Investing in Armenia Tips for Repatriates

There are many ways to invest in Armenia and like any good enterprise, there is more than one way to go about it, but first, you should know why it's a good idea.  

Why Invest in Armenia as a Repatriate?

While many Repats come to Armenia in search of a better life, it is a verifiable fact that the more you become ingrained as a local the smoother your repatriation becomes. Investing in the country is one of the best ways to become more ensconced as a local, be of a benefit to your country, and to satisfy your desire to help the country in any way possible. Here are some unique ways to do that. 

Key Sectors for Investment in Armenia

Tech

The fastest growing enterprise in Armenia is also a great way to invest in Armenia. With startups growing at the rate they are and with ServiceTitan’s recent IPO, the Armenian tech industry is poised to grow more and more in the months and years to come. But you don’t have to be an Angel Investor or VC to invest in an Armenian startup, with Eqwefy you can own a portion of a startup before it goes public. 

Businesses

Life in Armenia being what it is, businesses will often require investors so that they can flourish beyond their limits. Because there is so much promise, platforms such as Invest.am connect investors to businesses where you can help put specific industries on the global map by supporting your “local” Armenian entrepreneur, and getting a return in the process. 

Beyond The Standard Investment

But it’s not just the private enterprises that have a market for investments. The environment, winemaking, communications, agriculture, and tourism are industries in Armenia that have a great demand for investors and know the right place to put your money. With the growing popularity of Armenia taking its rightful place on the world stage, now more than ever is a perfect time to leave your mark on the Armenian economy. 

Luckily there is a streamline path to do this and that would be to visit enterprisearmenia.am and get connected with the business you want to back. 

Be Your Own Investment

Of course, if you have a particular skill and want to invest in yourself, you always have the option of buying some land and starting your own business. Whether that means putting up a coffee shop in the city center of Yerevan or starting a farm in the hills of Shirak, investing in Armenia is every bit an investment in yourself. 

Steps to Start Your Investment Journey

What we recommend to those repats who want to start investing in Armenia is to learn about all the different avenues that they can invest in. You have to choose an industry that you will be comfortable with and are willing to be a participant in. Don’t go off and invest in a cause you don’t want to be a part of because your friend’s neighbor recommended putting all your money on the Armenian oil industry. 

After you’ve chosen the direction you want to take, do some research, ask around and see what the professionals have to say. These days, between the books, podcasts, and articles, you can become a moderate expert in 6 months on pretty much any field, and of course, you are more than welcome to come to us at Repat Armenia, and we will help you get on the path towards your investing potential. 

Once you’ve made the decision on where to invest, the rest should come naturally. Realize how much you’re willing to contribute, and accept what losses you may be willing to take, and of course, enjoy the outcome of the favorable investment you make. 

Challenges to Expect and How to Overcome Them

There are however, some challenges to deal with when investing in Armenia, such as: bureaucracy, business culture, and talent. 

These issues are found in every country in every enterprise but in Armenia, the solutions are more straightforward. The truth is that if you connect with qualified financial advisers and attorneys, you can mitigate any headache the bureaucracy has to offer. 

If you become more ensconced in your Armenian identity, you will get a feel for the business culture and learn how to navigate that arena…and you might find that it comes more naturally than you think.

While talent is becoming more and more enhanced in every industry day by day in Armenia, as a repat, you will bring in a fresh new perspective almost everywhere you go, and because of that you will have to implement best practices, courses, and invest in those who you partner with. Ultimately, you will grow your investment and invest in Armenia in more ways than one.