Cyprus
Workforce Solutions and EOR Services

Hire and Manage your Workforce in Cyprus

Cyprus economic growth will progressively recover in 2021-2022

Low-tax environment, large fluent English-speaking population and skilled labor force are Cyprus’ main attractions according to The Economist. Their Intelligence Unit says that Cypriot policy in 2021 has been focusing on stabilizing the economy after the economic fallout from the COVID-19 crisis. From 2022, the country will restore fiscal discipline and implement structural reforms and privatization, as agreed with the EU and the IMF. The Financial Mirror predicts that Cyprus economic growth will recover gradually in 2022, driven mainly by domestic demand. Cyprus’ economic activity contracted sharply in 2020 due to the pandemic, but a 3.1% GDP rebound is expected from 2021, according to the EU Commission spring forecast. Cyprus was ranking #54 in the World Bank’s 2019 Ease of Doing Business index (Sources: Cyprusprofile, World Bank, The Economist and The Financial Mirror).

XML employs workers for you in Cyprus
Quick, Simple, Compliant.

A trusted professional employment organization with in-depth knowledge of the Cypriot market, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Nicosia or any other city in Cyprus, regardless of the size of your organisation or your industry.

Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.

Cyprus Country Information

Capital

Nicosia

Local Currency

Euro EUR

Official Languages

Greek, Turkish

Cyprus Minimum wage

Minimum wage depends on the type of work/industry.

Cyprus Normal working hours

Working hours in Cyprus are 8 hours a day, and 40 hours a week.

Cyprus Annual leave

Annual leave will depend on the type and industry. For workers who have already worked for 48 weeks and working 5 days per week, the minimum annual leave is 20 working days. For workers who work 6 days per week, the minimum annual leave is 24 working days.

Cyprus Sick leave

Sick leave and pay are not subjected to rules.

Cyprus Maternity leave

Maternity allowance is paid to natural mothers for a period of 18 weeks starting between the ninth and second weeks before the week of the expected birth. During maternity leave the employee receives 72% of their salary and it’s paid by the government. Maternity leave is extended to 22 weeks in case of twins, and 26 weeks when there are at least 3 births.

Cyprus Paternity leave

Under the condition that the couple is married, paternity leave is paid to natural fathers for a period of 2 consecutive weeks between the week of confinement and the following 16 weeks or between the week of confinement and the termination of maternity leave for the case of multiple births.

Cyprus Notice Period

Article 9 of the Termination of Employment Law 24/1967, which applies to all dismissals, provides for a minimum period of written notice for employee(s) to be dismissed on the basis of the length of service:

  • one week of notice period for 26 to less than 52 weeks of service;
  • two weeks of notice period for 52 to less than 104 weeks of service;
  • four weeks of notice period for 104 to less than 156 weeks of service;
  • five weeks of notice period for 156 to less than 208 weeks of service;
  • six weeks of notice period for 208 to less than 259 weeks of service;
  • seven weeks of notice period for 260 to less than 311 weeks of service;
  • eight weeks of notice period for more than 312 weeks of service.

Cyprus Probation period

Probation period in Cyprus will depend on the employment agreement.

Cyprus VAT

The standard VAT rate is 19%.

(Sources: Eurofound)

Unlock your business potential in Cyprus with XML International.

If you want to benefit from XML employment expertise in Cyprus, we invite you to fill the form below and we’ll get back to you shortly.

XML employs workers for you in Cyprus

Quick, Simple, Compliant

XML International, one of the best workforce solutions and employer of record services providers for Cyprus, supports the set-up and the management of your international workforce for all your activities in Cyprus. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams in Cyprus. We give you all the keys to handle you staff in Nicosia or any city in Cyprus. XML’s knowledge of Cypriot labour laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Cyprus, navigate all the local complexities and avoid pitfalls.

The Best Employment Outsourcing Solutions for Cyprus

Smart Management of your Employees in Cyprus

Among our top priorities, compliance with the Cypriot employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Cyprus is aligned with the Cypriot tax and social security rules and the latest immigration processes, including visas and work permits.

Here is the list of our core services supporting your activities in Cyprus.

• GEO Services for Cyprus (PEO and EOR)

• Contingent Workforce Services for Cyprus

• Managed Solutions Programs for Cyprus

• RPO & Staff Mobilization for Cyprus

Do Business in Cyprus, with or without creating your local legal entity

Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion into Cyprus or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Cypriot market.

 They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Cyprus without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Cyprus.

XML provides you with everything you need to start doing business in Cyprus or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Cyprus in a cost-effective way. 

Get started now and make the most of business in Cyprus today!

Local. Globally.

XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.