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SALARY PAYMENT IN Armenian Dram (AMD)
CONTRACT LANGUAGE Armenian / English
PAYROLL TAX Varies
PAYROLL CYCLE Monthly
TIME TO HIRE 24 hours
Get Started
Hire and pay talents
with Horizons in
180+ countries
Horizons ensures day-to-day guidance to help your business navigate Armenia labor laws and regulations. Horizons also ensures payroll is processed weekly or fortnightly (the standard periods in Armenia), and that taxes are withheld as required. As the Armenia Employer of Record, Horizons is responsible for employee income tax withholding, payment of payroll taxes to state authorities, and submission of tax returns to the Armenia Tax Office. Partnering with our Armenia PEO is the quickest and most cost-effective way to enter the Armenia market.
PEO Platform Hire in Armenia, and pay employees through our platform or app. | PEO Cost Our Armenia PEO solution is the most affordable on the market. | Time-to-hire Fast onboarding in Armenia, hire in as little as 24 hours. |
Contracts We draft labor contracts compliant with Armenian labor law. | Local Benefits We administer all mandatory benefits and contributions in Armenia. | 185+ Countries It doesn’t stop with Armenia — we are an international PEO |
Employers in Armenia are legally required to provide a full written employment contract for every employee. Employment contracts should include any details of the employment such as salary, expected working hours, and any other relevant information to match the country’s Labor Code. The contracts should be written in Armenian and use the local currency of the Armenian dram.
Probationary period | 3 months (max.) |
Termination notice period | 2 weeks notice period: During probation 1 month notice period: If employee-related termination (excl. gross misconduct) 2 months notice period: If business-related termination |
Severance | 2 weeks’ salary: During probation 1 month’s salary: If employee-related termination (excl. gross misconduct) 2 months’ salary: If business-related termination |
Probationary period | 3 months (max.) |
Termination notice period | 2 weeks notice period: During probation 1 month notice period: If employee-related termination (excl. gross misconduct) 2 months notice period: If business-related termination |
Severance | 2 weeks’ salary: During probation 1 month’s salary: If employee-related termination (excl. gross misconduct) 2 months’ salary: If business-related termination |
The standard working week in Armenia is 40 hours, composed of five eight-hour days. Work beyond this should be compensated at overtime rates, which are usually at least 150% of normal pay. Overtime cannot exceed four hours per day and/or eight hours per week.
Quick, compliant hiring in 24 hours—no subsidiary required.
There are several annual public holidays in Armenia, for which most employees receive the day off work:
Armenia has a range of national public holidays that are celebrated annually. In 2023 these holidays are:
Date | Holiday name |
---|---|
1 Jan Sunday | New Year’s Day |
2 Jan Monday | New Year’s Day (Day 2) |
6 Jan Friday | Christmas Day |
28 Jan Saturday | Army Day |
8 Mar Wednesday | International Women’s Day |
24 Apr Monday | Genocide Remembrance Day |
1 May Monday | Labour Day/May Day |
9 May Tuesday | Victory and Peace Day |
28 May Sunday | Republic Day |
5 Jul Wednesday | Constitution Day |
21 Sep Thursday | Independence Day |
31 Dec Sunday | New Year’s Eve |
In Armenia, employees receive a minimum of 20 days of paid vacation annually.
For non-work-related absences due to sickness, employers in Armenia are required to retain the employee’s position for a period of up to 120 continuous days (or 140 total in a year), and employees can receive full pay and benefits during their absence.
For single births without significant complications, female employees in Armenia are entitled to 140 days of paid maternity leave, with 70 days to take before giving birth and 70 after. The compensation during this time is limited to 5x minimum wage.
In most cases, the notice period for employee terminations in Armenia varies between five and seven days depending on the length of service. Severance pay of one month of salary is also required for employees being made redundant.
Probation periods in Armenia are limited to three months.
Employees in Armenia born in or later than 1974 must pay towards social security. This is between 5% and 10% of monthly income, depending on income level, and an administrative fee of 1.5% of the balance.
Employers must pay a standard rate of 7,000 drams per month to employee social security, plus 15% of salary for 20,000 to 100,000 drams in earnings and 5% of any earnings above 100,000 drams.
Personal income tax in Armenia is set at a flat rate of 23%, and this figure is set to gradually fall to 20% by 2023.
Corporate tax in Armenia is 18%.
Healthcare in Armenia is generally state-funded, so employers are not expected to provide private medical insurance.
Setting up a system of employee benefits for your employees in Armenia can be difficult. The complex regulations and organization can require a lot of time, effort, and investment on the part of employers.
Horizons can help you avoid this complex part of your Armenian expansion, saving you time and money and simplifying the entire process. Our Armenia PEO team will offer advice and outsourcing of your benefit system setup and management, giving you time to focus on the other important elements of your expansion.
With Horizons, you get quick service, transparent pricing, and expert support.
An Armenia PEO and an Armenia EOR are two types of companies which specialize in providing human resources services to businesses in Armenia.
The main difference between an Armenia PEO and an Armenia EOR is in the scope of their services.
Armenia PEOs provide a full range of HR services, including payroll, benefits administration, and employee recruiting—all under one roof as a co-employer. Engaging an Armenia PEO is essentially outsourcing your HR duties in Armenia.
Armenia EORs actually take over as the legal employer of your employees based abroad. Armenia EORs become responsible for labor compliance for your employees in Armenia.
At Horizons, we offer both PEO and EOR services in Armenia. Get in touch now and let us know what service you are seeking.
A PEO in Armenia can feasibly hire both local and foreign nationals to work in Armenia.
However, the ability of Horizons to sponsor your foreign national employee in Armenia may be limited due to visa quotas practiced in many countries.
Contact us with your requirements and our Global Mobility team with review the case and get back to you within 2 business days.
In most cases, Horizons’ Armenia PEO can hire & onboard your employee within 24 hours. The actual start date of the employee will depend on their notice period obligation to their previous employer as well as any relevant hiring rules in Armenia.
It is possible to get a work visa in Armenia. Horizons’ Global Mobility team is a dedicated team of work visa experts. They assess the details of each case to determine feasibility and costs before Horizons applies for the work visa on behalf of your employee. If the Global Mobility team determines that your case is feasible, the process is smooth and transparent. Visa spots in Armenia are limited, however—get started today to secure your employees’ visa spot.
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