Armenia
Taxes, residence and daily life for people moving to Armenia: for a wealthy family, an expat employee and a remote worker. Researched .
Open Armenia in the interactive guide
At a glance
For an EU-citizen family of five living off a €30M portfolio, the guide's default reader. The interactive guide recomputes everything for other passports and situations.
- Score for a wealthy family
- 64 / 100
- Tax on a €30M portfolio
- €51,600 a year
- Wealth tax
- none
- Children inherit
- tax-free
- EU member
- no
- Currency
- AMD
- Capital
- Yerevan
Tax on investments, inheritance and wealth
Armenia taxes residents on worldwide income at a flat 20%, but income from the sale of shares and other investment securities is exempt for individuals, and dividends are taxed at 5%. Inheritances and gifts received from individuals are exempt from income tax, and there is no wealth tax (only annual property tax on real estate and vehicles). Corporate tax 18%. Medium-to-low confidence: the securities exemption comes from a 2023 KPMG summary and was not checked against the current Tax Code.
- Armenia tax residence: Gains on securities exempt; dividends 5%; no inheritance or wealth tax.
Inheritance law and trusts
Minor children, disabled children, a disabled spouse, parents and dependants are guaranteed at least half of what they would inherit by law, whatever the will says. The sources do not settle whether a foreign resident can choose their own national law. Armenia has no common-law trust and the Hague Trusts Convention is not in force there; foundations exist but are set up for public-benefit purposes.
Daily life, scored out of 100
From public indicators (World Bank, UNDP, Transparency International and others); higher is better.
| Measure | Score |
|---|---|
| Safety and personal security | 59 |
| Political and institutional stability | 46 |
| Corruption and government integrity | 48 |
| Legal system and property rights | 47 |
| Healthcare quality and access | 68 |
| Education quality | 19 |
| Human development and quality of life | 62 |
| Infrastructure and connectivity | 59 |
| Business opportunities and economy | 57 |
| Cultural fit and lifestyle | 37 |
Research notes
Armenia — family-office tax dossier
Last reviewed: 2026-10-15 Tax year: 2026 Reviewer: research agent (Claude), unreviewed by a tax adviser
Summary
Armenia taxes residents on worldwide income at a flat 20%, but income from the sale of shares and other investment securities is exempt for individuals, and dividends are taxed at 5%. Inheritances and gifts received from individuals are exempt from income tax, and there is no wealth tax (only annual property tax on real estate and vehicles). Corporate tax 18%. Medium-to-low confidence: the securities exemption comes from a 2023 KPMG summary and was not checked against the current Tax Code.
Residence and eligibility
Resident if physically present 183 days or more in the calendar year, or centre of vital interests in Armenia, or in the Armenian civil service (PwC).
- Temporary / permanent residence permit (EU, US, OTHER): Many nationalities can stay visa-free up to 180 days a year; long-term stay needs a temporary (1-year) or permanent residence permit on grounds such as business, employment or Armenian descent. No golden visa programme. Details not verified.
Capital gains
Armenia has no separate capital gains tax. Income from the sale of stocks and other investment securities is exempt income for individuals (KPMG). Income from the sale of property paid by a tax agent is taxed at 10%; sales of non-business property to other individuals are exempt (PwC).
- Rate basis: Securities and private company shares scored 0 (exempt income). Local real estate scored at 10%: the rate when the buyer is a tax agent (company or entrepreneur); a sale to another individual is exempt. Foreign real estate sold to a foreign individual assumed exempt.
- Professional trader: Individual entrepreneurs are taxed on business income; frequent trading by a private investor is not known to be recharacterised.
- Holding period: None found.
- Foreign assets: Residents are taxed on worldwide income with a foreign tax credit, but the securities exemption is not limited to Armenian securities (per KPMG).
- Confidence: medium (partially_verified), verified 2026-10-15.
- JSON numbers: headline 0.1; listed domestic 0.0, listed foreign 0.0, private business 0.0, local real estate 0.1, foreign real estate 0.0.
Dividends
Dividends are taxed at 5% (for profits from 2020 onward), withheld by Armenian payers. Dividends on shares listed in Armenia by 31.12.2024 are exempt. Foreign tax is credited up to the Armenian tax.
- Rate basis: 5% statutory dividend rate; assumed to apply to foreign dividends received by residents (self-declared).
- Outbound WHT: 5% WHT on dividends to non-residents; treaty rates; no WHT on gains from securities.
- Treaty network: About 47 treaties (PwC list: most EU states, Switzerland, UK, UAE, Qatar, Hong Kong, Cyprus, Luxembourg). No modern US treaty listed.
- Confidence: medium (partially_verified), verified 2026-10-15.
- JSON numbers: headline 0.05, domestic 0.05, foreign gross 0.05, credit method
credit.
Inheritance and gifts to children
No inheritance or gift tax. Property and money received by inheritance or as a gift from individuals are exempt income (KPMG).
- Gift tax: Gifts from individuals are exempt; gifts from tax agents (companies) are taxed as other income at 20%.
- Foreign assets: No tax on any asset.
- Domicile rules: Not relevant.
- Confidence: medium (partially_verified), verified 2026-10-15.
- JSON numbers: basis
none, childrenfully_exempt, exemption 0, brackets none, other transfer cost 0.0.
Wealth tax
No net wealth tax.
- Property taxes: Annual property tax on real estate (cadastral value) and vehicles is levied by communities; rates not verified. Not a wealth tax.
- Confidence: medium (partially_verified), verified 2026-10-15.
- JSON: type
none.
Special regimes
None modelled. No special tax regime for newly arriving wealthy residents was found.
Company taxation (kept separate from personal tax)
CIT 18%; investment funds 0.01% of net assets; turnover tax and micro-enterprise regimes for SMEs.
Cost of living notes
No cost-of-living items were sourced in this pass.
US citizens: US citizens remain US-taxed. The 1973 US-USSR treaty has been reported to apply to Armenia; not verified.
Open questions
- The securities exemption (Tax Code art. 147) was taken from KPMG's 2023 summary; confirm that it still covers foreign listed securities in 2026.
- Whether the 10% on property sold to a tax agent is levied on gross proceeds or on the gain was not verified.
- PwC and KPMG state the 5% dividend rate without distinguishing foreign-source dividends; confirm that foreign dividends are not taxed at the general 20% rate.
Sources
- Taxation of International Executives: Armenia (2023)
- Armenia - Individual - Taxes on personal income (last reviewed 30 Jun 2026)
- Armenia Tax Cheat Sheet for Investors (Sept 2025)
- Armenia - Individual - Foreign tax relief and tax treaties
- Armenia - Corporate - Withholding taxes
- Armenia - Individual - Other taxes (last reviewed 30 Jun 2026)
- Armenia - Individual - Residence (last reviewed 30 Jun 2026)
- Armenia - Corporate - Taxes on corporate income
Change log
- 2026-10-15: initial research.
Residence and succession sources
- HCCH status table: Convention of 1 July 1985 on the Law Applicable to Trusts and on their Recognition — Hague Conference on Private International Law
- Comprehensive Guide to Estate Planning for Foreign Nationals in Armenia — Armenian Lawyer
- Pursuant to Article 1194 of the RA Civil Code (compulsory portion) — Iravaban.net (Armenian legal portal)
Tax sources are cited in the research notes above.