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Find out how Remote can guide you through the complexities of managing cross-border hiring, payroll, taxes, and compliance.

Employing in Cyprus

Cypriot labor regulations are contained in several legislations that spell out provisions for employee protections and workers’ rights applicable to Cyprus’ workforce of 440,000.

Employees in Cyprus enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.

Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Cyprus.

Minimum Wage

The minimum monthly wage in Cyprus has increased to €1,000 gross for full-time employees who have completed 6 months of continuous employment with the same employer, starting from 1 January 2024. The minimum wage for employees who have not completed the 6-month continuous employment period is set to €900.

This minimum wage does not apply to domestic workers, agricultural and livestock workers and shipping workers, as well as to workers for whom the minimum wages in the hotel industry applies.

Payroll Cycle

For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.

Onboarding Time

We can help you get a new employee started in Cyprus fast. The minimum onboarding time we need is only 7 working days.

Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.

For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.

Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.

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14 Public holidays

Competitive benefits package in Cyprus

health_insurance
Health Insurance
dental_insurance
Dental Insurance
vision_insurance
Vision Insurance
mental_health_support
Mental health support
pension_or_401(k)
Pension or 401(K)
life_and_disability_insurance
Life and Disability Insurance

Facts & Stats

The Republic of Cyprus (Greek: Κυπριακή Δημοκρατία; Turkish: Kıbrıs Cumhuriyeti) is a Mediterranean island nation nestled just off the coasts of Israel, Türkiye, and Egypt. The famed tourist hotspot is rich with history and natural beauty.

Beyond a storied cultural heritage that has been 12,000 years in the making, Cyprus is an advanced, high-income economy with an exceptionally high rating on the human development index. Free public education and low income inequality makes Cyprus an attractive market for skilled talent and multinational corporations.

Capital City
Nicosia
Currency
Euro
Languages
Greek, Turkish
Population size
1,189,265
Ease of doing business
Easy
Payroll frequency
Monthly
VAT - standard rate
19%

Grow your team in Cyprus with Remote

Want to employ workers in Cyprus? Companies hiring in Cyprus are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.

Remote can employ team members in Cyprus and keep you compliant. Remote can hire, onboard, and pay your Cyprus team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Cyprus. Sign up now to get started or talk to an expert for more details.

Risks of misclassification

Cyprus, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Cyprus may lead to fines and penalties for the offending company.

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Transparent Pricing in Cyprus

Payroll

29

per employee/month
Book a demo
  • Powerful, transparent international payroll
  • Simple self-service platform
  • Personalized support from dedicated specialists
  • Adhere to local payroll regulations in every country
  • Integrated payroll, expense management, and HRIS solution
Contractor Management

29

per contractor/month
Book a demo
  • Only pay for contractors you actively work with
  • Work with international contractors
  • Create, edit, and sign tailored, localized contracts
  • Approve contractor invoices with one click or auto-pay
  • Transparent payments with complete visibility
Employer of Record

699 599

per employee/month
Book a demo
  • Hire without opening a local entity
  • Guided onboarding
  • Local payroll paid on time, every time
  • Built-in security and compliance
  • Flexible, localised benefits
  • Offer equity incentives with tax assistance
  • Dedicated experts for local support
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