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Armenia's modern infrastructure in housing construction

THE LOW COST OF LIVING IN ARMENIA AS WELL AS THE 34

Of course, according to the nature and type of investment, the immigration authorities of Armenia can make the necessary decision to allow residence to those who qualify by examining issues such as the nationality of individuals, the place of investment, and the creation of employment in this country

A country with modern and growing infrastructure can be considered one of the best options for investment

A country with modern and growing infrastructure can be considered one of the best options for investment. It is possible to obtain one-year, 5-year and 10-year residency through the purchase of property in Armenia, and the minimum capital required to obtain it is between $19,000 and $95,000. The low cost of living in Armenia as well as the 34.5% economic growth of this country in terms of real estate value in 2018-2019 are other reasons for increasing the desire to invest in Armenia. the government of this country from real estate transactions, capital gains, gifts or inheritances; It does not receive taxes and foreigners are allowed to own 100% of their real estate in Armenia. Rich history and traditions, beautiful nature, great food, low taxes and low crime rates have made Armenia a safe area for investment and residency.

It is 100% possible to rent, sell, pledge and maintain real estate by foreigners in Armenia. Foreign nationals do not need a residence permit in this matter, and in fact, investing in real estate can be one of the conditions for obtaining a temporary or permanent residence permit in Armenia. This is despite the fact that the only restriction on foreign ownership is specific to agricultural land, that only foreigners who have residency can apply for this type of property.

Applicants and investors who have been granted a temporary residence card due to the purchase of property in Armenia can bring their spouses and children under the age of 18 with them. While in the process of permanent residence and 10-year residence, they can bring their parents in addition to their spouses and children under 18 years old. Of course, according to the nature and type of investment, the immigration authorities of Armenia can make the necessary decision to allow residence to those who qualify by examining issues such as the nationality of individuals, the place of investment, and the creation of employment in this country. Therefore, people are not required to reside in this country to buy property in Armenia, and foreign applicants can have 100% ownership of their property in Armenia without the need for residence.

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