Employer of Record Armenia | INS Global

Employer of Record Armenia

Expanding to Armenia? EOR (Employer of Record) Services Can Help You Hire Globally, Pay Locally, and Expand Effortlessly

When considering the expansion of your business on the international stage, INS Global’s EOR services prove to be the optimal choice for enhancing efficiency and productivity while ensuring regulatory compliance. Partnering with our seasoned Employer of Record in Armenia gives you the potential to seamlessly recruit and manage employees in less than a week without the need to establish a local entity, all while adeptly navigating the complexities of international expansion. 

Our services in Armenia provide a reliable, streamlined, and cost-effective solution for sourcing, employing, and overseeing local talent through our local Employer of Record. Armenia may be the next step on your journey, but with INS Global’s services spanning more than 100 countries worldwide, you gain the ability to efficiently oversee a diverse and globally dispersed workforce from virtually anywhere.  

Employer of Record Armenia - Summary

The Advantages of Using an EOR or Professional Employer Organization in Armenia

Legal Compliance Assurance

Choose an Employer of Record (EOR) service well-versed in Armenia’s regulatory landscape to assist you in recruiting and supervising an international workforce, ensuring meticulous legal compliance.  

Lower Expansion Costs

An Employer of Record in Armenia facilitates global growth and significantly reduces the typical expenses associated with expansion. Without the need to establish a new entity in Armenia, you can scale your operations with reduced operational costs. 

Focus on Growing Your Company

An Employer of Record in Armenia assumes all HR-related responsibilities, streamlining your operations and giving you the freedom to focus entirely on the international goals of your business. 

Expand Effortlessly

Creating a new company in Armenia can be time-consuming, taking anywhere from 4 to 12 months. In contrast, partnering with a local Employer of Record in Armenia expedites the expansion process, enabling you to enter the Armenian market in as little as a week. 

Manage Your HR Online

INS Global provides an efficient means for you to manage your diverse, global workforce online through a cutting-edge digital platform. With our advanced cloud-based HR system, you can easily oversee all your employees and their needs remotely with digital payroll tailored to Armenia’s digital landscape. 

Why Choose an EOR in Armenia Over Company Incorporation?

Opting for EOR services in Armenia streamlines the entire expansion process, allowing you to get to work in Armenia in as little as a week.  

Working with an Armenian EOR… 

  • Saves time on expanding  
  • Lowers expansion costs 
  • Ensures legal compliance 
  • Allows you to focus on growing abroad 
testimonial from Manuel Ramos

Testimonial

Manuel Ramos

TERAO ASIA

Managing Director

We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately. 

5/5

How Does an EOR In Armenia Work?

INS Global’s EOR in Armenia allows your company to expand abroad in just 4 simple steps, adapting your HR processes specifically to the Armenian business environment. 

  1. We work with your business to create a tailored expansion plan. 
  2. Our organization provides the legal entity needed to help hire and manage staff, ensuring compliance with Armenia’s legal requirements. 
  3. We handle HR-related tasks such as hiring, contract management, and payroll management to ensure local compliance upon entry to Armenia. 
  4. Your employees can focus on your goals while we take care of HR and legal compliance, providing a seamless transition and continued level of protection in the long-term

What are the Differences Between PEO And Employer of Record Services in Armenia?

A PEO (Professional Employer Organization) in Armenia handles a range of Human Resources tasks, acting as a strategic HR partner. On the other hand, an EOR (Employer of Record) possesses the legal authority to hire and manage employees on your behalf, streamlining the entire process along with all HR processes from start to finish in accordance with Armenia’s employment regulations. 

INS Global offers both choices, ensuring that whether you need an EOR or PEO in Armenia, you have the support you need to expand comfortably with flexibility tailored to your needs. 

Labor Law in Armenia

Employment Contracts in Armenia

  • Professional employment in Armenia starts with an official letter of employment. 
  • In most cases, employers can include a 3-month probation period in their contracts.  
  • An employment contract should specify and describe the employee’s role in detail. 
  • An employer can end the contract early if the employee violates the conditions of their employment contract. 
  • Employees are entitled to 14 days of notice. This increases to 2 months if the company is in liquidation. 
  • Severance pay is required for employees being let go in Armenia. This can range from 2 weeks’ pay to 1 months’ pay depending on the cause of dismissal. Redundancy often comes with larger severance agreements. 

