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4/3 Pirumyanner, Suite 12, Yerevan, 0054, Armenia



Updated Real Estate Prices in Yerevan and Retirement Opportunities in Armenia

According to official statistics published by the Cadastral Office, the real estate market in the center of Yerevan has demonstrated significant growth, with a notable increase in the last year. From April 2023 to March 2024, average prices per square meter in the city center rose from $2,102 to $2,295, reflecting a 9.2% annual increase. This steady upward trend is part of a larger surge observed over the last decade, where prices soared from $1,021 in 2012 to $2,073 in 2023, totaling a 103% increase. This growth was particularly marked by a dramatic 42.4% rise from 2021 to 2022.

Retirement in Armenia

To help you make an informed decision, we cover several key aspects of retiring in this country.

Tax Considerations: Armenia offers a tax-friendly environment, with no tax on pensions or insurance income, capital gains, gifts, and inheritance.

Visa and Residency: Armenia is known for its liberal immigration laws, allowing nationals of many countries to visit visa-free and stay long-term. For detailed information on visa and residency requirements, please visit our website.

Safety and Security: Armenia ranks as one of the safest countries globally. For current safety rankings and crime statistics, refer to Numbeo's Safety Rankings.

Connectivity and Internet Access: The country boasts high-speed, affordable internet, ensuring you stay connected with loved ones and global happenings effortlessly.

Property Ownership: Foreigners face no restrictions on owning real estate and most land types, providing flexibility in finding your ideal home.

Cost of Living and Domestic Assistance: The cost of living is relatively low, and affordable labor makes it easier to find domestic help. Detailed cost information is available on Numbeo.

Healthcare System: Armenia has an accessible healthcare system with both public and private options, and health insurance is reasonably priced at around USD 200-500 annually.

Community and Social Integration: Vibrant expatriate groups such as the Armenian Repatriates Network and Expats in Republic of Armenia provide excellent resources for networking and integration.

Our Services

Visa & Residency

  • Visa application
  • Visa extension
  • Invitation letter
  • Residence permit
  • Work permit
  • Citizenship

Legal & Compliance

  • Address registration
  • Social security number
  • Tax ID number
  • Tax residency certificate
  • Tax compliance services
  • Health insurance


  • Personal bank account
  • Corporate bank account
  • Company registration
  • Real estate
  • Stocks and bonds
  • Bank deposits

Contact Us for Assistance

Whether you have a specific concern or just need some preliminary advice, our team is here to help. Fill out the form below, and one of our experts will reach out to you shortly. No strings attached, and absolutely free.

2023.03.20 Residence
I wish to obtain: *
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Your Privacy Matters to Us
Rest assured, any information you provide will be treated with the utmost confidentiality. We firmly believe in the principle of data privacy. That means we will not sell, rent, or lease our contact lists to any third party, and your personal details will never be handed over to individuals, government agencies, or companies.

Our Achievements

Customers served!

1500 +

Years of experience

Cases Handled

Customers served!


Years of experience

Nationalities Assisted

Customers served!


Years of experience

Years of Expertise

Customers served!

1500 %

Years of experience

Success Rate

Customers served!


Years of experience

Rating on Google

Customers served!

1500 +

Years of experience

Lawyers on Staff

What Clients Say

Why Choose Us

Decade of Excellence

Over 10 years of specialized experience in immigration and business setup.

Tailored Solutions

Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, providing bespoke legal strategies for each client.

Fast & Fluent Communication

We prioritize your concerns with a 24-hour response policy and communicate effectively in both English and Russian.

Client-Centered Approach

At Vardanyan & Partners, client care is paramount. Our emphasis on honesty and transparency ensures that you are always informed and confident in your legal journey.

Secure Transactions

Benefit from our secure online payment system without the worry of hidden charges.

Reputable & Reliable

Established in 2012, Vardanyan & Partners has built a reputation for excellence and reliability. With our team, you are not just hiring attorneys; you are partnering with insured legal experts committed to your success.

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. 

Family Covered

Residents can sponsor extended family for residency (parents, siblings, grandchildren, etc.) 

Citizenship Path

After living in Armenia for three years, citizenship can be obtained. Dual citizenship is allowed.

Nerses Isajanyan

Managing Attorney

LL.M., Georgetown University

Licensed Attorney, Armenia: License no. 903

Licensed Attorney, New York: License no. 5148945

Our firm's reputation rests on more than just legal expertise. We pride ourselves on the values of honesty, transparency, and an unwavering commitment to client care. We recognize the unique opportunities and challenges Armenia presents, and we are here to guide you through them.

For inquiries or to schedule a consultation, you may contact us at [email protected] or +374. I look forward to collaborating with you on your journey in Armenia.

Where to find us

Nestled in the heart of the Davtashen district in Yerevan, our office is a stone's throw away from the Migration Service building, ensuring seamless coordination on immigration matters. If you refer to the map above, you will pinpoint our exact location. For those journeying from the city center, anticipate a brief 20-30 minute taxi ride to reach us. We look forward to welcoming you and addressing your legal needs.


4/3 Pirumyanner, Suite 12, Yerevan, 0054, Armenia



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