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Yerevan, Armenia 🇦🇲
#997 ,

Nomad Score: 70%

Essentials

🏙️ City Yerevan is the capital and largest city of Armenia, known for its rich history and vibrant culture.
👥 Population Approximately 1.1 million people.
💻 Internet Speed Average internet speed is around 50 Mbps.
💸 Currency & Banking 1 AMD ≈ 0.0026 USD, with local banks such as VTB Bank and Araratbank widely available.
🚰 Tap Water Drinkable; however, bottled water is commonly consumed.
🔌 Power 220V, 50Hz, with Type C shops for charging.
📶 SIM Card Providers include VivaCell-MTS, Ucom, and Beeline, with good coverage across the city.
💳 Banking for Expats International banks like HSBC and MasterCard are accepted.
🛌 Accommodation Options include hotels, hostels, and short-term rentals via Airbnb.
💳 Cashless Friendly Yes, cards are accepted in most shops and restaurants.
🏠 Short Term Rentals Airbnb offers numerous options throughout the city.
🛏️ Budget Accommodation Hostel Yerevan offers dorms starting at around $10 per night.
🏙️ Best Area to Stay for Tourists Republic Square and the Cascade area are popular among tourists.
🏙️ Best Area to Stay for Digital Nomads The City Center is recommended for easy access to cafes and coworking spaces.

Working and Networking

🏢 Best Coworking Space Impact Hub Yerevan is well-rated for its atmosphere and events.
Best Cafe for Work Dargett Brewpub is a popular spot with good Wi-Fi and coffee.
💼 Networking Events Meetups are hosted regularly via platforms like Meetup.com and local groups.
🥂 Social Events for Expats The 'Yerevan Expats' Facebook group organizes regular events.

Transportation

🚕 Best Taxi/Ride App Yandex Taxi is widely used and reliable for getting around.
🚲 Bike/Scooter Rental Users can rent bikes via the 'Bike Yerevan' app.
🏖️ Best Beach Nearby Lake Sevan, about 1.5 hours away, is the nearest beach area.
✈️ Top Regional Airline Armenia Air is a prominent local airline.
✈️ Top International Airline Flydubai and Lufthansa offer direct international flights.
🛣️ Highway Access The M1 Highway provides access to major cities like Gyumri and Vanadzor.
🚉 Main Train/Transit Hub Yerevan Railway Station serves as the primary transport hub.
🚍 Public Transport Passes Metro tickets cost about 100 AMD; monthly cards are available.
✈️ Regional Travel Buses and marshrutkas connect Yerevan with surrounding regions.

Health and Wellness

🏥 Best Hospital Arabkir Medical Center is regarded as the best hospital in Yerevan.
🧘 Yoga & Wellness Centers The Body & Mind Center offers various yoga classes.
🏋️ Gyms & Fitness Centers Fitness House provides a wide range of gym facilities.
🧺 Laundry Services Laundromat services are available at Clean City.

Food and Drink

📱 Best Food Delivery App Glovo and Yerevan Fast offer convenient food delivery options.
🍽️ Best Local Dish to Try Khorovats (Armenian barbecue) is a must-try local delicacy.
🍱 Vegan/Vegetarian Options Cafes like Veggie Cafe offer great plant-based meals.
🍫 Best Dessert Spots Café La Boheme serves delicious pastries and desserts.
🛒 Affordable Shopping Spots The GUM Market offers local produce and snacks at good prices.
🛒 E-commerce/Online Store Local e-commerce sites like YerevanStore.com have a variety of goods.
🛒 Grocery Delivery Supermarket delivery services are available via SAS supermarket app.
🍸 Bar/Nightlife Area The Republic Square area has vibrant nightlife options.
🍻 Local Brewery Dargett Brewery offers tours and tastings.
🍷 Wine Bars In Vino is a popular spot for wine lovers.
🍲 Street Food Stalls Check out the food stalls in the Vernissage market.
🍕 Popular International Cuisine Restaurants like The Club serve excellent international dishes.

Culture and Attractions

🎟️ Must-See Landmarks The Cascade Complex and Republic Square are key attractions.
🏛️ Museums & Art Venues The History Museum of Armenia showcases rich Armenian heritage.
🏰 Historical Sites Khor Virap Monastery is a significant historical site nearby.
🕍 Religious Sites The Cathedral of Saint Gregory the Illuminator is a must-visit.
🎉 Annual Events Yerevan hosts the Aurora Prize Ceremony every April.
🎨 Cultural Districts The Northern Avenue and Cascade area are culturally vibrant.
🎭 Theater Venues The Sundukyan Theatre is popular for performances.
🛍️ Local Markets Vernissage flea market offers a variety of local crafts.
🎼 Music Scene The Aram Khachaturian Concert Hall hosts various performances.
🎨 Street Art The streets of Yerevan have numerous murals and graffiti work.
🧑‍🍳 Cooking Classes Diana's Cooking Classes offers traditional Armenian cooking experiences.
👩‍🎨 Art Galleries The Contemporary Art Museum of Armenia hosts exciting exhibitions.
🕰️ Historic Buildings The Blue Mosque is an architectural gem of the city.
🏴 Local Heritage The Armenian Genocide Memorial complex is a significant cultural symbol.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Dilijan National Park is perfect for nature lovers, located about 1.5 hours away.
🏞️ National Parks Nearby Designated parks like Khosrov Forest State Reserve are nearby for hiking.
🚲 Cycling/Walking Paths Yerevan's parks, like Lovers' Park, have scenic paths ideal for cycling.
🌄 Scenic Viewpoints The top of the Cascade offers stunning views of Mount Ararat.
🦉 Birdwatching Locations Lake Sevan area is known for various bird species.
🔥 Bonfire-Friendly Spots Designated areas in Armavir for bonfires and picnics.

Other Services and Amenities

📦 Parcel Delivery Service Fastex is a reliable courier service for international shipment.
🛠️ Tech Repair Services Apple Repair Service in Yerevan is a certified repair shop.
🏓 Table Tennis Spots Ping pong can be played at the Yerevan Sports School.
🧑‍🏫 Language Classes The AGBU Yerevan offers Armenian language classes for expats.
📚 Libraries & Study Spots The Yerevan State University Library is a quiet study place.
🏘️ Community Centers The Yerevan Community Center hosts cultural and social activities.
🕹️ Gaming Lounges Gaming House Yerevan provides a space to game and meet other gamers.
🎰 Casino & Gaming Halls Casino Shangri-La offers gaming entertainment for adults.

Business

🏢 Studio Purchase Price (City Center) Approx. $1,500 per m² (e.g., 40 m² = $60,000)
🏢 Studio Purchase Price (Outside City) Approx. $1,000 per m² (e.g., 40 m² = $40,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $2,000 per m² (e.g., 60 m² = $120,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,200 per m² (e.g., 60 m² = $72,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. $1,800 per m² (e.g., 80 m² = $144,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. $1,100 per m² (e.g., 80 m² = $88,000)
💼 Corporate Tax 20%
💵 Dividend Withholding Tax 10%
🏦 Tax System Residence-based taxation on worldwide income.
📈 Highest Income Tax Bracket 36%
🧾 VAT 20%
🌐 Controlled Foreign Company (CFC) Rules Yes, but the regulations are favorable for digital nomads.
🏠 Property Tax Annual property taxation is based on property value.
🏠 Property Transaction Tax 4% on property purchases.
💻 Attractive Tax System for Digital Nomads A 0% flat tax rate applies to income sourced outside Armenia for qualifying individuals.

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