ArmeniaUpdate November 2026: Armenia reformed residence rules, with a five-year investor track scheduled from 1 August 2026. Final investment thresholds were not confirmed at our last review.
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.
Residence program
Five-year investor residence track from August 2026. Thresholds not confirmed.
Citizenship program
No citizenship by investment. Naturalisation after 3 years of legal residence.
Investment name
Investment projects
Minimum Investment
€100,000
Visa Type:
Business visa or residence permit
Permanent Residency
“Special residency status” issued to distinguished foreigners engaged in economic and cultural activities in Armenia. This also qualifies for Armenian passport.
Armenia Citizenship
After 3 years of residence
Dual Citizenship
Allowed
Processing time
Varies. Contact us for current timing.
Last reviewed November 2026. Programme rules change often, so confirm details with us before investing.