Turkmenistan is a landlocked country in Central Asia. The country is ranked 165th freest economy in the world and is 38th out of 39 among the countries in Asia-Pacific. The country sits below regional and world economical averages. Although the country has major gas and oil exports, its internal political corruption and external influence makes it difficult for the country to prosper.
Ashgabat, Turkmenabat, Dasoguz
Engineering Professionals, Skilled Labor (Oil and Gas rigs)
Here are some jobs with average monthly salary in Turkmenistan:
|Job Title||Average Monthly Salary (in TMT)||Average Monthly Salary (in USD)|
|Information Technology Manager||9,030.00||2,577.36|
|Developer / Programmer||5,080.00||1,449.94|
|Business Development Manager||8,640.00||2,466.04|
Workers are paid either monthly or bi-monthly.
The minimum wage in Turkmenistan is TMT 1,160 per month.
Overtime in Turkmenistan is limited for four hours for two consecutive days only. With a maximum of 120 hours of overtime work per year.
The 13th-month pay is not mandatory in Turkmenistan.
Full-time employees in Turkmenistan are ensured to have insurance benefits such as
|Pension Insurance Payments||20|
|Professional Pension Insurance (For Hazardous Jobs Only)||3.5|
|Pension Insurance Payments (optional)||2|
The usual tax rate is 10% across all income classes.
The standard VAT in Turkmenistan is 15% while the export of goods (except oil and gas) and services is 0%.
The notice period before termination for probationary and regular employees depends on the contract between the two parties but is usually three days.
The severance pay in Turkmenistan depends on the duration of employment which ranges from ½ of a month to two months of salary.
In order to get a business visa in Turkmenistan, you first must have a Letter of Invitation (LOI) from the Turkmen State Migration Service. You can get the LOI from the following sources.
When you have the LOI, then you can apply your visa in your country’s Turkmen Embassy or Consulate. The documents will be provided upon your registration.