How to hire remote employees in

Armenia

A small (and beautiful) country in the Caucasus region, Armenia’s a great place to hire. But if your company isn’t already established there, hiring might seem tricky—fortunately, there’s a way to hire in Armenia that won’t take you more than a couple of clicks. We’ll teach you about it in the next couple of minutes.

Country snapshot

CURRENCY
Armenian Dram (AMD)
EMPLOYER TAXES
0.0%
PAYROLL FREQUENCY
Monthly
OFFICIAL LANGUAGE
Armenian

What to know before you hire in 

Armenia

Laws about hiring are complicated, and the same is true in Armenia. But there are ways to sidestep the headaches—if your company hasn’t already established a physical presence in Armenia, you have two real options when it comes to hiring. We’ll detail both below.

If you want to successfully hire in 

Armenia

, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 

Armenia

. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 

Armenia

 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 

Armenia

Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 

Armenia

.

It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 

Armenia

 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

It’s less risky than hiring employees

Hiring employees is a bigger commitment, and generally puts you at a bigger risk for legal fees. When you hire contractors overseas, your biggest risk is misclassification—but even then, misclassification penalties are often minimal and just require you to pay off any compensation that the person would have been owed as an employee.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 

Armenia

?

If you’re hiring contractors in 

Armenia

, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 

Armenia

Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 

Armenia

If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Armenia than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Armenia.

Taxes in 

Armenia

Employer tax

Pension

Individual tax

Flat Rate - 23%

Leave

Paid Time Off (PTO)

The minimum annual leave is 20 working days for a five-day working week and 24 working days for a six-day working week.

Extended annual leave of up to 25 working days for a five-day working week, or 30 working days for a six-day working week (in exceptional cases, 35 working days for a five-day working week, or 42 working days for a six-day working week) is given to employees in working conditions, deemed stressful or high risk.

Public Holidays

There are 20 public holidays, 14 of which are non-working.

Sick Days

Employees provide paid sick leave to their employees from the 2nd to the 5th day. After the 6th employees are covered by social insurance.

Maternity Leave

Pregnant employees receive 140 days (70 days of pregnancy, 70 days of childbirth), 155 days (70 days of pregnancy, 85 days of childbirth) – complicated childbirth, 180 days (70 days of pregnancy, 110 days) in case of having more than one child at a time.

In case of premature birth, unused days of maternity leave are added to the days of maternity leave.

The daily benefit is 100% of the insured’s average monthly earnings (regardless of the number of years of covered employment) divided by 30.4 (average number of days in a month).

Paternity Leave

Fathers can take 5 days of paid leave within the first 30 days after the child is born.

Parental Leave

Parents is entitled to 5 days paid leave within the first month of the child’s birth.

Other Leave

None.

Marriage Leave

None.

Bereavement Leave

None.

Termination

Termination Process

In order to terminate an employee, an employer must have sufficient reasons and provide notice.

Notice Period

The notice period is determined by the length of employment.

up to 1 year of employment – no less than 14 days notice

1-5 years employments – 35 days notice

5-10 years of employment – 42 days notice

10-15 years of employment – 60 days notice

Severance Pay

Severance pay is determined based on the grounds of termination.

liquidation of the organization/reduction in the number of employees/recovery of the employee in the previous job 

  • Employees average monthly salary

an employee for non-compliance with the position held/Long-term disability of the employee/The employee is entitled to an old-age pension/Significant working conditions to change/employee to be called up for compulsory military service –

  • up to 1 year – 10 times the employees average daily salary
  • 1-5 years – twenty-five times the employees average daily salary
  • 5-10 years – 30 times the employees average daily salary
  • 10-15 years – 35 times the employees average daily salary
  • 15 or more years – 44 times the employees average daily salary

Probation Period

The probationary period is generally set at three months in the employment contract. Before the expiration of the probationary period, the employment contract can be terminated by notifying at least 3 days in advance.

Employee requirements in 

Armenia

Working Hours

Full Time employment is considered 40 hours weekly, and 8 hours daily.

Overtime

Employees earn 150% of their normal hourly rate for each hour of overtime work. Employees earn 130% of their normal hourly rate for each hour of night work.

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