Payroll in Armenia

Expand into Armenia with a Global Payroll Provider

  • Leverage our experience and ensure in-country Payroll compliance.

  • A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.

  • A dedicated team and account manager so that you always have a central point of contact.

  • Pay every employee accurately and on time.

Hiring in Armenia

Situated in the Caucuses, Armenia is an ancient country and was the first to adopt Christianity as its official religion. Today, Armenia is a diverse nation dealing with both independence following the dissolution of the Soviet Union and an ongoing conflict with neighbouring Azerbaijan.

Looking for a payroll solution in Armenia?

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Armenia’s economy is centred around manufacturing and agriculture and its main exports are copper and gold. Armenia has a GDP of around $13.6 billion. It’s 2.9 million citizens are highly literate, highly educated and the main languages are Armenian (native language), Russian (95% speak some Russian) and English (around 40% speak English).

Armenia has had a liberal policy to foreign investment in place since the 1990s, so setting up companies and hiring Armenians is often quite straightforward. However, local customs and an often informal approach to employment must both be taken into account, making the use of an intermediary to hire in Armenia a good option.

Why use TopSource Worldwide in Armenia?

We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.

We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.

Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.

  • Leverage our experience and ensure in-country Payroll compliance.
  • Reduce processing and back office time.
  • Align processes, reducing complexity and risk
  • A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
  • Flexibility of service — adapting to your needs, regardless of the market.
  • The option to work with other providers you already have in place, if needed.
  • Global HR data management and data tracking where required.
  • Global payments support for both employees and authorities.
  • A dedicated team and account manager so that you always have a central point of contact

What TopSource Worldwide provides in Armenia

  • Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
  • One point of contact – a single Account manager looking after all your Payroll.
  • Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
  • All services are provided by in-country experts that are professionally qualified in their respective fields.
  • Electronic payslips for all employees.
  • All Statutory filing completed by TopSource Worldwide.

We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.

Find out about outsourcing your payroll in…

Published date: 1st Feb 2022
Review date: 1st Feb 2023