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Armenia
Europe
Lucky Nomads World Index
68.94 / 100
Global rank
#68
Corporate tax
18%
Personal tax
20%
Lucky Nomads Proprietary Indices
22 scoring dimensions scored independently using a deterministic methodology built on primary sources and structured analytical inference.
- SafetyShield Index7.5 / 10
- Affordability Index7.7 / 10
- Entry Ease Index7.7 / 10
- Tax Freedom Index7.1 / 10
- WiFi Index7.6 / 10
- Admin Ease Index6.5 / 10
- Healthcare Index7.9 / 10
- City Comfort Index7.3 / 10
- WeatherComfort Index6.0 / 10
- Banking Index6.8 / 10
- GeoStability Index4.8 / 10
- Justice & Order Index6.0 / 10
- Quality of Life Index7.4 / 10
- Open Society Index5.5 / 10
- Flight Index3.6 / 10
- Environmental Quality Index6.6 / 10
- English Index5.4 / 10
- Wealth Protection Index7.8 / 10
- AI Access Index5.8 / 10
- Economic Openness Index7.4 / 10
- Market Depth Index5.3 / 10
- ClimateShield Index7.6 / 10
Country snapshot
- Capital
- Yerevan
- Population (approx.)
- 2,970,000
- Area (km²)
- 29,743 km²
- Currency code (ISO 4217)
- AMD
- Currency name
- Armenian dram
- Main airport IATA code
- EVN
- Airport name
- Zvartnots International Airport
General facts
- Minimum monthly cost
- From $1,116/month
- Main languages
- Armenian
- Jurisdiction type
- Country
- Region
- Europe
- Web TLD
- .am
- Phone calling code
- +374
Web TLD and phone codes are general references and can differ for territories or special numbering plans.
Tax system
- Marginal CIT (corporate income tax)
- 18%ModerateWorldwide
- Marginal PIT (personal income tax)
- 20%ModerateWorldwide
Corporate taxation basis: Worldwide. The country generally taxes worldwide income of resident companies.
Worldwide basis under the Tax Code of 2018. Foreign-source income of resident companies is taxable at 18% with no general foreign permanent establishment exemption. Foreign tax credits available under the network of 51 double tax treaties (Hong Kong effective April 2025, Japan ratified 2025). Distributed profits taxed identically to retained earnings (no Estonian-style distribution-based mechanism).
Flat 18% corporate income tax on worldwide profits of resident companies, 20% on Armenian-source income for non-residents without a permanent establishment. Sectoral and free zone regimes carve out specific exemptions: Free Economic Zones at 0% on qualifying activities, 1% IT turnover regime up to , agricultural production exempt until 31/12/2026, microbusiness 0% up to .
Personal income tax basis. Worldwide. Resident individuals are generally taxable on their worldwide income, subject to relief under applicable tax treaties.
Worldwide basis since the Tax Code of 2018. Foreign-source income of resident individuals taxable at 20%, with foreign tax credits available under 51 DTTs. The 1% IT turnover regime via Private Entrepreneur registration is the de facto preferential structure for self-employed IT freelancers and digital nomads. Mandatory health insurance contribution effective 1 January 2026.
Flat 20% personal income tax on worldwide income of tax residents, with several preferential rates by income type: 5% on dividends (final withholding), 10% on rental and royalty income, 0% on capital gains from securities and from property sold to individuals. Tax residency triggered by 183 days physical presence in any 12-month period or center of vital interests in Armenia.
Tax percentages here are editorial reference figures for comparison, not individualized tax advice.
Special tax regimes
For companies
Free Economic Zones (FEZ)
AvailableTax-free corporate regime for entities operating physically inside one of Armenia four active Free Economic Zones: Alliance FEZ (electronics,…
High-Tech IT Sector 1% Turnover Tax
AvailableConcessional 1% turnover tax for Armenian companies and individual entrepreneurs (PE) engaged in government-defined high-tech and information…
General Turnover Tax Regime
AvailableSimplified turnover tax replacing both corporate income tax (18% CIT) and value added tax (20% VAT) for Armenian SMEs and Private Entrepreneurs (PE)…
Microbusiness Regime (0% Tax)
AvailableFull corporate income tax (CIT) and VAT exemption regime for micro-entrepreneurs (Armenian LLC or Private Entrepreneur) with annual turnover up to…
Government-Approved Business Plan Salary Deduction
AvailableCorporate income tax credit for Armenian resident companies implementing a Government-approved business plan.
For individuals
General Turnover Tax Regime
AvailableSimplified turnover tax replacing both corporate income tax (18% CIT) and value added tax (20% VAT) for Armenian SMEs and Private Entrepreneurs (PE)…
Microbusiness Regime (0% Tax)
AvailableFull corporate income tax (CIT) and VAT exemption regime for micro-entrepreneurs (Armenian LLC or Private Entrepreneur) with annual turnover up to…
Foreign IT Specialist 60% PIT Reimbursement
AvailablePersonal income tax reimbursement of 60% on salaries paid to foreign IT specialists hired in Armenia for the first time between 1 January 2025 and…
You either qualify for Armenia's special tax regimes, or you don't. GeoCompass determines your eligibility, highlights the applicable conditions, and helps estimate your potential tax exposure.
Check my eligibilityVisa and mobility
Your access
Visa need and length of stay for Armenia. Saved on your device.
Overview
- Citizenship by investment
Not currently available
- Residence by investment
Not currently available
- Remote work visa (digital nomad visa)
Not currently available
Programmes
Armenia lists several residency and mobility routes across business founder routes, work (employer sponsored), family and dependant routes, and student and graduate routes. Lucky Nomads tracks these programmes as editorial reference points. Thresholds, documents, and personal eligibility are evaluated in GeoCompass against your exact profile.
6 programmes listed · 6 are marked available in our editorial review
Business founder routes
1 programmeFounder, entrepreneur, or company-linked pathways for people building a business locally.
- Available
Temporary Residence Permit (Business Activity)
Work (employer sponsored)
1 programmeEmployer-linked permits and skilled employment passes for hired professionals.
- Available
Temporary Residence Permit (Work-Based)
Family and dependant routes
3 programmesSpouse, dependant, and family reunion style permits.
- Available
Permanent Residence Card
- Available, reform scheduled
Special Residence Status (Special Passport)
- Available
Temporary Residence Permit (Family Reunification)
Student and graduate routes
1 programmeStudy-linked permits and post-study transition routes.
- Available
Temporary Residence Permit (Education)
Not all residency routes are accessible. Some require minimum income, investment thresholds, local substance, or strict eligibility conditions. GeoCompass evaluates which options you can actually secure in Armenia.
Evaluate my residency optionsVisa and programme labels reflect editorial research, not individualized legal advice. Thresholds, documents, and personal eligibility are evaluated in GeoCompass. Always confirm rules with official government sources before you plan a move.
Dimensions breakdown
Strongest dimensions
- Healthcare Index7.9 / 10Solid healthcare access and quality
- Wealth Protection Index7.8 / 10Strong wealth protection index
- Entry Ease Index7.7 / 10Straightforward entry and stay pathways
Weakest dimensions
- Flight Index3.6 / 10
- GeoStability Index4.8 / 10
Published ranks by index
One row per leaderboard we publish (the composite index plus each proprietary dimension). A rank appears only when this country is currently in the published top 10 for that list. Open a row to see the full ranking. Hover an index name for the same short definition as elsewhere on the site.
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Founder, Lucky Nomads · Wealth manager
Researched from official sources, leading global indices and Lucky Nomads' own scoring.
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