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

 

[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]

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

This one is the most interesting IMHO

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

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

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]

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 ?

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 below 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]

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 ?

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]

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.

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]

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.

Yes, this one looks good.