Armenia
0% capital gains tax for non-entrepreneur individuals. Comprehensive Central Bank licensing framework (2025). ECOS Free Economic Zone offers 0% tax for crypto businesses for 25 years. CARF reporting from 2027. Growing tech hub with very low cost of living.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
CARF Status
Committed
Bitizenship
Not yet
Crypto Tax Guidelines
Published by Central Bank of Armenia
CARF Reporting
Committed
Armenia has committed to implementing CARF but has not yet specified an exact timeline. When active, crypto service providers will be required to report user transactions to tax authorities.
Tax Rates
Activity Taxes
Staking
Passive staking generally tax-free; active participation taxed as income (20%)
Mining
Taxed as income (20%); sole proprietors 10%
DeFi
Passive yields generally 0%; active DeFi may be classified as income
NFTs
Case-by-case; may fall under financial instruments regulation
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No holding period required — capital gains always 0% for non-entrepreneur individuals
Regulation & Residency
Regulatory Body
Central Bank of Armenia / State Revenue Committee
Residency Requirement
180 days visa-free; temp residence ~$264/yr; no minimum income requirement
Reporting Requirements
Annual tax return; CARF reporting from 2027; Central Bank licensing for service providers
Citizenship & Residency Path
180 days visa-free; temp residence ~$264/yr; citizenship after 3 years; dual citizenship allowed
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →0% CGT for non-entrepreneur individuals
- →High-frequency trading may trigger entrepreneur classification (10-20%)
- →ECOS FEZ: 0% income, 0% VAT, 0% customs for crypto businesses (25-year guarantee)
- →Microbusiness regime: exempt from profit/VAT/turnover tax up to ~$60K revenue
- →Central Bank licensing mandatory for all crypto service providers (from 2025)
- →CARF implementation and first automatic exchange by 2027
- →Dual citizenship permitted; citizenship possible after 3 years
- →Cash crypto transactions banned (transitional period until Jan 2027)
Living & Lifestyle
Cost of Living
Very Low
Banking Access
Moderate
Quality of Life
Moderate
Lifestyle Scores