Investors

After the business is registered the next important step is employing staff.

Labor relationships are regulated by Labor Code of the Republic of Armenia as well as by Law on Foreigners.

 Employer-Employee relationships are based on agreement, allowed working time-40 hours per week, minimum paid vacation 20 working days, according to the Law minimum salary is 35.000 AMD, approx. 85 USD, and the average salary in the market is 70.000- 80.000 AMD, approx. 200-230 USD.

 Foreigners can work for a local company without any limitation, they need to apply for residence card or to have work permission when the procedure will be stipulated by law.

 The Government regulations for foreigners’ work permission are not finalized still and not in force.