- Overview: Armenia
- Global HR Compliance
- Global PEO and payroll
- Expand without a company set up
- Contractor vs. employee: which is better?
Global PEO and Payroll in Armenia
Getting your business up-and-running in Armenia can be challenging, especially if you do not speak the native language. Establishing your own business entity in Armenia is an option to be considered as you expand abroad. But before you invest valuable resources in setting up business in Armenia, you should be fully aware of the risks involved.
Acumen’s Global PEO and Payroll solution was designed especially for companies like yours, to smooth the way for quick, easy and risk-free business operations in Armenia, without having to establish a legal business entity.
Acumen International – Your Professional Employer Organization in Armenia
Navigating the Armenian legal system and adhering to regulations governing employment and taxation can be challenging for businesses, especially if you are not a native Armenian speaker. Partnering with Acumen International as a global Professional Employer organization (PEO) provides you with the local knowledge and support you need to conduct business in Armenia without concern for legal and compliance risks.
Whether you represent international client companies or you are taking your own business operations abroad, Acumen International’s Global PEO and payroll service allows you to hire and payroll local and expat employees in Armenia. With Acumen in your corner, you can quickly and easily onboard and compensate your employees without risk of legal repercussions.
International Global Payroll and Taxation in Armenia
Employment related taxes
Corporate income tax (CIT). Armenian-resident entities, and non-resident entities doing business in Armenia through a Permanent establishment (PE), are liable for CIT. Armenia taxes residents on their worldwide income; non-residents are subject to Corporate Income Tax (CIT) only on their Armenian-source income.
The standard CIT rate is 18%.
Payroll Cycle in Armenia
Salaries are paid on a monthly basis. Payday is the 15th of the following month.
13th salary in Armenia
There is no mandatory or customary 13th salary payment in Armenia.
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How Acumen’s International PEO and Payroll Service can Benefit Your Business in Armenia
Compensating your local and expat workforce in Armenia and closely adhering to Armenian taxation requirements can divert your attention and resources from activities that help your business grow. A reliable global employment solution like Acumen’s Global PEO and Payroll service can take a substantial burden off your shoulders so you can focus on running your company.
Outsourcing the administrative and compliance tasks involved in employee payroll is one approach, but we have a better solution. Acumen International offers a global PEO and payroll solution that goes beyond outsourcing. We hire and compensate your global workforce on your behalf, and take care of all the details of payroll while ensuring full compliance with Armenian labor and taxation laws.
It is important to note that Acumen does not provide international global payroll services as a standalone solution, but only as a part of our global PEO and Payroll solution.
Our comprehensive global PEO and payroll services are just some of the benefits of partnering with Acumen International. We make it easy for you to achieve your business goals in Armenia by officially employing and compensating your best selected global talent – both locals and expats – without concerns for legal and compliance risks faced by global employers.
Disclaimer: Any of the above information is subject to changes imposed by Armenian laws. To get the latest updates on taxation in Armenia and in 190 countries worldwide, contact Acumen’s team of global employment experts.