Armenia

Armenia

Caucasus

EuropeNon-EU
62
Overall score
Moderate overall · 100% data coverage
Language
Armenian
Currency
AMD
Citizenship
3 years
Personal tax
20% flat
Cost of living
$650 / mo (single)
Overall scoring rubric
61
Access

How easy it is to get in, stay, and build status.

17% of Overall
60Residence12%
64Citizenship and passport5%
64
Earning power

How far local income goes after prices.

25% of Overall
47Salary and work12%
80Buying power13%
58
Business and wealth

How friendly the country is for taxes, companies, and investing.

20% of Overall
78Taxes7%
57Business8%
31Investment5%
70
Daily life

How comfortable everyday life is for families and long stays.

25% of Overall
72Quality of life18%
66Education7%
52
Rights and institutions

How reliable freedoms and institutions are.

13% of Overall
61Freedom6%
45Rule of law7%

Safety (66) clears the 40 floor, so no penalty applies.

Healthcare (79) clears the 40 floor, so no penalty applies.

Environment (49) clears the 35 floor, so no penalty applies.

Rights and institutions (52) clears the 30 floor, so no penalty applies.

Overall score
Final weighted result
62

A low-cost Caucasus tech hub with a fast 3-year citizenship route, a flat 20% income tax, generous IT-sector incentives and easy company formation - though salaries are modest and regional security is a concern.

Pros

  • Fast 3-year citizenship; dual allowed
  • Micro-business (5%) & IT tax incentives
  • Very low cost of living; easy company setup

Cons

  • Regional geopolitical risk
  • Modest local salaries
  • Armenian needed locally

Best for

Tech founders & freelancersLow-tax relocatorsDiaspora returnees

Score profile

Access
Residence
60
Citizenship
72
Passport
49
Earning power
Salary & work
47
Buying power
80
Cost of living
85
Economy
71
Business and wealth
Taxes
78
Personal tax
64
Corporate tax
49
Business
57
Investment
31
Wealth building
58
Daily life
Safety
66
Healthcare
79
Environment
49
Infrastructure
70
Education
66
HDI
81
Rights and institutions
Freedom
61
Rule of law
45

Access

Residence

Rules change often and depend on your situation. Confirm any residence / visa decision with a qualified professional, or do your own research, before acting.

Openness to residents
Moderate
60
How this score is calculated

Our 0–100 score combines international migrant stock (40%), regulatory quality (20%), the breadth of named residence pathways (25%), and time to permanent residence (15%). Available indicators are reweighted.

Migrant stock9.2% of population (2024)
Regulatory quality0.14 (−2.5 to 2.5) (2024)

Source: World Bank World Development Indicators

Main pathways
Temporary residence (work/business)Permanent residenceInvestment-based residenceFamily/heritage
StudentResidence for enrolled students.
WorkOpen labour market; residence via employment or business.
Self-employedSole entrepreneur with micro-business (turnover) regime; IT incentives.
PermanentPermanent residence (5-yr card) renewable; citizenship after 3 years.
Citizenship

Rules change often and depend on your situation. Confirm any citizenship decision with a qualified professional, or do your own research, before acting.

Citizenship accessibility
Good
72
Years required3 years of permanent residence
Dual allowedtrue
LanguageArmenian language + constitution knowledge
Residence3 years residence (faster for ethnic Armenians)
NotesEthnic Armenians can obtain citizenship on a simplified basis.
Passport

Rules change often and depend on your situation. Confirm any travel or visa decision with a qualified professional, or do your own research, before acting.

Passport power
Moderate
49

Passport-index style mobility for the Armenia passport. The score above is its world reach: the share of 198 destinations reachable without a prior visa.

98 / 198
Mobility
#53
Global rank
Yes
Biometric
  • Visa-free49
  • On arrival44
  • eTA5
  • Visa required100

Passport Index style mobility data (2024–2025 estimate). Placeholder figures; verify current entry rules with each destination’s authority before travelling.

Earning power

Salary & work
Labour-market strength
Moderate
47
How this score is calculated

Our 0–100 score combines output per worker (a proxy for wage potential at 40%), unemployment (35%) and labour-force participation (25%). Available indicators are reweighted; the curated profile fields remain below.

Output per worker$47,369 PPP (2024)
Unemployment12.9% (2025)
Participation59.4% of 15+ (2025)

Source: World Bank World Development Indicators

Mean monthly earnings of employees
Overall$357 · $865 PPP (2023)
Tech (IT & comms)$637 · $1,545 PPP (2023)

Source: ILOSTAT (International Labour Organization)

FreelanceStrong, fast-growing IT sector; good base for remote work
Job marketYerevan tech scene growing (PicsArt, Krisp roots); IT incentives in place.
Buying power
Purchasing power score
Excellent
80
How this score is calculated

Our 0–100 score estimates how far money goes for the typical person here. It combines GNI per capita at PPP (30%) and actual household consumption per person at PPP (15%) with a price-advantage term from the local price level (25%) that rewards lower prices, then adjusts for income equality via the Gini index (20%), so unequal economies don't ride a high average, plus price stability via consumer inflation (10%). Available indicators are reweighted; it is a comparison, not a personal budget estimate.

