Contact us:
[email protected] | +374.99.00.11.67 | Skype | WhatsApp | Viber | IMO

Business Opportunities in Armenia 2020  

Investment Opportunities in Armenia 2021 

18,500 Sq. M. (4.58 Ac) Vineyard for Sale in Aghavnadzor (Areni), $58,000

Property Description

This property of 18,500 sq. m. (4.58 Ac) is a vineyard located at the hills of Aghavnadzor village, in the Areni area, well known for its viticulture. The property is only 14 km away from the famous Noravank Monastery. The property is zoned as agricultural. 

Details

Size

18,500 sq. m. (4.58 Ac)

Asking Price

$58,000

Asking Price per Sq. M. 

$3.13

Vineyard Area

18,500 sq. m.

Yield

20 t

Return on Investment (Est.)

8%

Grape Varieties

Areni

Altitude

1,285 m

Temperature

-7° C (January); +32° C (July)

Hours of Sunshine per Year

2,700

Annual Rainfall

350-400 mm

Seller Financing

Yes

Parcel Numbers

10-006-0304-0014; 0015; 0016

GPS Coordinates (approx.)

39.747782; 45.218230

Annual Property Taxes

$35 (AMD 17,000)

Zoning

Agricultural

Access

E117 Highway

Location & Distance

Aghavnadzor is a small village with a population of around 2,000, located in the Areni Municipality of the Vayots Dzor Province in Armenia. The village is situated at 1,450-1,600 above sea level, and has a beautiful natural panorama. Due to the proximity to various historical sites, most importantly the Noravank Monastery, the village has a great potential for ecotourism and gastrotourism. 


The village is in the subtropical dry climate zone with dry, hot summers and humid, moderately cold winters. Annual precipitations are in the range of 350 to 400 mm. Autumn is long and warm creating favorable conditions for the ripening of the local famous "Areni" type grapes. There are 340-350 sunny days per year, contributing to the high quality of the locally produced fruits and vegetables.


Aghavnadzor is connected to Yerevan via E117 highway of international importance, part of the new North-South Road program as well as the H10 scenic road. 


Distance from major cities/towns:

  • Yerevan – 122 km (1 h. 58 min.)
  • Areni - 12.5 km (16 min.)
  • Jermuk - 61.5 km (1 h. 6 min.)
  • Yeghegnadzor - 22 km (17 min.)

Opportunities

  • Vineyard
  • Greenhouse
  • Solar energy
  • Buy and hold
  • Poultry
  • Tiny house, mobile home
  • Park RV or travel trailer
  • Drying Farm
  • Orchard
  • Vegetable farm
  • Beekeeping
  • Raw Crop
  • Raise Livestock
  • Cool Storage

FAQ

How does the closing process work? 

How does seller financing work?

How many people can be included on the deed?

Can the deed be made out to an LLC?

Can I build on the property?

Has a title search been done? 

Are taxes up to date? 

Can I visit the property?

Does the property have an address?

Has a survey been done?

Are RVs allowed? 

Benefits of Investment in Land

  • Tangible Asset
  • Increasing Demand
  • Limited Supply
  • Low Cost to Own
  • Low Cost to Maintain
  • Potential for Passive Income
  • Potential for Quick Profit
  • Flexibility to Build or Hold

7 Reasons for Investing in Armenian Property

1. 100% Foreign Ownership

Foreigners can be 100% owners of real estate in Armenia: they can acquire, hold, lease, sell, bequest and otherwise dispose of their property on equal basis with locals. Foreigners do not need to have a residence permit or otherwise show any links to Armenia. Agricultural land can be owned through a legal entity.

2. Fast & Safe Registration

The entire process of buying a property in Armenia can take only a few days. Armenia ranks very high – the 13th – among 190 countries on the World Bank’s “Registering Property” index which measures both the efficiency and the quality of the property registration system. By way of comparison, the U.S. ranks 39th, the U.K. – 41st, , France – 99th.

3. No Gift or Inheritance Taxes

Armenia does not have gift or estate taxes.

