Opening a Business No Longer Enough for Residency in Armenia as New Financial Requirements Could Affect Russian Relocants
5 Articles
5 Articles
In a recent survey, the readers of "Meduza" have identified Armenia as one of the most comfortable countries for emigration. And if you plan to settle there, it is worth noting that new regulations for obtaining a residence permit will be in force in the Republic as of 1 November. The authorities have introduced quotas for the VAW, translated documents online, and for the first time set clear financial requirements for foreign entrepreneurs. For…
Armenia is tightening the rules for issuing residence permits based on business activities from November 1. The new requirements will apply to foreigners who want to obtain residence status in the country as an individual entrepreneur or through a company. Banker.az reports, citing Meduza, that an individual applying as an individual entrepreneur must have a turnover of at least 1 million drams in the last 60 days or have the same amount in thei…
Opening a Business No Longer Enough for Residency in Armenia as New Financial Requirements Could Affect Russian Relocants
Armenia will overhaul its residency system beginning November 1, introducing new financial requirements for foreign entrepreneurs, annual quotas for residence permits and an online application system. The changes could have an outsized impact on Russian nationals who have settled in Armenia since Russia’s full-scale invasion of Ukraine in 2022. Many have used business registration as a relatively simple route to obtaining legal residency. The am…
Armenia is among the most comfortable countries for emigration, according to a survey of Meduza readers. However, for Russians, legalization in the country will become more difficult from November 1, when new rules for obtaining a residence permit come into effect.
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