Working Hours in Armenia

  • The working week in Armenia runs from Monday to Friday. 
  • Requesting work to be done on the weekends is allowed with the agreement of the employee, but usually comes with a higher hourly rate. 
  • Full-time employees generally work 8 hours per day, 40 hours per week. 
  • Part-time employees work 20 hours per week. 
  • Employees are entitled to a higher hourly rate for overtime. This is generally 150% of the normal hourly rate. 

Annual Leave in Armenia

  • Armenia has 15 official national holidays. 
  • Employees are entitled to 28 days of paid annual leave every year.  
  • Employees can get up to 35 days of leave if they are working in hazardous conditions. 

Sick Leave in Armenia

  • If an employee is ill and can’t come in to work, they are entitled to 30 days of unpaid leave.  
  • A sick leave allowance after 30 days can be claimed from social security as employers have no responsibility to pay employees during this time. 
  • A valid doctor’s note should be submitted to HR as soon as possible upon taking leave. 

Maternity / Paternity Leave in Armenia

  • According to Armenian law, female employees are entitled to 140 days of maternity leave. 
  • Maternity leave extends from 70 days before birth to 70 days after birth. 
  • This leave can be extended to 155 days if there are complications at birth.  
  • Maternity leave can also be extended to 180 days for multiple births.  
  • Male employees are entitled to 5 days of paternity leave. 

Tax Laws in Armenia

  • Employers in Armenia are responsible for withholding all taxes and social contributions from their employee’s salaries. 
  • Employee contributions toward pensions can be up to 5% of the monthly gross salary if it’s less than 500,000 AMD. 
  • Employer contributions can be 10% of the monthly gross salary, but not more than the maximum threshold minus 25,000 if the salary is more than 500,000 AMD. 
  • The corporate income tax rate is set at 18% for both local and foreign companies. 
  • Personal income tax is a flat rate of 23% of all income. 
Employer of Record Armenia

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FAQs

While setting up a local entity is popular, working with a local Employer of Record is more efficient in Armenia. Employer of Record services include local expertise that help with hiring and managing staff on your behalf. 

An Employer of Record in Armenia handles all kinds of HR-related tasks. This includes payroll, tax compliance, employment contracts, social security, and more. This ensures compliance for your entire international workforce. 

Establishing a new company abroad can take anywhere from a few months to a year. However, with INS Global’s EOR services, you can potentially recruit or transfer employees locally and expand to a new market in less than a week. 

EOR service costs are linked directly to your employees salary every month. They are generally calculated as a percentage of the employees salary and include all the HR functions needed to ensure compliant employment in Armenia 

Yes, working with an Employer of Record in Armenia is a cost-effective and efficient solution that streamlines your expansion strategy while reducing costs. 

Salaries are typically processed on a monthly basis for full-time employees. 

While recruitment in Armenia comes with a wide range of costs, INS Global simplifies remote recruitment, hiring, and staff management, reducing the costs of finding and managing an international workforce. 

Yes, an Employer of Record in Armenia can recruit and hire employees from all regions in Armenia, allowing you to expand quickly across the country. 

Modifications to employment contracts require mutual agreement.  

Absolutely, employers in Armenia are responsible for withholding taxes and social contributions from employee salaries before payments are processed, as well as making an employers contribution for each employees social security. 

INS Global tailors its services to your specific needs, helping you with recruiting and hiring as many or as few employees as you need for your expansion plans. 

Severance pay is required for employees being let go in Armenia. This can range from 2 weeks pay to 1 month‘s pay, depending on the cause of dismissal. Redundancy often comes with more significant severance agreements. 

In Armenia, you can hire employees for in-person and remote opportunities, allowing you to reduce your overheads while expanding to new markets. 

Yes, our local experts have extensive experience in recruiting top talent from around the world. We provide support in recruiting, hiring, and managing your workforce, regardless of your location. 

Armenia observes 15 public holidays where employees are entitled to a paid day off. Working on these holidays usually also involves a higher hourly rate. 

Employers must comply with complex labor laws and regulations to avoid costly penalties and fines. Collaborating with an experienced EOR in Armenia ensures compliance during efficient expansion. 

Yes, INS Global helps with the hiring and management of a diverse workforce, making hiring both Armenian citizens and foreigners simple. 

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