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Living in Armenia
Yerevan Β· EUROPE Β· Armenian / Russian
Cost of living
$560
excl. rent
Rent 1BR
$480
city center
Safety
5/10
GPI 2024
Internet
100 Mbps
avg speed
Yerevan has become a surprise digital nomad hotspot β low taxes, low costs, fast internet, and a growing startup ecosystem.
βPros
- β Very low cost of living
- β No income tax for IT workers (until 2025)
- β 5% flat tax for entrepreneurs
- β Booming tech/startup scene in Yerevan
- β Welcoming to Russians and Ukrainians
- β Fast internet in Yerevan
βCons
- β Landlocked β no sea
- β Cold winters in Yerevan
- β Limited English outside Yerevan
- β Tensions with neighbors
- β Fewer international flights
Details
Climatecontinental
EnglishMedium
CurrencyAMD (Armenian Dram)
Tax rate5%
Beachβ
Mountainsβ
Visa Options
Visa-free 180 days for most nationalitiesResidence permit (after 180 days)Individual entrepreneur status (tax 5%)
Visa-free days by passport:
US: 180dGB: 180dDE: 180dFR: 180dRU: 180dUA: 180dPL: 180dCA: 180dAU: 180d
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