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Speed up your global expansion! Expand smartly in 150+ countries with the #1 rated EOR globally.
Explore Multiplier EOR
Your guide to the employment landscape, working customs and local labor laws in Cyprus.
Capital
Nicosia
Currency
Euro
Languages
Greek and Turkish
GDP per Capita
$29,534.74
Employer Tax
22.9%
Payroll Frequency
Weekly or Monthly
Cyprus’ rich cultural heritage is largely attributed to its geographical location, making them the bridge between the eastern and the western countries. It is a popular tourism destination in the Mediterranean area and has been a major contributor to the country’s economy. The services sector alone makes up 74.1% of their GDP and has provided 72.9% of their working population with employment.
Major economic hubs:
Nicosia, Limassol, Larnaca
Skills in demand:
Local: 1
World: 1083
Local: 2
World: 1789
Local: 3
World: 21885
Local: 4
World: 2716
Local: 5
World: 3815
Ergodotisi ; Cyprusjobs ; Kariera
393,000
Top Local Job Boards:
Top Local Job Boards
Number of LinkedIn users:
Number of LinkedIn users
Top Recruitment Agencies:
Some of the common jobs with average monthly salaries in Cyprus are mentioned below;
| Job Title | Average Monthly Salary (EUR) | Average Monthly Salary (USD) |
| Financial Manager | 4,400 | 4655.13 |
| General Manager | 3,830 | 4052.08 |
| Business Development Manager | 3,340 | 3533.67 |
| Financial Analyst | 2,660 | 2814.24 |
| Business Analyst | 2,620 | 2771.92 |
| Project Manager | 2,410 | 2549.74 |
Expanding your business in this Mediterranean country would involve legally complying with the regulations for employing locals. This section will give the basic know-how for onboarding Cypriot employees.
There is no language requirement for employment contracts in Cyprus. It can be written in any language that the employer and employee understand.
The Probation period for newly hired employees in Cyprus ranges from 26 to 108 weeks.
| Date | Name | Type |
| 1 Jan | New Year’s Day | National Holiday |
| 6 Jan | Epiphany | National Holiday |
| 27 Feb | Green Monday | National Holiday |
| 25 Mar | Greek Independence Day | National Holiday |
| 1 Apr | National Day | National Holiday |
| 14 Apr | Orthodox Good Friday | National Holiday |
| 16 Apr | Orthodox Easter Sunday | National Holiday |
| 17 Apr | Orthodox Easter Monday | National Holiday |
| 1 May | Labour Day | National Holiday |
| 5 Jun | Orthodox Whit Monday | National Holiday |
| 15 Aug | Assumption Day | National Holiday |
| 1 Oct | Cyprus Independence Day | National Holiday |
| 28 Oct | Ochi Day | National Holiday |
| 24 Dec | Christmas Eve | National Holiday |
| 25 Dec | Christmas Day | National Holiday |
| 26 Dec | 2nd Day of Christmas | National Holiday |
| Type of Leave | Time Period | Mandatory |
| Annual Leave | 20 days | Yes |
| Sick Leave | 0 days | Yes |
| Maternity Leave | 18 weeks | Yes |
Leave Compliance
Payroll cycle
Payroll in Cyprus may be paid weekly or monthly.
Minimum wage
The national minimum wage in Cyprus is EUR 940.
Overtime pay
The standard working hours in Cyprus is 48 hours per week. Overtime pay is usually agreed upon between the employer and the employee and is not regulated by the law in Cyprus.
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| Type of Contribution | Rate |
| Social Security | 8.3% |
| Redundancy Fund | 1.2% |
| Industrial Training and Development | 0.5% |
| Social Cohesion Fund | 2% |
| General Healthcare System (GHS) | 2.90% |
| Central Holiday Fund (if company is not exempted) | 8% |
| Type of Contribution | Rate |
| Social Security | 8.3% |
| General Healthcare System (GHS) | 2.65% |
| Taxable Salary Range (in EUR) | Tax Rate | Accumulated Tax (in EUR) |
| 0 – 19,500 | 0 | 0 |
| 19,501 – 28,000 | 20 | 1,700 |
| 28,001 – 36,300 | 25 | 3,775 |
| 36,301 – 60,000 | 30 | 10,885 |
| 60,001 and above | 35 |
The standard VAT rate in Cyprus is 19%.
A 13th-month pay is not mandatory in Cyprus.
Cyprus has a comprehensive social security system that covers the following areas for participating employees:
The termination process in Cyprus is regulated by the Termination of Employment legislation of 1967. Dismissal of an employee may happen due to redundancy, resignation or misconduct.
In the case of termination due to misconduct, an employer will have a right to immediately dismiss the employee without any notice or compensation. Below are the following offences that the employee must have committed:
The notice period will vary depending on whether an employee is under probation or not. For those under probation, notice period ranges from 1 to 3 weeks. For those outside probation, notice period will be 1 to 8 weeks.
Employees terminated due to redundancy are eligible to receive compensation if they have served 104 weeks of continuous service with the company. The funds for this payment is taken from the redundancy fund that the employer contributes to each payroll period. Below is the statutory compensation:
| Years of continued service | Notice period |
| Up to 4 years | 2 weeks’ wages for each year of continued employment |
| 5 to 10 years | 2.5 weeks’ wages for each year of continued employment |
| 11 to 15 years | 3 weeks’ wages for each year of continued employment |
| 16 to 20 years | 3.5 weeks’ wages for each year of continued employment |
| 21 to 25 years | 4 weeks’ wages for each year of continued employment |
For foreigners intending to work in Cyprus, they must accomplish and apply for the following documents:
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Overtime Pay
Minimum Wage
Overtime Pay
However, there is an exception for employees working in shops and retail. Below are the corresponding pay they are eligible to receive when having an overtime.
| Type of Overtime | Overtime pay |
| Scheduled time offs, Holidays and Sundays | 200% |
| Weekdays | 150% |
Visa and Immigration
By use case
By team
By company size
Cyprus
