18. Is there a limit on the amount a donor can contribute to a candidate?

Article 115, Section 2, RA Electoral Code, 2021.
Հոդված 115, Մաս 2, ՀՀ Ընտրական Օրենսգիրք, 2021.

Donations to a specific candidate are only applicable in Armenia for municipal elections in cities with less than 4000 electors (which use the majoritarian system). Campaigns in larger cities and at the national level are conducted with closed party lists, and campaign finances are handled by the political party.

Municipal elections in cities with under 4000 electors (using the majoritarian system):
Candidates included on the party list: 150,000 AMD
Other eligible physical persons: 50,000 AMD

Legal persons are not allowed to donate to a candidate's pre-election campaign fund.