Armenia is a landlocked country situated between the Black Sea and the Caspian Sea, bordered on the north and east by Georgia and Azerbaijan and on the south and west by Iran and Turkey. The currency is Dram and armenian language is spoken widely in the country. The main industries are diamond-processing, metal-cutting and machinery. The economic investment in Armenia is favorable with Government backed incentives including Free Economic Zone (FEZ) . Companies operating in free economic zones are fully relieved from income tax, property tax, proft tax, and custom duties, as well as VAT for services delivered to the organizer and operator and products in the territory of the free economic zone.
Business visa or residence permit
“Special residency status” issued to distinguished foreigners engaged in economic and cultural activities in Armenia. This also qualifies for Armenian passport.
Naturalisation after 3 years of residency.