Payroll Cycle
Minumum 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%
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Talent Wiki - Armenia

Your quick guide on talent and labor compliance norms in Armenia
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Capital
Yerevan
Currency
Armenian Dram (AMD)
Languages
Armenian
Payroll Frequency
Monthly
GDP per Capita
4760 USD
Employer Tax
0%

Supplementary Guide for Employment and Expansion in Armenia

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 are listed below:

Yerevan State University

RANKING

Armenia : 1

World : 2829

American University of Armenia

RANKING

Armenia : 2

World : 3481

Armenian National Agrarian University

RANKING

Armenia : 3

World : 4653

Russian-Armenian University

RANKING

Armenia : 4

World : 5961

Yerevan Brusov State University of Languages and Social Sciences

RANKING

Armenia : 5

World : 6537

Salary Data

The monthly salary data of a few job title in Armenia are:

Job Title Average salary (AMD) Average Salary (USD)
Accountant 567,000 1,263.04
Accounting Manager 1,150,000 2,561.73
Financial Analyst 1,010,000 2,249.87
Sales Manager 1,330,000 2,962.71
Network Engineer 687,000 1,530.45
Office Manager 721,000 1,606.20

Talent Sourcing Tips

Top Local Job Boards: 

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

Number of LinkedIn users:

260,000

Top Recruitment Agencies:

Career Center, Staff.am, Tanger

Employing in Armenia

Armenia has well-established labor laws, generally favoring the employees. Learn more about the various conditions and regulations in the following paragraphs to have 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
30 Apr Citizens' Day National holiday
1 May Labor 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.

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Minimum Wage:

The minimum wage followed is AMD 68,000 or 151.48 USD per month.

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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:

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Health Examination Clause

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
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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

Termination Process

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

Notice Period

The notice period followed in Armenia is 5 days

Severance Pay

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

Term of employment Notice period
Less than 1 year 10 days’ wage
Above 1 year and less than 5 years 25 days’ wage
Above 5 year 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)
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