ึ500
Min. monthly salary
ึ900
Avg. monthly salary
ึ250โ700
1BR apartment/month
20% income tax (5% for IT companies)
Income tax
๐ Visa & Entry
Main visa route
Visa-free 180 days for most CIS/EU. Easy residency.
๐ฆ 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
๐ 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.
๐ธ 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: ~$10โ20. Wise: ~$6
๐ Housing
1BR Yerevan centre
$400โ700/month
1BR Malatia/Kentron
$300โ550/month
1BR outside centre
$200โ400/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.
๐ Other Country Guides
โน๏ธ
Information is for guidance only and updated quarterly. Laws and banking policies change โ always verify with official sources. Last updated: March 2026.