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Why use an employer of record services in Armenia?
Armenia is a gateway to Europe and Asia, with a booming IT sector, a skilled multilingual workforce, and a thriving startup scene.
By partnering with Team Up, you can skip the complexities of setting up a legal entity. We handle compliance with local employment laws, saving you time and resources while connecting you to Armenia’s talented workforce.
“Ողջույն”
Capital
Currency
Language
Population
Yerevan
Armenian Dram (AMD)
Armenian
2.9 M
Payroll & taxes in Armenia
Employer | Employee | Other |
|---|---|---|
18% Corporate tax rate | 20-36% Income tax rate (progressive) | 20% VAT |
10% Pension contribution | 2% Pension contribution | 10% Dividends, Royalties |
Paid leaves
Paid time off
After 11 months of service employees are entitled to 20 days of paid leave annually, plus 12 unpaid days off work every year
Sick leave
The first 5 days are paid by the employer, while subsequent days are covered by social insurance
Public holidays
Armenia recognizes 12 public holidays as listed bellow
Paternity leave
Fathers are entitled to 5 days of paid paternity leave within 30 days of the child's birth
Maternity leave
Female employees are entitled to 140 days fully paid, with extensions for complications or twins. The maternity benefit equals 100% of the average monthly salary (up to a specified cap)
Public holidays in Armenia
January | March | April | May | July | September | December |
|---|---|---|---|---|---|---|
1 New year's day | 8 International women's day | 7 Motherhood and beauty Day | 1 Labor day | 5 Constitution day | 21 Independence day | 7 Earthquake memorial day |
2 New year's day | 24 Genocide remembrance day | 9 Victory and peace day | ||||
28 Army day | 28 First republic day |
Orthodox Easter
4 Days
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account executive
Tekla Bukhrashvili
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FAQ
What is an Employer of Record (EOR) in Armenia?
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What are the main benefits of using an EOR service in Armenia?
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How do Armenian labor laws affect foreign companies hiring locally?
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What are the challenges of remote hiring in Armenia?
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What’s the hiring process like through an EOR?
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How does Armenia’s tax system impact businesses?
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Does an EOR protect data and records for employees?
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