Overview:
In this method, the applicant is going to buy 100% of the stocks an operating business owns; be it a café, restaurant, florist, IT company, laundry, workshop, beauty salon, car wash, etc. Inside the republic of Armenia. If the applicant can provide proof of all legal details of the process, he/she can then file an application to the immigration police office for an Armenian residence permit for him/herself and his/her family and if his/her application is accepted by the immigration police office, he/she is free to live in this beautiful, spectacular country until the validity period of his/her residency card. After the expiration date, the residency card will be extended if the applicant applies for its extension.
One of the most apparent characteristics of this method is that the applicant must not take long before setting up his/her business. By purchasing an already active business, the applicants can start managing and running their business with less concern. For example, imagine you’re intending to set up a coffee-shop business from scratch. You will have to rent a shop first, hire a bookkeeper, get required food and beverages licenses, build up a website and promote it on social media, advertise for your coffee-shop, attract customers, set a menu, make contracts with distribution companies, design and execute the interior and exterior design of your coffee-shop, interview, hire and educate staff and the list goes on. But when you’re taking over an already operative and functioning business, you will only have to receive your documents and keys, get the necessary education, and start your work up straight!
General conditions:
Applicants willing to file an application for an Armenian residence permit through the purchase of an already active business must meet at least all of the conditions below:
- You must have an initial capital of at least 10000 dollars for your initial investment or purchase a business that is worth at least 10000 dollars.
- You must purchase a business capable of providing at least one Armenian citizen with full-time employment
- The applicant must be able to cover for the forthcoming costs of the business
- The applicant must be capable of managing a business in a foreign country.
Steps you need to take before filing an application for an Armenian residence permit through the purchase of an already operative business:
- First step: making a contract with the Whitebird Group.
- Second step: filling in certain forms and translating related documents.
- Third step: traveling to Armenia
- Fourth step: Opening an account in an Armenian bank to transfer the initial capital for the purchase of the business
- Fifth step: carefully observing and viewing available and ready-to-purchase businesses.
- Sixth step: paying the deposit of the money and making a contract with the seller
- Seventh step: studying the relevant documents related to the traded business and precisely observing every small and big tax detail as well as the relevant documents of the business
- Eighth step: getting the necessary education from the seller and his/her execution team
- Ninth step: paying the seller his/her rest of the money pledged in the contract
- Tenth step: completing all required documents for filing an application for Armenian residency
- Eleventh step: renting a flat in Armenia and receiving related documents
- Twelfth step: booking an appointment from the immigration police office for filing your application for Armenian residence permit
- Thirteenth step: the applicants themselves file their application for Armenian residence permit
- Fourteenth step: if the police accept your application, you will either receive your card yourself or we will take it on your behalf.
The benefits of receiving an Armenian residence permit through the purchase of an already operative business:
- By purchasing an already set up and active business, you can start earning money from day one!
- Purchasing an already set business will dramatically decrease the challenges and hardships you might have faced had you decided to start a business from scratch.
- A considerable amount of your time will be saved thanks to this method.
- Armenia is a developing country neighboring the European Union and providing various works, study, and life opportunities.
- With an Armenian residence permit, it will be possible for all family members live freely in a beautiful, safe, and peaceful country.
- Armenia offers the possibility of a modern-day studying experience for all children in local or international schools.
- When living in Armenia, you can benefit from having an international bank account.
- Applications through this method, enable the applicants to benefit from medical services after the purchase of an appropriate insurance package for all of their family.
- Validity period can be extended to up to five years if the immigration police office agrees.
- Having a residence permit in a third country can be beneficial when applying for a foreign country visa.
- Armenians are known to be helpful, friendly people that could be of help when trading.
- Minimum income in Armenia is 122000 Armenian drams and the average wage in this country is around 900000 Armenian drams.
- Armenian is an ancient land rich in cultural heritage and a spectacular landscape.
Required documents:
- To get information about the required documents, please leave a message on WhatsApp to this number۰۰۳۷۰۶۲۶۳۹۰۰۰.
Costs:
- To get information about the expenses of this process, please send a WhatsApp message to ۰۰۳۷۰۶۲۶۳۹۰۰۰.
Some points you probably did not know:
- The reason why we mentioned the initial equity of 10000 dollars is that considering the relative cheapness of living in the country, some people, unfortunately, believe it might be possible to get an Armenian residency with empty hands. There might be people believing that no certain capital is needed to run a business. It is unfortunately a wrong belief that has led to the waste of energy and money by numerous people, and finally their frustrated return to their home country. We should bear in mind that a government has no responsibility to provide us with a residence card because of the registration of an inactive company. Why should a government provide services to a company/business set up with fake and unrealistic documents? Why should we be looking for illegal and wrong methods instead of developing a real business? It’s important to remember that owning a capital of over 10000 dollars will be of enormous help in this process.
- What we mean about hiring Armenians, is only hiring people are Armenian citizens and hold an Armenian citizenship and a national ID card.
- If you set up an inactive company, it’s absolutely inevitable for your residency application or its extension to be rejected.
- It’s important to remember that you, yourself, are entering an agreement as the buying party against the seller, and the Whitebird group cannot guarantee or manage the contract made between you and the business owner.
- In case of any upcoming problems between you and the business owner, be it legal or criminal, you have to sue him/her yourself and the Whitebird Group takes no responsibilities in that regard.
- The valuation criterion for the Armenian dram, is its rate in the open market.
- This program does not suit children over eighteen years of age, and if you have any children older than eighteen, you will have to introduce them as your partners.
- You will not be entitled to living in a specific Armenian city. You can choose where you want to live in Armenia to be in Yerevan, Dilijan, or elsewhere.
