Facts & Stats
- Capital city
Armenian dram (֏, AMD)
- Population size
- Ease of doing business
- Cost of living index
$ (113 of 139 nations)
- Payroll frequency
- VAT - standard rate
- GDP - real growth rate
Armenia is one of the world’s oldest countries. Its capital, Yerevan, was established before Rome, and the country is home to several ancient historical sites, including some of the world’s oldest churches. A former member of the Soviet Union, some of Armenia’s primary industries include manufacturing, mining, textiles, and agriculture. Armenians are avid chess players, and Armenia is the only country in which chess is a mandatory part of public education.
Grow your team in Armenia with Remote
Looking to employ workers in Armenia? Companies hiring in Armenia must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Armenia on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Armenia team. You can also pay contractors now in Armenia with Remote in some currencies (talk to an expert now for full details).
Risks of misclassification
Armenia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Armenia may lead to fines and penalties for the offending company.
Employing in Armenia
Armenia’s labor laws provide considerable protections for workers in the country. Employers over a certain size may not pay workers in cash, and workweeks typically cannot exceed 48 hours per week, including lunch and breaks. Employees are generally protected against abrupt termination (Armenia is not an “at-will” employment country), and there are special rules that apply for layoffs of multiple people. Companies should consult an experienced partner when drafting employment contracts.
To employ workers in Armenia, contact Remote to learn more about your options.
In Armenia, the minimum wage is 68,000 AMD per month.
For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
We can help you get a new employee started in Armenia fast. The minimum onboarding time we need is only 10 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
12 Public holidays
Competitive benefits package in Armenia
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
Our benefits packages in Armenia are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Taxes in Armenia
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Armenia.
Total Cost of Employment
Types of Leave
Paid Time Off is 20 days for all employees with a 5 day work week and 24 days for employees with a 6 day work week. Extended annual leave of up to 25 working days is granted to certain categories of employees whose work involves great nervous, emotional, intellectual strain or professional risk. Every employee is also entitled to 12 paid public holidays every year.
Employees in Armenia may only be terminated for one of the reasons outlined in Armenia’s labor laws. Some of these reasons include loss of confidence in the employee’s ability to perform the duties of the role, unexcused absences, and refusal to cooperate with a medical exam. Reasoning for termination should be provided to the employee in writing.
Notice periods in Armenia increase depending on the tenure of the employee. These periods may vary greatly depending on individual circumstances. Here are a few of the most common situations:
Employees on probationary periods are entitled to three days of notice.
Employees leaving by mutual agreement are entitled to seven days of notice.
Employees being terminated because of a change in the essential terms of the employment are entitled to 14-60 days of notice, depending on tenure.
Employees and employers ending a fixed-term employment agreement must provide 10 days of notice to the other party.
There are many other circumstances in which notice periods may change. If you employ someone in Armenia through Remote and have questions about terminations, our legal experts can provide information specific to your situation.
In Armenia, severance pay amounts vary depending on the tenure of the employee and the reason for termination. For layoffs and employees made redundant, one month’s salary is the norm. In other situations, two weeks’ salary is the norm, unless an employment agreement stipulates otherwise.