Armenia encourages foreign trade and investment, and the laws allow foreigners to purchase businesses and property, repatriate revenue and profits, and receive compensation if property is nationalised.
Armenia is a relatively easy country in which to do business. The World Bank study, Doing Business 2012, ranked Armenia as the 55th easiest country to do business out of 183 countries surveyed.
Foreign investors may invest in Armenia real estate directly, or through a local company or a non-resident company.
Foreign investors are free to purchase Armenian properties in their own names, but they may not purchase the land that the property sits on.
There are no restrictions on land ownership by Armenian companies, even if 100% owned by foreign investors. Land may be leased (normally for 99 years) by foreign investors.
Source : PWC