Non-Residency Criteria as Part of the Lending Terms Herein

The individual (the Borrower and the Co-Borrower) is not a resident in the Republic of Armenia whenever s/he meets any of the terms below:

only a foreign citizen who has not submitted  residence card in the Republic of Armenia

an Armenian citizen who, however:

1) resides in a foreign country for 183 days and over, or

2) has his/her main source of income in another country

a dual citizen (a citizen of Armenia and a foreign country) who, however:

1) resides in a foreign country for 183 days and over, or

2) has his/her main source of income in another country

Documents supporting Borrower's non-resident status*:

Income statement issued by a tax or any other competent authority of the given state as a supporting document covering at least the past 6 months' records

Bank account statement reflecting the credited funds proceeding from the main activity in the given country at least in the past 6 months

Reference from work (if necessary upon the  Bank's further request)

Reference provided by a competent authority of the given state on registration or de facto residence in another country

Other necessary documents: upon the Bank's further request

Other document:

In the event of not being married, a declaration on the single status authenticated by a notary or a consular office of the given state.
If the Borrower is a citizen of another country and is in the Republic of Armenia, the declaration shall be authenticated by the given foreign country's consular office in the Republic of Armenia.

*Attention!

Documents issued by the competent authorities of a foreign state (identity document, marriage certificate, power of attorney, declaration) shall be authenticated by a notary (corresponding authority) and confirmed by an apostille, or authenticated by consular offices of the Republic of Armenia abroad, with no apostille being required by consular offices in the CIS countries and in Georgia.

Documents issued in a foreign language, including in English and Russian, shall be translated into Armenian and authenticated by a notary.