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Business Opportunities in Armenia 2020  

Investment Opportunities in Armenia 2021 

8,300 Sq. M. (2.05 Ac) Vineyard for Sale in Vedi, $19,000

Property Description

This property of 8,300 sq. m. (2.05 ac) is a vineyard located in Vedi, Ararat valley, with a beautiful view of mount Ararat (only 14 km to east of the famous Khor Virap monastery). The property is zoned as agricultural. 

Details

Size

8,300 sq. m. (2.05 Ac)

Asking Price

$19,000

Asking Price per Sq. M. 

$2.29

Vineyard Area

8,300 sq. m.

Yield

20 t

Return on Investment (Est.)

10%

Grape Varieties

Kangun

Altitude

848 m

Temperature

-20° C (January); +35° C (July)

Hours of Sunshine per Year

2,700

Annual Rainfall

200-250 mm

Seller Financing

Yes

Parcel Numbers

03-004-0417-0011; 03-004-0418-0011

GPS Coordinates (approx.)

39.903966; 44.694554

Annual Property Taxes

$58 (AMD 28,000)

Zoning

Agricultural

Access

E117 Highway

Location & Distance

Vedi is a small town with 14,800 inhabitants, in the Ararat Province of Armenia, located along the Vedi River, 35 kilometres (22 miles) south of the capital Yerevan, and 18 kilometres (11 miles) southeast of the provincial center Artashat. The name Vedi is derived from the Arabic word wadi, meaning valley. The territory of Vedi has been settled since the Urartian period. However, the name Vedi was first mentioned during the 13th century by historian Stephen Orbelian in his book History of the Province of Syunik. The Goravan semi-desert forms a natural border at the south of the town, while the mountains of Urts form the natural borders of Vedi to the north. The Vedi River flows through the city, and there are also underground mineral water reserves. Vedi and the surrounding territories are a major center for agricultural and dairy products in Armenia. Main crops are grape and apricot. Home-made wine is very common in Vedi. The VediAlco founded in 1956, is among the prominent wine and brandy producers in Armenia.


The climate is dry and very continental. Winters begin in mid-December, with average January temperatures ranging from -5 to -6. The lowest temperature was -32 degrees. Summer is hot, from May to October, the average monthly air temperature reaches 24 to 26 degrees, and the maximum - 42 degrees. The annual precipitation is 200-250 mm. Natural landscapes are semi-deserts that have been transformed into cultivated-irrigated lands.


Vedi is connected to Yerevan via E117 highway of international importance, part of the new North-South Road program. Distance from major cities/towns:

  • Yerevan – 49.1 km (46 min.)
  • Artashat – 17.9 km (17 min.)
  • Ararat - 11.1 km (13 min.)
  • Areni - 61.7 (1 h.)

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%

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2021.01.26 Investment
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Nerses Isajanyan

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

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LL.M. Georgetown University

New York Bar | Armenia Chamber of Advocates

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