GNI / person$24,020 PPP (2025)
Consumption / person$14,316 PPP (2024)
Price level41 (US = 100) (2025)
Income inequality27.4 Gini (2024)
Inflation3.3% / yr (2025)

Source: World Bank World Development Indicators

Cost of living
Affordability
Excellent
85

Our 0–100 affordability score is derived from the local consumer price level (World Bank, US = 100): the cheaper everyday prices are, the higher it scores. Lower price level means your money goes further here.

Price level41 (US = 100) (2025)

Source: World Bank World Development Indicators

Rent$350–650 (1BR Yerevan)
Monthly$650
CitiesYerevan, Gyumri
Economy
Economic strength
Good
71
How this score is calculated

Our 0–100 score combines income level (GDP and GNI per capita, output per worker), growth momentum (real GDP growth), price stability (inflation) and labour utilisation (unemployment). Available indicators are reweighted; the sector split and industry profile below are descriptive, not scored.

Output & income
GDP$29.2B (2025)
GDP / person$9,474 (2025)
GNI / person$24,020 PPP (2025)
GDP growth5.9% / yr (2024)

Source: World Bank World Development Indicators

Stability & labour
Inflation3.3% / yr (2025)
Unemployment12.9% (2025)
Output per worker$47,369 PPP (2024)

Source: World Bank World Development Indicators

Sector composition
Agriculture7.9% of GDP (2025)
Industry23.1% of GDP (2025)
Services61.3% of GDP (2025)

Source: World Bank World Development Indicators

Main industries
Information technologyMiningAgriculture & foodJewellery & diamondsTourism
Top exports
Copper ores & metalsCut diamonds & jewelleryFood & beveragesIT services
TypeUpper-middle-income, services- and mining-led
Key sectorsFast-growing IT sector, Mining & metals, Agri-food & brandy
SummaryA small landlocked economy with a fast-growing IT sector alongside mining, agriculture and brandy exports.
CurrencyArmenian dram

Business and wealth

Taxes

Rules change often and depend on your situation. Confirm any tax decision with a qualified professional, or do your own research, before acting.

Tax friendliness
Good
78
Personal20% flat
Corporate18%
Capital gains10–20% depending on asset
Dividends5%
Exit taxNone
Foreign cosNo comprehensive CFC regime
Personal tax

Rules change often and depend on your situation. Confirm any tax decision with a qualified professional, or do your own research, before acting.

Personal tax
Moderate
64
Personal20% flat
FreelanceMicro-business (turnover) regime; ~5% turnover tax for small earners
Capital gains10–20% depending on asset
Dividends5%
Exit taxNone
Corporate tax

Rules change often and depend on your situation. Confirm any tax decision with a qualified professional, or do your own research, before acting.

Corporate tax
Moderate
49
Corporate18%
Capital gains10–20% depending on asset
Dividends5%
Foreign cosNo comprehensive CFC regime
Business
Business friendliness
Moderate
57
How this score is calculated

Our 0–100 score measures the operating environment without counting tax a second time: company formation and ownership rules contribute 40%, regulatory quality 30%, and government effectiveness 30%. Available indicators are reweighted; the values are shown below.

Regulation & bureaucracy
Regulatory quality0.14 (−2.5 to 2.5) (2024)
Government effectiveness-0.36 (−2.5 to 2.5) (2024)

Source: World Bank World Development Indicators

Operating rules
Foreign co.Yes: 100% foreign ownership
Local co.LLC registration online/in-person in ~1–2 days
FreelanceMicro-business (turnover) regime; ~5% turnover tax for small earners
Investment

Rules change often and depend on your situation. Confirm any investment / tax decision with a qualified professional, or do your own research, before acting.

Investing environment
Limited
31
How this score is calculated

Our 0–100 score measures market access without counting tax a second time: broker availability contributes 50%, equity-market depth 30%, and private credit depth 20%. Available indicators are reweighted.

Market cap19% of GDP (2024)
Private credit71% of GDP (2025)

Source: World Bank World Development Indicators

Capital gains10–20% CGT; simple personal taxation
DividendsData not available yet
ETFs & fundsData not available yet
Wealth taxNone
BrokersLimited locally; foreign brokers used
Foreign accessData not available yet
Tax-advantagedData not available yet
Wealth building

Rules change often and depend on your situation. Confirm any tax / investment decision with a qualified professional, or do your own research, before acting.

Wealth accumulation
Moderate
58
How this score is calculated

How favourable Armenia is for building wealth: earnings and business/investment upside, tax drag, and how much a typical income keeps after living costs. Estimated from the factors below.

