APEX Pioneers Armenian Citizenship by Investment Program

Armenian Citizenship

Moving forward to opening Armenian Citizenship by Investment Program Deputy Minister of Justice Armenouhi Harutyunyan met with Nuri Katz, the founder of APEX Capital Partners, on late August 2023. Here APEX brings a wealth of experience to the table being a well-known expert who has helped other nations develop their economic citizenship programs. Including Canada’s program for investors.

The two discussed amending Armenia’s “Law on Citizenship” to offer citizenship to individuals who contribute significantly in critical sectors. Such as economics, science, culture, education, sports, healthcare. Eventually, APEX could be the linchpin that elevates Armenia’s global standing in this competitive field. By attracting not just investment but also top-tier professionals who can contribute to the country’s development.

Armenian Citizenship
Armenian Citizenship by Investment Program Deputy Minister of Justice Armenouhi Harutyunyan met with Nuri Katz, the founder of APEX Capital Partners
Armenian Citizenship

Armenian Citizenship by Investment: work in progress

We are at a critical juncture,” said Deputy Minister Harutyunyan, highlighting the dual intent of the initiative. “This isn’t merely an economic proposition. It’s a strategic policy overhaul to enhance Armenia’s global footprint.” While keen on fast-tracking economic gains, Harutyunyan emphasized the need for careful navigation, given Armenia’s complex geopolitical milieu. “Our task is twofold: inviting transformative contributions while meticulously evaluating any long-term implications, including potential security risks“.

Nuri Katz was optimistic about the prospects, stating, “Armenia is teeming with untapped potential. With the right legal framework, the country could become a magnet for highly qualified individuals and, by extension, multinational capital“.

The meeting between Harutyunyan and Katz suggests that Armenia is not just ready to enter the competitive arena of economic citizenship but aims to do so with strategic thoughtfulness that could set it apart from other nations.

Armenian Citizenship by Investment: how it started

Firstly, Armenian Citizenship Program was announced in October 2022.  And immediately became one of the most discussed among the experts of the industry.

The draft of the local CIP looked like this: foreign citizens will be required to provide at least USD 150,000

  • to a foundation created for operating in education or science sector;
  • in the shares of a commercial organization for at least 10 years;
  • acquire government bonds of at least USD 150,000  for at least 7 years,

purchase real estate for at least USD 150,000  for a minimum of 10 years, with a cadastral cost approximated to the market cost of real estate, per the official state news agency.

So now we will track feather development of this CIP.

Benefits of Armenian citizenship

The country allows dual citizenship and does not require a person to renounce their existing citizenship. Citizenship does not affect a person’s tax liabilities since Armenia does not have citizenship-based taxation.

An Armenian passport provides travel visa-free entry to 65 countries, including China, but holder would not be able to visit Schengen zone without visa, as that is the core benefit of Caribbean citizenship by programs with quite the same investment requirements.

For investors we offer a wide range of Citizenship by Investment Programs to choose from. Please, contact Apex Capital Partners to get more information and ask personal questions. You can get free consultation from Apex Capital Partners on the program of Citizenship of Turkey, Portugal’s Golden Visa. As well as Cyprus, Caribbean (Citizenship of St. Kitts and Nevis, Dominica, Grenada, Saint Lucia, Antigua). Ask your question – info@apexcap.orgatannous@apexcap.org

If you are a private banking specialist, a family lawyer, or work as a financial consultant in Middle East, Africa, China or any other region of the world, do not hesitate to contact Apex Capital Partners and become a partner, a part of our strong professional network. APEX has all the main local agent licenses to work with Citizenship by Investment Programs, including all key Caribbean CIPs. Please contact – Armand Tannous, atannous@apexcap.org

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Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.

European citizenship by investment


European Citizenship by Investment is becoming increasingly popular across the globe. We will answer the questions where can I get second passport EU and what countries would be interesting for EU citizenship through investment?


The experience of Apex Capital Partners with the real estate market allows us to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.

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