Armenia CBI

[backpacker]

Often rumored, in 2017 about to get enacted, than scrapped due to "revolution", now unveiled:
Conditions of the new Armenia CBI -> Armenian Govt. Unveils Decision to Offer Citizenship for $150,000 Investment in Property, Bonds, Shares, Funds, and More - Investment Migration Insider

Quite obvious that this will be successful, specifically given the current geopolitical situation. And it is welcome competion for Georgia.
However, do not get to exited: Armenia taxes worldwide income -> Question - Armenia - weird CGT

Last edited: Oct 20, 2022

 

[Jerry1911]

"An investment of US$100,000 or more in a high-tech or venture capital fund"

This one‌ is the most interesting IMHO

 

[backpacker]

Will these be government controlled‍ investment vehicles??
We will probably have to wait a few more months for more guidance.⁠

Considering the tax situation, $150k in government bonds for min. 7 years is also very⁤ attractive.

 

[Allisgood]

They have mandatory military service - unless they have exceptions for CBI applicants ?

 

[backpacker]

N
Not applicable -> Military Service

 

[Allisgood]

Ok it doesn’t sound that convincing. It says “generally”.

I know poker player Dan Bilzerian‌ did obtain Armenian citizenship by decent (google it) - and although he is a dual‍ American + Armenian now, he did have to sign up to the military. Did he⁠ do it for fun ?

 

[backpacker]

If a 22 year old⁤ American of Armenian decent applies for Armenian citizenship and than settles in Yerevan, he will⁣ most likely have to serve. If he is 42 years old, not.

This is a⁢ CBI program. People of Armenian decent do not apply for it. Generally speaking, people below︀ 35 should not even try to apply for this program.
So, case solved.

Dan Bilzerian:︁ It was him who wanted to sign up. Both, citizenship + serving in the army,︂ was the intention of this well publicized media event.

 

[JackAlabama]

Age limit of 35.

 

[Allisgood]

Remember that Armenia lost badly in the recent war.

So unless I am 55+ I‌ would not feel super confident with this citizenship.
Unless they clearly exempt CBI investors from‍ even signing up at the military office.

Why 55 years ?

Vardanyan and Partners mentions⁠ on their website:

„If you are a male below the age of 55 you may⁤ have to register with the military office“.

Which means you most likely have to sign⁣ up. The simple fact that you are in that registry is not good.

 

[JackAlabama]

Yah, that looks not all too good indeed for below 55.

 

[Allisgood]

Apart from that - maybe they can fix it and exempt CBIs - it seems‌ a good program. Passport gives you visa free travel to China and Russia, but not‍ the EU.
So it could be a good addition. Armenia is a nice country.

 

[JackAlabama]

Yes, this one looks good.