Cyprus EOR & PEO

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Hire in Cyprus

Horizons ensures day-to-day guidance to help your business navigate Cyprus labor laws and regulations. Horizons also ensures payroll is processed weekly or fortnightly (the standard periods in Cyprus ), and that taxes are withheld as required. As the Cyprus Employer of Record, Horizons is responsible for employee income tax withholding, payment of payroll taxes to state authorities, and submission of tax returns to the Cyprus Tax Office. Partnering with our Cyprus EOR is the quickest and most cost-effective way to enter the Cyprus market.

Note, a Cyprus Employer of Record is also known as a Cyprus Professional Employer Organization (PEO).

Facts & Stats

stay compliant with Cyprus labor laws

Employment Laws

Cyprus employment contracts

Technically, employment contracts can be oral or written in Cyprus. However, we recommend that you always provide a formal written contract for every employee you hire in the country. The contracts should cover important details such as compensation, working hours, benefits, and entitlement. Additionally, they should be written in either Turkish or Greek and use the currency of the euro.

Fixed-term

Indefinite

Working hours in Cyprus

As with much of Europe, the standard working week for employees in Cyrpus is 40 hours spread across five days. Including overtime, the maximum number of working hours is 48 hours per week.

Holiday Schedule in Cyprus [2024]

Cyprus has a range of national public holidays that are celebrated annually. In 2024 these holidays are:

Date	Holiday name
1 Jan Monday	New Year’s Day
6 Jan Saturday	Epiphany
18 Mar Monday	Green Monday
25 Mar Monday	Greek Independence Day
1 Apr Monday	Cyprus National Holiday
1 May Monday	Labour Day/May Day
3 May Friday	Good Friday (Orthodox)
6 May Monday	Easter Monday (Orthodox)
24 Jun Monday	Orthodox Pentecost Monday
15 Aug Thursday	Assumption of the Virgin Mary
1 Oct Tuesday	Cyprus Independence Day
28 Oct Monday	Ochi Day
25 Dec Wednesday	Christmas Day
26 Dec Thursday	Boxing Day

Vacation in Cyprus

Employees in Cyprus are entitled to at least 20 days of paid vacation leave per year after working with an employer for at least 48 weeks out of a year. For employees who work six days per week, the entitlement is 24 days of vacation leave.

Cyprus's healthcare system

Sick leave in Cyprus

Employees in Cyprus are not paid for the first three days of absence through sickness, although it is fairly common for employers to cover this period voluntarily. Up to 156 days beyond this are covered by social insurance, and this can extend to a further 156 days if the employee is deemed suitable for special incapacity pension payments.

Maternity and paternity leave in Cyprus

Employees in Cyprus are entitled to 18 weeks of paid maternity leave, which must begin two weeks before the birth. Payments are covered by a maternity grant.

Either parent can take a further 18 weeks of unpaid parental leave if they wish.

Employee severance and terminations in Cyprus

The mandatory minimum notice periods of termination depend on the employee’s length of service with their employer. For between six and 12 months of service, the notice period is one week. This entitlement gradually rises up to eight weeks of notice after six years of service.

Severance payments also vary depending on the employee’s length of service. For up to four years of service, the payment is two weeks of pay. This increases up to four weeks of pay for employees with over 20 years of service.

Standard probation periods are limited to six months, but may be as long as two years if agreed upon by the employer and employee.

Tax laws in Cyprus

Employers and employees must make various mandatory contributions. Both must pay 7.8% to social insurance. Additionally, employers must pay 0.5% to the Industrial Training Fund 2% to the Social Cohesion Fund, 1.2% to the Redundancy Fund.

Income tax in Cyprus is progressive, ranging from 0% to 35% depending on income level.

Corporate tax in Cyprus is 12.5%.

Health insurance in Cyprus

Cyrpus has a combination of public and private healthcare, so many employers choose to offer private medical insurance to employees as part of their benefits packages.

hassle-free Cyprus compensation & benefits

Compensation & Benefits

Compensation laws in Cyprus

The regulations for minimum wage in Cyprus are complex, with different minimums for different types of work and no regulations for some. The starting wage is 885 – 940 EUR per month for certain occupation. For this reason, you should carefully determine what specific rules apply to your organization and its employees when hiring in Cyprus.

Benefit management in Cyprus

Setting up a system of employee benefits for your employees in Cyprus can be difficult. The complex regulations and organization can require a lot of time, effort, and investment on the part of employers.

At Horizons, we specialize in establishing and running Cypriot employee benefits systems. We’ll handle everything, using our experience to ensure you are ready to commence operations in Cyprus quickly and efficiently.

Cyprus Employer Of Record Peo

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Hire in Cyprus

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Working hours in Cyprus

Compensation & Benefits

Frequently asked questions

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Frequently asked questions

What is the difference between a Cyprus PEO and a Cyprus EOR?

Generally speaking, the terms “Cyprus PEO” and “Cyprus EOR” are used interchangeably.

Can an EOR in Cyprus hire both local and foreign nationals to work in Cyprus ?

An EOR in Cyprus can feasibly hire both local and foreign nationals to work in Cyprus.

However, the ability of Horizons to sponsor your foreign national employee in Cyprus may be limited due to visa quotas practiced in many countries.

Contact us with your requirements and our Global Mobility team with review the case and get back to you within 2 business days.

How long does Horizons' Cyprus EOR service take to hire an employee?

In most cases, Horizons’ Cyprus EOR can hire & onboard your employee within 24 hours. The actual start date of the employee will depend on their notice period obligation to their previous employer as well as any relevant hiring rules in Cyprus.

Is it possible to get a work visa in Cyprus ?

It is possible to get a work visa in Cyprus. Horizons’ Global Mobility team is a dedicated team of work visa experts. They assess the details of each case to determine feasibility and costs before Horizons applies for the work visa on behalf of your employee. If the Global Mobility team determines that your case is feasible, the process is smooth and transparent. Visa spots in Cyprus are limited, however—get started today to secure your employees’ visa spot.

Cyprus EOR & PEO

Start hiring in Cyprus

SIMPLE, COMPLIANT HIRING WITH HORIZONS EOR

Hire in Cyprus

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stay compliant with Cyprus labor laws

Employment Laws

Cyprus employment contracts

Fixed-term

Probationary period

Termination notice period

Severance

Indefinite

Probationary period

Termination notice period

Severance

Working hours in Cyprus

Vacation in Cyprus

Cyprus's healthcare system

Sick leave in Cyprus

Maternity and paternity leave in Cyprus

Employee severance and terminations in Cyprus

Tax laws in Cyprus

Health insurance in Cyprus

hassle-free Cyprus compensation & benefits

Compensation & Benefits

Compensation laws in Cyprus

Benefit management in Cyprus

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