A personal bank account in Armenia
A personal account with an Armenian bank, with a card and internet banking. Opened with your passport; a residence permit is not required.
- Remote work
- Payment platforms
- Stripe
Bank account opening in Armenia: comparing the options
The difference is not the price — it is who each option suits. The “Best for” column is the business profile the option is built around.
| Option | Best for | Timeline | Price |
|---|---|---|---|
| A personal bank account in Armeniayou are here | Remote work, payment platforms, stripe | 1–2 weeks | from $60 |
| A Payoneer account for a sole trader in Armenia | Freelancers, IT specialists, creators, developers | 1–3 days | from $100 |
| An Armenian bank card | Paying for subscriptions and services, shopping online abroad | 1–3 weeks | from $380 |
| Upwork payouts through a sole trader and residency in Armenia | Freelancers on Upwork who need a jurisdiction for receiving payouts, specialists moving their tax residency to Armenia, newcomers who need an account and an entity before registering on the platform, freelance agencies that need a working channel for payouts | 2–5 days | Upon consultation |
What the service includes
| Social card | |
| Multi-currency account | |
| Visa/Mastercard card | |
| Residence permit— billed separately |
Documents and programme requirements
- 1A passport
- 2A social card or a power of attorney
Related breakdowns
Taxes for sole traders in Armenia: 1%, 10% and more
Turnover tax in Armenia: 1% for activities on the high-tech list, 10% for other services, an AMD 115m threshold and fixed monthly contributions.
Georgia or Armenia: where to set up as a sole trader
A sole trader in Georgia from $170 with 1% tax against Armenia from $450 with a bank account: taxes, timelines from one day, remote registration.
A Schengen visa to Spain from Armenia: a step-by-step guide
From personal experience: a Schengen visa to Spain from Armenia without residency — documents, the social card, BLS booking, timings and fees.
We'll check your case before you pay
Send an enquiry — we will check your case and help you arrange “A personal bank account in Armenia” in Armenia. No markup on top.
We'll cover: whether you qualify, the full cost with fees, realistic timelines, the document list. If it's not for you, we'll say so.