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Compare jurisdictions, side by side.

Pick up to 4 countries and see residency, company, banking, family, and risk notes line up. No prices, no marketing packages - just the working notes.

 AM flagArmenia

Europe

VG flagBritish Virgin Islands

Central America & Caribbean

SK flagSlovakia

Europe

OverviewArmenia has become an accessible relocation and operational base since 2022, with a maturing IT sector, simple residency routes, and a competitive tax framework. Bordercase coordinates with licensed Armenian partners for filings.The British Virgin Islands is a long-standing jurisdiction for BVI Business Companies used in international structures. Substance and reporting have tightened materially. Bordercase coordinates with licensed BVI partners.Slovakia offers EU residency and corporate structures with a stable regulatory environment and competitive costs. Bordercase coordinates with licensed Slovak partners for filings.
Best for
  • Founders
  • IT professionals
  • Tax simplification
  • Banking diversification
  • Regional hub
  • Holding structures
  • International funds
  • English admin
  • Founders
  • EU access
  • Cost of living
CurrencyAMDUSDEUR
LanguageArmenianEnglishSlovak
Time zoneUTC+4UTC-4UTC+1
EU memberNoNoYes
SchengenNoNoYes
Residency

Common Armenian residency routes:

  • Temporary residence - issued for 1 year, renewable; granted for work, study, business, family, or Armenian ancestry
  • Permanent residence - typically 5 years renewable; available after qualifying temporary stay or other qualifying ground
  • Special residence - 10-year status for individuals of Armenian descent or those of significant value to Armenia
  • Family reunification - spouse, children, dependant parents

Many nationalities can enter visa-free or with a simple e-visa for up to 180 days, which is often used to plan the right route.

BVI presence options:

  • Work permits - employer-sponsored
  • Residency for HNW under specific programmes
  • Limited tourist / business visit arrangements

Slovak residency routes:

  • Employment-based residence
  • Start-up visa - innovative businesses
  • Business / self-employment
  • Family reunification
  • EU citizen-derivative routes
Company setup

Standard Armenian entities and tax treatment:

  • LLC (Sahmanapak Pataskhanatvutyamb Enkerutyun) - the default private entity; fast online formation
  • Individual Entrepreneur (IE) - simple setup; Turnover Tax regime at 5% (or category-specific rates) for qualifying small businesses
  • IT Sector incentives - certified IT companies have historically benefited from reduced corporate tax and payroll incentives (programmes are revised periodically)
  • Standard CIT is 18%; dividend withholding is 5% for residents

Bordercase coordinates structure choice to match real activity and current incentive frameworks.

BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.

S.R.O. (private limited) is the standard entity, with relatively low minimum capital and well-established formation processes. VAT registration depends on activity.

Banking

Personal and corporate banking is broadly accessible through Ameriabank, ACBA Bank, Ardshinbank, and others - typically with USD, EUR, RUB, and AMD accounts. Onboarding is straightforward for clean cases; expect source-of-funds questions for larger flows. Bordercase coordinates introductions where useful.

Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.

Resident banking is straightforward; corporate banking varies by activity. Bordercase coordinates introductions for cross-border cases.

Family

Family reunification is supported across most routes. English-language international schools are available in Yerevan. Healthcare is a mix of public and private; private cover is recommended for relocating families.

Family inclusion follows the main route. International schools are limited.

Family reunification is supported. International schools are available in Bratislava.

Risks

Risks Bordercase watches for in Armenia:

  • Tax residency triggers - 183 days makes you tax-resident under Armenian rules
  • IT certification scope - incentives apply only to certified, qualifying activities
  • Russia/EAEU exposure - Armenia is part of EAEU; some structures benefit from this, others raise sanctions/banking flags
  • Source-of-funds scrutiny for non-standard transfer corridors
  • Permit renewals - documentation continuity matters across cycles

Risks Bordercase watches for in the BVI:

  • Economic substance reporting
  • UBO disclosure and beneficial ownership reform
  • Reputational handling around offshore structures

Risks Bordercase watches for in Slovakia:

  • Tax residency triggers
  • VAT registration timing for cross-border services
  • Processing variations between districts
Documents

Typical Armenian residency documents:

  • Passport (6+ months valid)
  • Proof of basis (employment, business, study, ancestry, family)
  • Proof of accommodation
  • Health insurance
  • Bank statements / proof of income
  • Criminal record certificate (apostilled, where required)
  • Marriage / birth certificates for family routes

Apostille and certified translation into Armenian where required.

Typical BVI documents:

  • Passport
  • Source-of-funds evidence
  • KYC for all UBOs
  • Apostilled foreign documents

Typical Slovak residency documents:

  • Passport
  • Criminal record certificate
  • Proof of address
  • Health insurance
  • Employment or business documentation
  • Family certificates with apostille and translation

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