)
A strong and growing tech ecosystem, with offices of major regional and international companies
Convenient direct flights to 30+ destinations, including Europe
One of the lowest crime rates in the region
Business-friendly tax rules and benefits for small and medium businesses
- - - Armenian passport gives you the right to work freely, access free education, medical care and social benefits, as well as run a business and purchase property anywhere in the country.
ARMENIA FOR ENTREPRENEURS
Access to international markets (Armenia is a member of the EAEU and has close trade ties with the EU)
Corporate income tax - 18%; for qualifying IT companies, the rate can be 0% for up to the first 5 years
A growing economy (GDP growth above 5% in each of the last 3 years)
Low cost of living - an estimated budget for a couple is around $1,400 per month
Inflation over the last 2 years did not exceed 2%
APPLICATION PROCESS
Preliminary document check
Signing the service agreement
Trip to Armenia for 3 business days to arrange permanent registration, obtain a social security card, sign an employment contract, and issue a power of attorney for the residence permit process
Submitting the residence permit application (approval - up to 3 months)
Submitting the citizenship application (processing time - 90 days)
Receiving the residence permit card in Armenia, or by courier if agreed with FINION Group experts
Returning for in-person passport collection and biometric enrollment in Armenia
PROCESSING TIME: 12 months
COST Applicant: €25,000 (100% upfront payment) Children under 18: €8,000