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We act as your Employer of Record in Armenia. When considering the expansion of your business on the international stage, INS Global’s Employer of Record 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.
Want to have a Team in Armenia TODAY?
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To begin operations on your own in Armenia, you would first have to understand the complex system of regulations required to set up and manage a new legal identity, then ensure complete legal compliance with every law relating to labor and tax.
Choosing to establish a new company in Armenia would mean being liable for every aspect of that company being fully operational and totally compliant before getting started on making it successful. It can be costly, involving large teams and many headaches, from legally hiring your employees to establishing back-end processes like tax compliance. From start to finish, the time required to start a company in Armenia could be as long as two months and can require several thousand dollars in fees in the first two years.
A knowledgeable PEO can do all of these things for you in a fraction of the time, allowing you to begin the tasks you need to complete to be successful from day one.
A PEO:
The Advantage in Figures
| PEO/EOR | Company Incorporation | |
|---|---|---|
|
|
||
|
Price |
80% Less Expensive |
|
|
Market Entry |
2-5 Days |
6 Months |
|
Employee Turnover |
Decrease by 14% |
|
|
Recommendation |
98% of the Current PEO Clients |
|
|
Administrative Fees |
Saves an Average of $450 |
|
|
Costly Payroll and Compliance Fines |
Help Avoid |
|
|
Company Growth Rate |
7 – 9% |
|
|
ROI |
27% |
|
|
Closed During Pandemic |
-58% |
|
|
|
|
|
PEO/EOR
Company Incorporation
Price
80% Less Expensive
Market Entry
2-5 Days
6 Months
Are You Commited to the Australian Market for More Than 5 Years?
YES
YES
YES
NO
EOR Services
YES
Ensure Total Legal Compliance
No need to worry about falling foul of any regulations. We take care of all compliance requirements.
Save Money
Avoid all the typical costs associated with company incorporation and any potential fees or fines
Reduce Unnecessary Tasks
We arrange all your HR needs allowing you to take care of the tasks that matter to your company’s success
Enter the Market in Days
Begin operations immediately and let us deal with the rest
Streamline Your Company Structure
Minimize your team and maximize your potential output by letting us take care of all the tasks that would typically go to an HR department
We provide a simple setup process to get you started in Armenia as quickly as possible.
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.
When considering a partnership with a PEO in Armenia, you will likely also hear the term EOR (Employer of Record). Typically, the two terms are largely interchangeable based on the kind of services they offer. The main difference between the two is the level of liability taken on by the PEO/EOR and the parties involved in the agreement.
In Armenia both services are indistinct according to national regulations, but INS Global can offer any elements of both according to your requirements
Check Our Labor Law Guides
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
Annual Leave in Armenia
Sick Leave in Armenia
Parental Leave in 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 Employer of Record services, you can potentially recruit or transfer employees locally and expand to a new market in less than a week.
Employer of Record service costs are linked directly to your employee‘s salary every month. They are generally calculated as a percentage of the employee‘s 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 employer‘s contribution for each employee‘s 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 Employer of Record 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.
A Global Employer of Record is an effective solutions for companies like yours that are looking to expand a workforce abroad effortlessly.
This approach allows you to outsource the international hiring process quickly and efficiency, providing access to a global talent pool while still managing payroll compliance in each country.
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Armenia
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