🇲🇨 Monaco vs 🇦🇲 Armenia
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇲🇨 Monaco | 🇦🇲 Armenia |
|---|---|---|
| Tax System | Zero Tax | Flat Tax |
| Income Tax (Foreign) | 0% | 20% flat |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 25% (non-Monaco revenue) | 18% |
| Residency Requirement | €500k+ deposit | Easy residency |
| Minimum Stay | None | None required |
| Cost of Living | Very High ($8,000+/mo) | Very Low ($800-1,500/mo) |
🇲🇨 Monaco
Highlights
- ✅Zero personal income tax
- ✅Ultra-safe
- ✅Mediterranean climate
- ✅Prestigious address
- ✅EU border access
Considerations
- ⚠️Extremely expensive
- ⚠️Tiny country
- ⚠️Hard to get residency
Best For
- 👤Ultra-high-net-worth
- 👤F1 enthusiasts
- 👤Yacht owners
🇦🇲 Armenia
Highlights
- ✅Zero capital gains tax
- ✅Low flat income tax
- ✅Easy residency
- ✅Very low cost of living
- ✅Tech scene growing
Considerations
- ⚠️Regional tensions
- ⚠️Not EU
- ⚠️Limited infrastructure
Best For
- 👤Tech startups
- 👤Budget-conscious
- 👤Remote workers
Which Should You Choose?
Choose Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
Choose Armenia if: You prioritize zero capital gains tax and low flat income tax. Ideal for tech startups, budget-conscious, remote workers.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.