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Cyprus

Global Employment Solutions & PEO in Cyprus

Omnipresent makes it fast and easy to employ remote talent in Cyprus. We take care of payroll, compliance, taxes, and admin so you can focus on growing your business.

CyprusCyprus

Omnipresent Employment Rating

Capital City
Nicosia
Currency
Euro (€, EUR)
Language
Greek, Turkish
Payroll Frequency
Monthly
Employment Costs
Termination
Population
1207361

What You Need to Know About Employing in Cyprus

Don’t risk non-compliance with local employment, social insurance, and tax regulations.

Select any of the categories below to learn more, and even review our employee cost salary calculator in Cyprus.

Quickly compare key information between top countries with our Country Comparison tool.

How it works
Employer Costs
Employee Income Taxes
Employee Social Contributions
Working Hours
Holidays & Vacation
Sick Leave Entitlement
Parental Leave
Annual Leave Entitlement
Severance Pay Entitlement
Termination
Employment Cost Calculator
Cyprus

How does Omnipresent Global Employment Solutions work in Cyprus?

Omnipresent provides global employment solutions and professional employment organisation (PEO) services for companies looking to grow and build out a global team in Cyprus. Traditional methods of establishing global employment and subsidiaries in Cyprus typically take months and can incur heavy costs. Omnipresent’s global employment solutions and PEO services is helping hundreds of organisations onboard new employees in Cyprus in a matter of days with full compliance of local labour laws. We use a tech-forward approach to streamline the process. 

  • Your company conducts the hiring and candidate selection process in Cyprus.
  • Omnipresent hires the selected candidate through our local professional employment organisation in Cyprus.
  • We take care of ensuring your new employee is hired in compliance with local labour laws, payroll regulations, benefits and more -- all without needing to set up a subsidiary in Cyprus.
  • The individual is legally contracted by Omnipresent but assigned to work for your company and reports to a manager or team in your organisation as your full-time employee.
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Employer Costs in Cyprus

Employer costs include Social Insurance, the GESY Fund, and the Redundancy Fund. Use the OmniCalculator to estimate costs or contact us for further information.

Cyprus

Employee Income Taxes in Cyprus

The rate of personal taxation varies depending on the income tax bracket the individual belongs to. This ranges between 0% - 35%.

Cyprus

Employee Social Contributions in Cyprus

Employee contributions include Social Insurance Contributions and the GESY Fund.

Cyprus

Working Hours in Cyprus

Weekly working hours including overtime for 5 days/week must be limited to 48 hours.

Cyprus

Holidays & Vacation in Cyprus

Please note that the below information covers national holidays and should be used for informative purposes only and not as a guarantee for payroll purposes. While we strive to offer you accurate information, public holidays are subject to frequent changes and can be dependent on regional differences. Should you need more detailed information on public holidays, please consult the government pages of the state and/or the local municipality of your employee.

  • Monday, Jan 01, 2024 - New Year's Day (Πρωτοχρονιά)
  • Saturday, Jan 06, 2024 - Epiphany (Θεοφάνεια)
  • Tuesday, Mar 19, 2024 - Clean Monday (Καθαρά Δευτέρα)
  • Monday, Mar 25, 2024 - Annunciation, Anniversary of 1821 Revolution (Ευαγγελισμός, Εθνική Εορτή)
  • Monday, Apr 01, 2024 - Cyprus National Day (Κύπρος Εθνική Εορτή)
  • Wednesday, May 01, 2024 - Labour Day (Εργατική Πρωτομαγιά)
  • Friday, May 03, 2024 - Good Friday (Μεγάλη Παρασκευή)
  • Sunday, May 05, 2024 - Easter Sunday (Πάσχα)
  • Monday, May 06, 2024 - Easter Monday (Δευτέρα του Πάσχα)
  • Sunday, Jun 23, 2024 - Pentecost (Πεντηκοστή)
  • Thursday, Aug 15, 2024 - Assumption (Κοίμηση της Θεοτόκου)
  • Tuesday, Oct 01, 2024 - Cyprus Independence Day (Ημέρα της Ανεξαρτησίας Κύπρος)
  • Monday, Oct 28, 2024 - National Holiday (Επέτειος του Όχι)
  • Wednesday, Dec 25, 2024 - Christmas Day (Χριστούγεννα)
  • Thursday, Dec 26, 2024 - Boxing Day (Δεύτερη μέρα των Χριστουγέννων)
Cyprus

Sick Leave Entitlement in Cyprus

No legal obligation to paid sick leave for the employer. Employees can be entitled to a statutory sick leave from Social Insurance.

Parental Leave in Cyprus

Maternity: 26 consecutive weeks, 11 are compulsory, 2 before and 9 after birth.

Paternity: 2 consecutive days.

Parental: Mother and father with 6 months continuous service entitled to up to 18 weeks unpaid parental leave for childbirth or adoption.

Annual Leave Entitlement in Cyprus

Minimum of 20 days paid leave for a 5 days/week and 24 days for a 6 days/week of full time employment.

Severance Pay Entitlement in Cyprus

Severance pay for unlawful termination and/or for continuous employment.

Termination in Cyprus

After the probation period, the termination needs to have a cause to be lawful.

Global Employment Cost Calculator in Cyprus

Estimate employment costs with OmniCalculator

Get an estimate of the employment costs for hiring in Cyprus.

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Cyprus

- annual salary
Base Salary
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Employer's Costs (Estimate)
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Social Security - Unemployment insurance contribution
GBP 695.47
Health Insurance
GBP 695.47
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VAT
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Average Monthly Employer Cost *
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Cyprus

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Grow your global team. 
Employ the best talent, anywhere in the world

The benefits of growing a global team and finding the best talent anywhere in the world are endless. It’s important to note that labour laws and regulations in Cyprus are strict with penalties for non-compliance. Let our team take care of the global employment solutions such as payroll, benefits, compliance, taxes, and admin so you can focus on growing your business. We are here to help you every step of the way.

Want to onboard an international employee today? Get started.

Omnipresent makes it easy to hire, pay, and support your international team with our top-notch services including our global EOR & PEO services. Book a call with us to start building your global team today. Book a call with us to start building your global team today.

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