Comprehensive Employment and Tax Guide Armenia
General Overview
- Currency: Armenian Dram (AMD)
- Languages: Armenian
- Public Holidays: 12 days
- Capital: Yerevan
- Fiscal Year: 1 January - 31 December
- Minimum Hourly Wage: 500 AMD/hour
Tax Essentials
- Income Tax Range: 22%
- Other Taxes: VAT 20%
Social Security Contributions
- Employer Charges: Employer contributions 2.5%
- Employee Charges: Employee contributions 3.5%
Employment Contracts & Conditions
- Contract Types: Permanent, Temporary
- Trial Periods: Up to 3 months
- Paid Holiday: 20 days per year
- Salary Payment Frequencies: Monthly
- Termination Notice: 1 month
Legal Benefits for Employees
- Medical Coverage: Public healthcare system
- Common Non-Compulsory Benefits: Housing allowance, meal vouchers
Hiring Non citizen or resident
- Visa & Work Permits Obligation: Mandatory for non-citizens
- High-Skilled Worker Permits: Yes, specific work visa required
- Visa & Work Permits Timelines: 3-5 weeks, dependent on employer verification in Armenia
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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