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
$5,971
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
Local Universities
The top local universities in Armenia include:
Yerevan State University
Ranking
Local: 1
World: 3411
American University of Armenia
Ranking
Local: 2
World: 3717
Russian-Armenian University
Ranking
Local: 3
World: 5304
National Polytechnic University of Armenia
Ranking
Local: 4
World: 7303
Yerevan Brusov State University of Languages and Social Sciences
Ranking
Local: 5
World: 7522
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 | 1,444 |
| Accounting Manager | 1,150,000 | 2,930 |
| Financial Analyst | 1,010,000 | 2,573 |
| Sales Manager | 1,330,000 | 3,388 |
| Network Engineer | 687,000 | 1,750 |
| Office Manager | 721,000 | 1,837 |
Talent Sourcing Tips
Top Local Job Boards:
Staff.am, Myjob.am, Jobfinder.am, HR.am, Job.am
Number of LinkedIn users:
312,700
Top Recruitment Agencies:
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 2023
| 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 | Labour Day/May 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 Cycle
Armenia follows a monthly payroll cycle, with payments made by the 15th of next month.
Minimum Wage
Armenia’s minimum wage is 55,000 Armenian dram per month.
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)
