Caucasus · Asia

Armenia

65good

Overall Score

Armenia is a Caucasus jurisdiction. with a standard worldwide income tax regime applicable to tax residents. Corporate profits are taxed at 18%.

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Corporate Tax

18%

Personal Income Tax

20%

Capital Gains

10%

VAT / GST

20%

Overview

Key Data

Taxation

Personal Income Tax (max)20%

Personal Income Tax (min)20%

Corporate Tax Rate18%

Capital Gains Tax10%

VAT / GST20%

Dividend Tax Rate5%

Withholding Tax10%

Territorial TaxationNo

Foreign Income Exempt—

Remittance-Based Tax—

CFC RulesNo

Tax Residency Days183 days/year

Tax Treaties—

Residency & Visa

Digital Nomad VisaNo

Golden VisaNo

Retirement VisaNo

Investment VisaNo

EU MemberNo

Schengen AreaNo

EU PassportNo

Min. Days Required / Year—

Min. Monthly Income—

Min. Investment (residency)—

Citizenship Path—

Setup Difficulty—

Business & Cost of Living

Cost of Living Index32/100

Avg. Monthly Cost—

Company Formation Time—

Formation Cost (est.)—

Annual Compliance Cost—

Free Zone AvailableNo

Banking Easegood

Internet Qualitygood

Compliance & Reputation

FATF Statuscompliant

EU Blacklist Statusnot_listed

OECD Compliance—

CRS Participant—

FATCA Compliant—

BEPS Participant—

Treaty Network Quality—

Personal Tax Residency

Tax residency in Armenia is generally triggered by physical presence exceeding 183 days in a calendar year. Foreign income treatment: unknown. No statutory CFC rules apply, which can facilitate the use of foreign holding structures without automatic income attribution.

Flat 20% personal income tax. IT companies can get 5% preferential CIT rate under HiTech sector. Very affordable. Visa-free for many nationalities (180 days). Growing tech hub.

Company Setup & Business Taxation

The standard corporate income tax rate is 18%. The administrative process is considered straightforward, with minimal bureaucratic friction.

Banking & Financial Access

Account opening in Armenia can be challenging for foreign nationals or non-resident businesses, and enhanced due diligence is common practice. Internet connectivity is generally good, with consistent broadband availability in business districts and main population centres.

Compliance & International Reputation

Armenia is a member of the Financial Action Task Force (FATF) and meets its anti-money-laundering standards. EU tax blacklist status: not_listed. Structures involving this jurisdiction may attract additional scrutiny or reporting obligations under EU member state rules.

Who This Jurisdiction Works Best For

Based on our scoring model, Armenia ranks highest for Founder / Entrepreneur and Freelancer. It offers a strong proposition for founder / entrepreneur (score: 69/100). It offers a strong proposition for freelancer (score: 65/100).

Legal Notice

The information on this page is for general informational purposes only and does not constitute legal, tax, or financial advice. Tax laws and residency rules change frequently and vary significantly by individual circumstances. Always consult a qualified professional licensed in the relevant jurisdictions before making any decisions.