The Tax Appeal of Armenia's Immigration Program

Armenia, located in the Caucasus region, was once part of the former Soviet Union. It shares borders with Azerbaijan, Georgia, Turkey, and Iran. In October 2022, Armenia launched a citizenship-by-investment program, allowing individuals to obtain citizenship by providing "exceptional services" to the country. There are 11 ways to qualify under this program, including:

• Donating $150,000 to a government-approved foundation supporting education or science
• Investing $150,000 in a private Armenian company and holding the investment for 10 years
• Purchasing $150,000 worth of Armenian government bonds with a minimum holding period of 7 years
• Acquiring $150,000+ worth of real estate and holding it for at least 10 years
• Investing $150,000 in a government-approved investment fund and holding it for at least 10 years
• Establishing a $1 million high-tech or IT company, with the founder’s primary economic interests located in Armenia
• Opening a branch of a foreign company with a market value of $100 million and employing at least 500 people locally
• Creating a venture capital fund with assets of at least $80 million
• Investing $100,000 in high-tech or venture capital funds
• Working for 20 years in a high-tech or IT company listed on the New York, Frankfurt, or London stock exchanges
• Working for 5 years in the international postal industry and investing $250,000 in the sector

Given Armenia’s potential future accession to the European Union, this price point is undoubtedly appealing to certain individuals. Now, let’s explore the tax benefits of Armenian citizenship: