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So you want to hire someone in Armenia. Problem is, your company is located somewhere else.
If you’ve done some research, you’ve probably been told you should be using an Employer-of-Record (EOR). Why? Well, if your company isn’t located in Armenia, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.
But there’s a catch: EOR solutions in Armenia are expensive—usually at least $500 per month per employee—and can take time to set up. And because you’re complying with a different set of labor laws, logistics and benefits can end up costing you lots of time and money. While they will save you time from setting up your own Armenian entity, they’re rarely cheap or fast.
The good news? There’s another way to hire remote workers in Armenia, and it doesn’t involve forking out huge amounts of money for an EOR.
The solution: Hire your teammates in Armenia as contractors. If you’re hiring remotely and your teammates have autonomy, there’s a good chance you can make compliant contractor hires. You still have to use locally-compliant contracts, but the process is a lot easier, more affordable, and faster.
We built Thera to help you make contractor hires, in 150+ countries (like Armenia). So you can hire the people you want on your team, without paying thousands for an EOR. You can get set up in a couple of clicks—and you’ll only pay $49 per contractor per month.
It’s just as easy as it sounds. No catch. Here’s what Thera looks like vs. an EOR in Armenia:
Are you considering hiring independent contractors in Armenia? As a business owner or manager, you may be wondering about the best way to manage your workforce in this country. One option to consider is using an Employer of Record (EOR) service. In this post, we'll break down what an EOR is, how it works in Armenia, and the legal and regulatory conditions you need to be aware of. We'll also discuss why hiring independent contractors might be a better option for your business.
An EOR is a third-party service provider that acts as an employer for your workforce. This means that the EOR takes care of all the administrative tasks related to employment, such as payroll, taxes, benefits, and compliance with local labor laws. As the client, you retain control over the day-to-day activities of your workers, while the EOR handles the legal and administrative responsibilities.
In Armenia, EOR services are regulated by the Labor Code and the Tax Code. To use an EOR, you need to sign a service agreement with the provider, which outlines the terms and conditions of the arrangement. The EOR will then hire your workers on your behalf and take care of all the legal and administrative tasks related to employment.
One of the advantages of using an EOR in Armenia is that it can help you navigate the complex legal and regulatory environment. The EOR will ensure that your workers are classified correctly, that their contracts comply with local laws, and that all taxes and social security contributions are paid on time.
When using an EOR in Armenia, there are several legal and regulatory conditions that you need to be aware of. For example, you need to ensure that your workers have the right to work in Armenia and that they are classified correctly under local labor laws. You also need to comply with tax and social security regulations, which can be complex and time-consuming.
While using an EOR can be a good option for some businesses, it may not be the best choice for everyone. Hiring independent contractors in Armenia can be a more flexible and cost-effective way to manage your workforce. Independent contractors are not considered employees, so the working relationship tends to be more flexible & efficient—for both you and your contractors.
We’ve got two pieces of good news for you. For one, if you’re hiring remotely, it’s unlikely you’ll misclassify your contractors. Many of the things that qualify people as employees, such as company equipment and set working hours, don’t typically apply to remote work.
Still, it’s helpful to have the comfort of knowing you’re not at risk for misclassification. That’s why, at Thera, we’ve launched Misclassification Assurance: so you can hire contractors abroad, worry-free. Learn more about hiring with Thera below.
If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.
With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.
Sound interesting? Click here to book a demo and see the platform firsthand.
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