Salary & work
Moderate
47
Business
Moderate
57
Investment
Limited
31
Tax friendliness
Good
78
Cost of living
Excellent
85

Daily life

Safety
Safety & stability
Good
66
How this score is calculated

Our 0–100 score combines personal safety (intentional homicide rate at 50%), political stability and absence of violence (30%), and control of corruption (20%). Available indicators are reweighted; the published values are shown below. Always check current government travel and security advice before relocating.

Personal safety
Homicide rate2.2 per 100,000 (2023)

Source: World Bank World Development Indicators

Institutions & stability
Control of corruption0.14 (−2.5 to 2.5) (2024)
Political stability-0.72 (−2.5 to 2.5) (2024)

Source: World Bank World Development Indicators

Healthcare
Healthcare score
Good
79
How this score is calculated

Our 0–100 score combines health outcomes (life expectancy at 25% and under-5 mortality at 20%) with system capacity (physicians at 20% and hospital beds at 15% per 1,000 people) and health spending per capita (20%). Available indicators are reweighted; the published values are shown below.

Outcomes
Life expectancy78.3 years (2024)
Under-5 mortality9.6 per 1,000 births (2024)

Source: World Bank World Development Indicators

Capacity & resourcing
Physicians3.36 per 1,000 (2022)
Hospital beds4.24 per 1,000 (2023)
Health spending$2,033 PPP / person (2023)

Source: World Bank World Development Indicators

System & costs
SystemPublic + affordable private
InsurancePrivate insurance common; care inexpensive
Avg costPrivate cover ~$200–500 / yr
Environment
Environment score
Moderate
49
How this score is calculated

Our 0–100 score combines annual population-weighted PM2.5 exposure at 60% with freshwater stress at 40%. Lower exposure and lower water stress score better. Air quality alone can produce a score because it covers most countries; water stress alone cannot.

Environmental pressure
PM2.5 exposure28.6 μg/m³ annually (2023)
Water stress62.0% (2022)

Source: World Bank World Development Indicators

Infrastructure
Infrastructure score
Good
70
How this score is calculated

The score combines digital access, resilience and download performance (30%), electricity access and network losses (30%), and transport infrastructure covering rail, logistics and aviation (40%). Available inputs are reweighted, but a country needs both digital and transport data to receive a score.

Digital infrastructure
Internet use81.3% (2024)
Internet resilience63 / 100 (2026)
Fixed speed72 / 100 download index (2026)
Mobile speed66 / 100 download index (2026)

Sources: World Bank World Development Indicators · Internet Society Pulse Internet Resilience Index

Utilities
Electricity access100.0% (2023)
Grid losses6.7% of output (2023)

Source: World Bank World Development Indicators

Transport
Transport quality2.60 / 5 (2022)
Rail density24.8 km / 1,000 km² (2021)
Air connectivity3,698 departures / million people (2023)

Source: World Bank World Development Indicators

Education
Education score
Good
66
How this score is calculated

Our 0–100 score combines attainment (expected schooling at 30% and mean schooling at 25%) with participation (tertiary enrolment at 25%) and public investment (government education spending at 20%). Available indicators are reweighted; tuition and study rules remain separate profile fields below.

Attainment
Expected schooling14.4 years (2023)
Mean schooling11.3 years (2023)

Source: UNDP Human Development Report 2025

Participation & investment
Tertiary enrolment53% gross (2024)
Education spending2.4% of GDP (2023)

Source: World Bank World Development Indicators

Tuition$2,000–5,000 / yr
Public uniLow; some English-taught programs
LanguagesArmenian, Russian, English (limited)
Student workWork generally permitted
HDI
Human development score
Excellent
81
How this score is calculated

The UN Human Development Index is the geometric mean of three dimension indices (a long and healthy life, knowledge, and a decent standard of living), shown on a 0–100 map scale (HDI × 100). The 2023 UNDP inputs behind each dimension are listed below.

HDI0.811 (2023)

Source: UNDP Human Development Report 2025

Long & healthy life
Life expectancy75.7 years (2023)

Source: UNDP Human Development Report 2025

Knowledge
Expected schooling14.4 years (2023)
Mean schooling11.3 years (2023)

Source: UNDP Human Development Report 2025

Standard of living
GNI / person$20,221 PPP (2023)

Source: UNDP Human Development Report 2025

Rights and institutions

Freedom
Freedom score
Moderate
61
How this score is calculated

The score weights Freedom House’s 0–100 Freedom in the World score at 60% and its Freedom on the Net score at 40%. If either report does not cover a country, the available score is used alone. Scores of 70 and above are rated “Free”, 40–69 “Partly free”, and below 40 “Not free”.

Freedom in the World54 / 100 (Partly free)
Freedom on the Net72 / 100 (Free)
Rule of law
Rule of law score
Moderate
45
How this score is calculated

The World Bank’s Rule of Law indicator captures how well contracts are enforced and how independent and effective the courts, police and property-rights regime are. We show its 0–100 percentile rank, where higher means stronger, more predictable institutions.

Rule of Law percentile45 / 100
Resources

Mock data for demonstration only. Not legal or tax advice.