4. No Tax on Capital Gains

Capital gains on the sale of real property by an individual are generally not taxed. 

5. Low Property Taxes

Tax real estate tax rates are in the range of 0% to 1% of the cadastral value which is normally significantly lower than the market value.

6. No Stamp Duties

There are no stamp duties. Only small official fees are paid and they do not depend on the value of the real estate.

7. Residency & Citizenship

Armenia offers temporary, permanent and special residence to foreign business people as well as citizenship-by-exception to important investors. Investing in real estate may qualify you for such immigration benefits. 

Legal & Taxes

#1. Foreign Ownership of Real Property

#2. Ownership Structure

#3. Establishing Good Title

#4. Preliminary Agreement

#5. Purchase and Sale Agreement (Deed of Sale)

#6. Registration

#7. Fees and Taxes

#8. Currency Exchange & Anti-Money Laundering Regulations

#9. Inheritance

Armenia is a modern and fast-growing country with rich history and traditions, beautiful nature, excellent cuisine, low taxes, low crime rate, and low cost of living. Foreigners are allowed to be 100% owners of real estate in Armenia and can take advantage of investment opportunities. Armenia generally does not tax real estate transactions, capital gains, gifts, or inheritance. Real estate investment can also grant immigration benefits, such as residence or citizenship.


A knowledgeable local lawyer can help you navigate through the investment process, avoid pitfalls and minimize risks. Legal assistance can be very valuable in the process of due diligence checks, document review and preparation, payments, registrations, etc. Please contact us for a free evaluation of your case.

Country Overview

Header

Area SQ.KM.

29,700

PopulatioN

2,962,000

Capital:

Yerevan (1,075,000)

Religion:

christian (94.8%)

lANGUAGE: 

Armenian

LITERACY RATE: 

99%

Climate:

SUMMER 33C

WINTER 4C

Currency:

DRAM ($1 = 480 AMD)

Average Salary:

$387

GDP Growth (2019):

7.6%

GdP per capita:

$4,173

Unemployment:

18%

Inflation:

1.7%

Leave a Comment

Copyright 2021 - Vardanyan & Partners LLC

Get Free Advice

Please send your inquiries by filling out this form.

2021.01.26 Investment
I am interested in investing in :
Preferred location
I am interested in:
I wish to invest:
I am interested in immigration (residency, citizenship)

Nerses Isajanyan

Managing Attorney
LL.M. Georgetown University
New York Bar | Armenian Chamber of Advocates

We are a team of licensed lawyers based in Armenia and Georgia. Our primary commitment is to provide quality service to clients at a compelling value that helps manage risk, overcome regulatory issues and advance their personal and business goals. 


Why Us

  • Fully Licensed
  • 10+ Years of Experience
  • Broad Scope of Legal Services
  • Quick Communication
  • Honest & Ethical
  • Fluent in English
  • Result-Based Fees
  • Secure Online Payments
  • No Hidden Charges
  • Liability Insurance

Book a Call with a Lawyer

Loading...


Our Services

  • Passport
  • ID Card
  • Special Passport
  • Residence Permit
  • Visa
  • Legal Advice
  • Document Review
  • Procurement
  • Legalization
  • Case Tracking
  • Address Registration
  • Bank Account
  • SSN
  • Taxpayer ID Number
  • Translation
  • Power of Attorney
  • Company Formation
  • Tax Compliance
  • Real Estate Transactions
  • Investments
  • Remote Applications
  • Renewals
  • Appeals

Nerses Isajanyan

Attorney

LL.M. Georgetown University

New York Bar | Armenia Chamber of Advocates

We would love to hear your opinion. If you feel we have provided valuable information and support or would like to leave us feedback, please do so below. If you have any concerns please call us today at +374.99.00.11.67.

Thank you for helping us improve.

Sending
User Rating 0 (0 vote)

Did you find all the information you were looking for? Is there anything missing?
What did you like most about this page? Would you recommend us to a friend?
>
en_USEnglish