Factor scores

How Armenia performs

Tax

87.2

Very strong

Lighter than most. Taxes here are below average: Armenia is 32nd of 123. Most people keep a good share of their income and business profit. Personal income tax 20%, corporate tax 18%, VAT 20%.

Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)

Safety

63.5

Moderate

Safe. Armenia is safer and more stable than most countries we cover (45th of 117).

Source: Institute for Economics and Peace, Global Peace Index

Cost of Living

80.6

Very strong

Average cost. Everyday costs are mid-table: Armenia is 58th of 118.

Source: Numbeo Cost of Living Index

Education

42.9

Weak

Average education. Education is mid-table: Armenia is 52nd of 120.

Source: UNDP & MBRF, Global Knowledge Index

Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.

Tax and citizenship

The detail behind the scores

Taxation

Corporate income tax	18%
Personal income tax	20%
Standard VAT	20%

Rates change without notice. Confirm with the relevant tax authority before acting.

Naturalization Requirements and Immigration Pathway

Residence for naturalization: 3 years
Language requirement: Yes
Proficiency in Armenian language
Investment Immigration Pathway: Armenia Business Investment Pathway to Residency
Official language: Armenian
Russian is also widely used

Compare

Elsewhere in Europe

#2 baseline

North Macedonia

Baseline score 72.3

#3 baseline

Bulgaria

Baseline score 71.8

#9 baseline

Romania

Baseline score 70.7

#11 baseline

Bosnia and Herzegovina

Baseline score 70.2