Exploring Residency Opportunities for Digital Nomads in Armenia
With the freedom to work remotely and explore new places, it's no wonder that more and more people are embracing the digital nomad lifestyle. One of the key considerations for digital nomads is finding residency opportunities. In this article, we will delve into the residency opportunities for digital nomads in Armenia.
Why Armenia is an attractive destination for digital nomads
Armenia, with its rich history, stunning landscapes, and vibrant culture, can be a good choice for digital nomads seeking a unique experience. The country offers a welcoming environment, affordable cost of living, and a burgeoning tech scene. The capital city, Yerevan, is a hub for startups and innovation, making it an ideal destination for digital nomads looking to connect with like-minded individuals.
Residency for digital nomads in Armenia
Although Armenia does not have a specifically designed program for digital nomads, it does not impose restrictive laws on remote work within its borders. Digital nomads staying in Armenia for less than 180 days a year do not require any specific permit (work or residence) to engage in their remote work activities. However, for those interested in obtaining a residence permit, their remote work can serve as a legal basis for residency.
Obtaining residency in Armenia as a digital nomad brings a lot of benefits. Firstly, it provides a legal status in the country making a lot of procedures in the country, such as opening a bank account, easier. Secondly, the Armenian law does not require a minimum amount of days to stay in order to maintain this status. Furthermore, residency opens up opportunities for business and investment, particularly in Armenia's thriving tech sector. By becoming a resident, digital nomads can collaborate with local startups or even launch their own ventures. Additionally, holding residency for three years uninterruptedly can be a pathway to citizenship.
Exploring the cost of living and quality of life in Armenia for digital nomads
One of the key factors that make Armenia an attractive destination for digital nomads is its affordable cost of living which is on average more than 40% lower than in the US or European countries with its low costs of accommodation, food and transportation. Additionally, Armenia boasts a high quality of life, with its safe streets, reliable infrastructure, and access to modern amenities.
Internet availability is crucial for digital nomads, and Armenia meets this requirement with an average internet speed of 73.55 Mbps. The country offers several internet providers with competitive and affordable pricing.
Top cities and regions in Armenia for digital nomads to consider
Armenia's relatively small size does not limit its appeal, as it offers a diverse range of cities and regions for digital nomads to consider. Yerevan, with its vibrant atmosphere, numerous co-working spaces, and thriving tech scene, is a natural choice. Gyumri, the second-largest city, is known for its rich cultural heritage and artistic community. Other noteworthy cities and regions include Vanadzor, Dilijan, and the wine region of Areni, each catering to different preferences and interests.
Co-working spaces and digital nomad communities in Armenia
Armenia has seen a rise in the number of co-working spaces and digital nomad communities in recent years, catering to the needs of remote workers. In Yerevan, you can find a variety of co-working spaces, offering modern facilities, high-speed internet, and a collaborative environment. Some popular co-working spaces include Aeon, 256 HUB Coworking space, Loft, BeCoworker, and "COWO" (Coffee Working). These spaces not only provide a dedicated workspace but also serve as a hub for networking and community building.
Conclusion: Unlocking the hidden gems of residency opportunities for digital nomads in Armenia
Armenia offers a unique blend of work and adventure, making it an ideal destination for digital nomads seeking residency opportunities. Its affordability, welcoming environment, and burgeoning tech sector make it a hidden gem for those looking to call it home, at least for a little while.
What Makes Armenia a Good Choice for Residency
No Stay or Visit
Maintaining residency in Armenia does not require physical presence; remote application is possible.
Fast and Easy
The residency application usually takes about 80 days and only a valid passport is required.
Residents can sponsor extended family for residency (parents, siblings, grandchildren, etc.)
After living in Armenia for three years, citizenship can be obtained. Dual citizenship is allowed.
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We are committed to keeping your e-mail address confidential. We do not sell, rent, or lease our contact data or lists to third parties, and we will not provide your personal information to any third party individual, government agency, or company at any time.
Our Proven Process of Making Armenia Your Second Home
As part of the preparation process, we will take care of translating your passport, printing photos, and filling out the necessary forms.
Residency for Family
You can sponsor your spouse, children, parents, siblings, grandparents, and grandchildren to obtain residency in Armenia.
In order to qualify for residency, you have the option of either making a low-risk investment in government bonds or donating to a rural development project.
SSN, Tax ID, Etc.
You can obtain a certificate of registered address, a social security number, personal tax identification number, as well as a tax residency certificate.
Applicants can choose to apply for a temporary (1-year) or permanent (5-year) residence permit remotely or in-person.
You can choose from 18 banks offering online and mobile banking, Visa and MasterCard options, and up to 11% interest on deposits in AMD, RUR, etc.
What Clients Say
Overall, I felt it could not have been any better. Everything was taken care of so smoothly, effortlessly, and managed very well.
It is always daunting when dealing with immigration, visas etc in a foreign country. The team at Vardanyan & Partners made the process for registering the business and applying for residency so much easier. I had no worries at all. The team overall really went out of their way to accommodate and assist us.
The team members were all professional, knowledgeable and most importantly, honest. They are hard-working and patient and were always responsive to my messages and questions. What I like most is, they are very well organised and have a modern system of work.
Armenia is a captivating nation with a rich history and a promising future. Our firm is wholeheartedly committed to supporting individuals and businesses that recognize Armenia's potential and are eager to contribute to its ongoing success.
We trust that this website will serve as a valuable resource for you in gathering the information you need. Should you have any questions or require further assistance, please feel free to get in touch with us. You can easily contact us through various channels, such as completing the form on our website, emailing us directly at [email protected], or reaching out via phone or popular messaging apps like WhatsApp, Viber, Telegram, and Skype at +374.99.00.11.67. We are always available to assist you in any way possible.
LL.M. Georgetown University, licensed to practice in both Armenia (license no. 903) and New York (license no. 5148945)
Vardanyan & Partners is a reputable law firm situated in Yerevan, Armenia, which has been providing excellent legal services since its establishment in 2012. Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, ensuring that clients receive expert legal guidance. We are committed to staying up-to-date with the latest changes in legislation and regulations, ensuring that our clients receive the most relevant and accurate advice. At Vardanyan & Partners, we place a strong emphasis on honesty, transparency, and client care.
Where to find us
4/3 Pirumyanner, 4th Floor, Suite 12 , Yerevan, 0054, Armenia