Banking · Updated June 2026
How non-residents open a bank account in Armenia
Armenian banks are open to foreigners, but a little preparation makes the difference between a smooth appointment and a wasted trip. Here’s the process.
Whether you want a personal account or a corporate one for your company, the path is similar: get your social number, prepare your documents, pick the right bank, and attend the appointment in person. Below is what to expect.
What you’ll need
- Social number (Social Card) — increasingly required
- Rental contract or proof of address in Armenia
- Valid passport / ID
- Company registration documents (for a corporate account)
Step by step
- Choose the right bank. Banks differ on fees, English support, and openness to non-residents. We match you to one that fits your profile.
- Prepare documents. Get your social number and address sorted first — this is where most delays happen.
- Attend in person. Most banks require the account holder to be present; remote opening is rare.
- Activate and collect your card. We guide you until the account is live and the card is in hand.
Common pitfalls
- Arriving without a social number or proof of address.
- Choosing a bank that is cautious with your nationality or business type.
- Underestimating compliance questions about the source and purpose of funds.
Pairing this with company registration? Open the corporate account during the same visit. See our banking service and company registration.
Cost
Our guidance is $250 for a corporate or personal account, $450 for corporate + one personal, and +$220 per additional person. That covers bank selection, document prep and accompaniment.