Freedom Score

Cyprus to Armenia: tax & freedom compared

How does Armenia score against Cyprus? The Freedom Score weighs six dimensions, built on primary government sources.

Net per month€1,714
Per year vs. Cyprus-€3,038

Flat 20% tax · Low cost of living · Fast residence permit

Tax

55/100

Residency

90/100

Cost of living

99/100

Living environment

65/100

Mobility

90/100

Ownership

8/100

Compared by dimension

On an average Cyprus income of €28,800 gross per year, you keep €20,565 net in Armenia: a difference of €3,038 per year compared with Cyprus.

  • Tax: on this income Armenia lands at an effective rate of about 29%, against 18% in Cyprus.
  • Passport and mobility: from Armenia you travel visa-free to 65 countries.
  • Residency: on our accessibility scale Armenia scores 90 out of 100 for obtaining residency.
  • Living environment: banking, internet, safety and healthcare together give Armenia a living-environment score of 65 out of 100.

Frequently asked questions

What is the financial difference between Cyprus and Armenia?
On an average Cyprus income it differs by roughly €3,038 net per year. Your own figure depends on your income and situation; calculate it with the free freedom check.
Is this tax advice?
No. Libaros compares on the basis of primary government sources and provides information. For personal decisions, consult a qualified adviser.
What sources is this based on?
The Freedom Score uses the OECD Tax Database, IATA Timatic, the Henley Visa Index and Eurostat, with direct links to primary government sources.
Order report · €29

Figures from primary government sources. Information, not advice.

Sources

OECD Tax Database · IATA Timatic · Henley Visa Index · Eurostat