Cyprus
EOR Rate
$349
/month per employee

Hire employees in Cyprus with Employer of Record (EOR)

Employ, pay and manage talent in Cyprus without setting up a local entity.

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Country Snapshot

Currency

EUR

Timezone

EET

Minimum Wage

1,088 EUR/Month

Payroll Frequency

Monthly

Employment Type

Full-time

Cyprus is an EU country with a strategic location, offering a business-friendly environment and strong professional services sector.

General Information

CapitalNicosia
Population1,370,754
TimezoneEET
Official LanguageGreek

Employment Laws

Working Hours40 hours/week
Minimum Wage1,088 EUR/Month
Probation PeriodUp to 6 months
Notice Period1 week – 2 months

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Leave Entitlements

Annual Leave20 days
Public Holidays14 days
Sick LeavePaid
Maternity Leave18 weeks
Paternity Leave2 weeks

Social Security

Employer Rate8%
Employee Rate8%

SIF (Social Insurance Fund)

Don't have a local team yet?

Gini Talent can recruit qualified candidates and employ them through EOR in Cyprus.

Taxation

Corporate Tax12.5%

Flat corporate income tax

Termination Rules

Notice required; severance via fund

Bonus Requirements:

No mandatory bonus

Additional Information

EOR employment in Cyprus requires written employment contracts and compliance with statutory benefit rules. Payroll administration includes income tax withholding and social insurance contributions. Termination procedures are regulated, particularly for indefinite-term contracts. Non-compliance may result in labor claims. An EOR ensures compliant employment administration.

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