Armenia Residence Program

Armenia is a small country located in the South Caucasus region of Eurasia. Known for its rich cultural heritage and scenic landscapes, Armenia has recently emerged as a popular destination for foreign investors seeking to obtain residency through investment. In this article, we will explore the different ways to obtain residency in Armenia, with a focus on residency by investment.

Residency by Investment in Armenia

One of the most popular ways to obtain residency in Armenia is through the country's Residency by Investment program. Under this program, foreign nationals can obtain residency in Armenia by investing in the country's economy.

There are two main options for investors seeking residency in Armenia: the Fixed-Term Residency program and the Permanent Residency program.

The Fixed-Term Residency program is designed for those who wish to obtain temporary residency in Armenia. Under this program, foreign nationals can obtain residency for a period of one to three years by investing a minimum of $50,000 in the country's economy.

The Permanent Residency program, on the other hand, is designed for those who wish to obtain permanent residency in Armenia. To be eligible for this program, investors must invest a minimum of $150,000 in the country's economy. Successful applicants will be granted permanent residency status in Armenia, which allows them to live and work in the country without any restrictions.

Benefits of Armenian Residency

There are many benefits to obtaining residency in Armenia. Firstly, Armenia offers a very low cost of living, making it an attractive option for investors looking to establish a new home or business. Additionally, Armenia has a well-educated workforce and a strong entrepreneurial spirit, making it an ideal location for those looking to start a new business or expand their existing operations.

Furthermore, Armenia has a rich cultural heritage and a diverse population, which makes it an attractive location for those who value cultural exchange and diversity. Finally, Armenia's strategic location at the crossroads of Europe and Asia makes it an ideal location for those looking to establish a foothold in the region.

Third-country nationals outside of the EU, EEA, or Switzerland can be eligible for this Maltese residency program. The rights granted through the Global Residence Program in Malta can be availed by: 

• the main applicant who must not be a long-term resident and 

• the main applicant’s dependents, being: 

  • spouse of the main applicant or person with whom the main applicant is in a stable relationship; 

  • minor children; 

  • children under the age of 25, provided that they are not economically active;

  • children who, because of circumstances of illness or disability of a serious gravity, are unable to maintain themselves; 

  • dependant brothers, sisters and direct relatives in the ascending line of the main applicant, spouse of main applicant or person with whom the main applicant is in a stable relationship. 

The term “children” is meant to refer to the children, including adopted children and children who are in the care and custody of the main applicant, spouse of the main applicant or the person with whom the main applicant is in a stable relationship. 

The main applicant is also allowed to bring to Malta individuals who have been working with him in a systematic manner as household staff for at least 2 years prior to the date of submission of the application. They will not qualify for any tax benefits, however.