Moving to Armenia
UPDATED March 15. 2023
What is Armenia?
Armenia is a landlocked republic in Western Asia
Armenia is a bit of an odd-ball country, a land-locked republic in Western Asia.
Most Westerners picture moving to Thailand, the Philippines, Paraguay or other tropical countries when they’re escaping the West, but there are plenty of random countries which are a surprisingly good option, such as Armenia.
Armenia lies in the Caucasus region, and borders Azerbaijan, Turkey, Georgia and Iran.
Its capital is Yerevan, by far the most populous city in the country and the financial center of Armenia.
It is located east of Eastern Europe, and west of Asia.
A bit in the middle, but it is considered (culturally) a European nation – although thankfully not a part of Europe.
That said, it is part of plenty of European organizations, such as the Council of Europe, Eurocontrol and the European Bank for Reconstruction and Development.
This could end up blowing up in its face once Western-Europe starts to collapse, but we’ll see.
It’s also part of plenty of Euroasian groups, such as the Asian Development Bank and the Eurasian Economic Union.
Armenia is a developing country, a unitary, multi-party, democratic nation-state with an ancient and very interesting history.
In 860 BC, the first Armenian state named Urartu was established, to be replaced by the Satrapy of Armenia by the 6th century BC.
Centuries later, it became a kingdom, en was in the year 301 the first state in the world to adopt Christianity as its official language.
Thanks for that.
Geographically speaking, you can expect a lot of steppes, rolling hills and rivers, with some forests spread across the country.
Armenia lies well above sea-level (at least 390 meters / 1280 ft), and consists mostly of mountainous area.
Its economy is based primarily on industrial output and mineral extraction.
They created their own alphabet in 405 AD, with 36-39 letters, and it’s still being used to this day.
Moving to Armenia requirements
Moving to Armenia does not come with a lot of requirements.
Citizens of many nations can stay there visa-free for up to 180 days, and others can get a visa on arrival.
It’s relatively hassle-free to move to Armenia and to stay there, because getting permanent residency is rather easy as well.
This is one of the main reasons Armenia is so attractive to move to, or make it one of your Bases.
The only hard requirement of moving to Armenia is having at least one source of self-employed, location independent international income.
You generally do not want to work for an Armenian company, because that not only ties you too tightly to this country, you’ll also have to pay taxes.
And it limits your freedom to move around the world.
Cost of living in Armenia
Living in Armenia on a budget can be done, as the average cost of living is around $1400 for a single person.
This has steeply increased in the last year, seeing an almost 40% increase!
It used to be really cheap to live in Armenia, and while it’s still well within reach for everyone, it’s not as dirt-cheap anymore.
If you have one or multiple sources of international income, you should be able to live a good life here.
Don’t take this figure as an absolute, however, I’d recommend you aim for making at least $2,000 a month in location independent income.
That way, you can not only live a great life in Armenia, but you can also save money, invest it, and pay for any other luxuries you might want, or emergency expenses you might incur.
Benefits of living in Armenia
Disadvantages of living in Armenia
Moving to Armenia - by the numbers
|Hours of sunshine (9/10)||Temperature (5/10)||Rainy days (10/10)||Humidity (10/10)|
11 C – 52 F
Level of English: 4/10
Cost of Living: 7/10
Taxes on international income: 7/10
You have to pay taxes if you’re considered a resident, which is the case if you are there at least 183 days per year.
Economic growth: 7.5/10
Average GDP growth over the last 10 years: 4.5%
How is life in Armenia for foreigners?
Life in Armenia for foreigners is pretty great.
Armenia is a safe country with plenty of nature, friendly locals, a low cost of living, and the possibility of permanent residency.
The level of English proficiency is rather low, so if you were to live here full-time, you’d need to learn Armenian – which isn’t easy, as they have their own alphabet.
In addition, if you were to live here full-time (more than half a year per year), you’d have to pay taxes.
The Armenian government would probably not know where you money comes from, so you’d be able to avoid paying taxes, but that wouldn’t be legal and in the long run could interfere with your happiness.
It used to be really cheap to live in Armenia, but over the past year or two, the cost of living has gone up significantly. It’s still very doable and cheaper than Western nations, but not as great as it used to be.
I’d advise you to use Armenia as one of your Bases.
You can get permanent residence, invest, or open a bank account there (they’ve got 9.5%+ interest rates at the moment, miles higher than any Western nation).
Armenia might not be the greatest country in the world to spend all your time in, but as a Base (or even multiple Bases), it is 100% worth it.