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Talent Wiki – Armenia

Your quick guide on talent and labor compliance norms in Armenia

Capital

Yerevan

Currency

Armenian Dram (AMD)

Languages

Armenian

Payroll Frequency

Monthly

GDP per Capita

$5,491

Employer Tax

No Contribution

Talent Overview

Armenia, a developing country in western Asia, built its economy on mineral extraction and industrial output. Armenia, located at the border, is a member of many regional organizations in Asia and Europe. The country ranks high on the Safety Index and has low crime levels.

Major economic hubs:

Yerevan, Gyumri, Vanadzor

Skills in demand:

Sales Consultants, Service Manager, Accountants, Administrative Staff

Map 33

Local Universities

The top local universities in Armenia are as follows:

Uni1 57

Yerevan State University

Ranking

Local: 1

World: 3274

Uni2 50

American University of Armenia

Ranking

Local: 2

World: 3551

Armenia Uni3

Russian-Armenian University

Ranking

Local: 3

World: 5865

Armenia Uni4

National Polytechnic University of Armenia

Ranking

Local: 4

World: 7268

Uni5 39

Yerevan Brusov State University of Languages and Social Sciences

Ranking

Local: 5

World: 7301

Salary Data

The following table mentions the average monthly salary of some common jobs in Armenia

Job Title Average Monthly Salary (AMD) Average Monthly Salary (USD)
Accountant 567,000  1,467
Accounting Manager 1,150,000  2,976
Financial Analyst 1,010,000  2,614
Sales Manager 1,330,000  3,442
Network Engineer 687,000  1,778
Office Manager 721,000 1,866
Talentsource 37

Talent Sourcing Tips

Top Local Job Boards:

Staff.am, Myjob.am, Jobfinder.am, HR.am, Job.am

Number of LinkedIn users:

248,300

Top Recruitment Agencies:

Career Center, Staff.am, Tanger

Employing in Armenia

Armenia has well-established labor laws, generally favoring employees. Learn more about the various conditions and regulations in the following paragraphs for smooth and regulated employment in Armenia.

Employee Contract

It is legally required to have a written employment contract in the local language.

Probation Period

The probation period for newly hired employees in Armenia is one month.

Public and Provincial Holidays

Date Name Type
1 Jan New Year’s Day National holiday
2 Jan New Year’s Day (Day 2) National holiday
6 Jan Christmas Day National holiday
28 Jan Army Day National holiday
8 Mar International Women’s Day National holiday
24 Apr Genocide Remembrance Day National holiday
1 May Labor Day National holiday
9 May Victory and Peace Day National holiday
28 May Republic Day National holiday
5 Jul Constitution Day National holiday
21 Sep Independence Day National holiday
31 Dec New Year’s Eve National holiday

Employee Leaves

Type of Leave Time Period Mandatory
Annual/Earned Leave 28 days Yes
Sick Leave 5 days Yes
Maternity Leave 140 days Yes

Payroll

Payroll 1

Payroll Cycle

Armenia follows a monthly payroll cycle, with payments made by the 15th of next month.

Payroll 2

Minimum Wage

Armenia’s minimum wage is 75,000 Armenian dram per month.

Payroll 3

Overtime Pay

Armenia does not allow overtime beyond 4 hours per every two days and is limited to 180 hours a year. Rates of compensation for overtime at various times are mentioned below:

Bonus

13th Month Pay:

The 13th month pay is not mandatory or customary in Armenia.

Employee Benefits:

  • Specialist healthcare
  • Hospitalization charges
  • Laboratory charges
  • Dental care
  • Maternity care
  • Transportation
  • Employer-discretion bonuses

Taxes

Employer Payroll Tax

There is zero percentage of employer contribution in Armenia.

Employee Payroll Tax

Payroll Item Contribution
Pension fund (if monthly gross income less than 500,000 AMD) 4.5%
Pension fund (if monthly gross income above 500,000 AMD) 10%

Employee Income Tax

Income tax is followed at a flat rate of 21%.

VAT

The standard VAT rate is 20%.

Offboarding & Termination

Employees can be terminated on a valid reason and with adequate notice.

The notice period followed in Armenia is 5 days.

The severance pay based on the length of employment is as follows:

Term of employment Severance Pay
Less than 1 year 10 days’ wage
Above 1 year and less than 5 years 25 days’ wage
Above 5 years and less than 10 years 30 days’ wage
Above 10 years and less than 15 years 35 days’ wage
Over 15 years 44 days’ wage

Visa and Immigration

The following documents are necessary for a foreign national to work in Armenia:

  • Armenian Visa
  • Work permit (except for specialists, business owners, executives, and certain other categories of workers)
Visa 38
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Payroll

Minimum Wage

Overtime Pay

Overtime period Compensation Rate
On weekdays Premium of 50%
Night work Premium of 30%
On Public holidays and other non-working days Premium of 100% (or an extra day off)
Hard/dangerous labor Premium of 30%
Extremely hard labor Premium of 50%

Visa & Immigration