Where should I setup a bank account in Armenia?

"Expats considering retiring in Armenia, should be aware of several factors to ensure a smooth transition and comfortable retirement. Firstly, it is essential to research the cost of living, which is generally lower than in North America and Europe, but can vary depending on lifestyle choices and location within the city. Healthcare in Armenia is of good quality, with both public and private options available. Expats should consider obtaining private health insurance to ensure access to the best facilities and specialists. The official language in Armenia is Spanish, so learning the language will be beneficial for day-to-day interactions and integrating into the local community. Many locals may not speak English, so communication can be challenging without basic Spanish skills. Armenia has a pleasant climate, with warm temperatures and moderate rainfall throughout the year. However, expats should be prepared for the possibility of earthquakes, as Colombia is located in a seismically active region. Safety and security should be a priority for expats retiring in Armenia. While the city is generally safe, it is essential to be aware of your surroundings and take precautions to avoid becoming a victim of crime. This includes avoiding certain neighborhoods, not displaying valuables, and being cautious when using public transportation. Housing options in Armenia are diverse, ranging from modern apartments to traditional houses. Expats should research the different neighborhoods and consider factors such as proximity to amenities, safety, and transportation options when choosing a place to live. It is crucial for expats to understand the visa and residency requirements for retiring in Armenia. This may involve obtaining a pensioner visa or another type of long-term visa, depending on individual circumstances. Consulting with an immigration lawyer or expert is recommended to navigate the process. Finally, expats should familiarize themselves with the local customs, culture, and etiquette in Armenia. This will help in building relationships with locals and adapting to the Colombian way of life. Embracing the local culture and participating in community events can greatly enhance the retirement experience in Armenia," remarked another expat who made the move to Armenia, Colombia.