Financials for Armenia-Ukraine-Belarus
Operating expenses for 25 and 5 employees in Armenia To operate an IT company in Yerevan , the following expenses will be needed :
25 employees 5 employees
Expenses |
Monthly ( USD ) |
Yearly ( USD ) |
Monthly ( USD ) |
Yearly ( USD ) |
Salaries $ 34,190 $ 410,280 $ 6,870 $ 82,440 Outsource of Accounting $ 100 $ 1,200 $ 80 $ 960 Rent of office space $ 2,700 $ 32,400 $ 600 $ 7,200 Utilities $ 270 $ 3,240 $ 60 $ 720 Internet $ 50 $ 600 $ 50 $ 600 Office supplies $ 250 $ 3,000 $ 50 $ 600 Other $ 100 $ 1,200 $ 70 $ 840 Total $ 37,660 $ 451,920 $ 7,780 $ 93,360
The expenses for salaries will vary according to change of organizational structure , and can be recalculated with the given average salaries .
The prices of IT company office rent varies from $ 5-15 per sq . m , thus average of $ 10 is taken in calculations .
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