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Living in Armenia: Expat Financial Guide

Everything you need to manage your money in Armenia โ€” banks, transfers, housing, taxes and more.

โœ… Updated March 2026 ๐ŸŒ HY/EN speaking ๐Ÿ’ฑ AMD 0% tax hassle
ึ500
Min. monthly salary
ึ900
Avg. monthly salary
ึ250โ€“700
1BR apartment/month
20% income tax (5% for IT companies)
Income tax
๐Ÿ›‚ Visa & Entry
Main visa route
Visa-free 180 days for most CIS/EU. Easy residency.
๐Ÿฆ Banking
Best for CIS expats
ACBA Bank or Ameria Bank โ€” passport only, immediate
No residence needed?
Correct โ€” just passport for basic accounts
Mir cards accepted?
Yes โ€” Armenian banks accept Russian Mir cards
Multi-currency
AMD, USD, EUR, RUB accounts available
๐Ÿ“‹ First Steps
No mandatory registration
No white card or police registration needed
Residency card
Apply at Migration Service if staying 180+ days
Social Card
Required for employment. Apply at State Register.
SIM Card
Viva-MTS, Beeline, or Ucom. Passport required. From 1,000 AMD.
๐Ÿ’ธ Transfers Home
Best service
Wise + local Armenian banks with SWIFT
To Russia
Armenian banks have active SWIFT to Russia โ€” best option in region
To Ukraine
Wise, Western Union
Average fee (1,000 USD)
Armenian bank SWIFT: ~$10โ€“20. Wise: ~$6
๐Ÿ  Housing
1BR Yerevan centre
$400โ€“700/month
1BR Malatia/Kentron
$300โ€“550/month
1BR outside centre
$200โ€“400/month
Note
Prices rose 40-60% since 2022

Ready to move to Armenia?

Use our free tools to find the best bank and transfer service for your situation.

๐Ÿ“– Other Country Guides
๐Ÿ‡ฉ๐Ÿ‡ช
Germany
Expat Guide โ†’
๐Ÿ‡จ๐Ÿ‡ฆ
Canada
Expat Guide โ†’
๐Ÿ‡ฆ๐Ÿ‡ช
UAE
Expat Guide โ†’
๐Ÿ‡ฌ๐Ÿ‡ช
Georgia
Expat Guide โ†’
๐Ÿ‡ท๐Ÿ‡ธ
Serbia
Expat Guide โ†’
โ„น๏ธ

Information is for guidance only and updated quarterly. Laws and banking policies change โ€” always verify with official sources. Last updated: March 2026.