CYPRUS PEO & EOR
Hire in Cyprus without
a local entity today
As a Global PEO & EOR service provider, we pride ourselves on our global reach, in-country knowledge, and ability to swiftly and efficiently mobilize workers around the world. Our robust PEO/EOR covers everything from global HR, payroll, compliance, in-country support, immigration, visas, and more.
Get started and hire in Cyprus today with Gibson Watts Global.
DID YOU KNOW
- Cyprus is one of the world’s oldest wine producing regions and archaeological evidence suggests winemaking on the island goes back more than 5,000 years.
- The Akamas Peninsula on the west coast is a biodiversity hotspot with rare endemic plants and important sea turtle nesting beaches.
- Cyprus is the only EU member state that is also an island divided into de facto southern and northern administrations, giving it a unique geopolitical and cultural landscape.
Forget software,
this is expansion
with a human touch
CYPRUS EOR Services
An EU gateway in the eastern Mediterranean
Cyprus combines EU membership, an entrepreneurial services economy and favourable tax and corporate frameworks, making it attractive for regional HQ, professional services and fintech activities. However, local labour law, social insurance rules, statutory benefits and immigration procedures require specialist handling to ensure compliance. Partnering with Gibson Watts Global as your Employer of Record in Cyprus lets you hire and onboard quickly while we manage payroll, social insurance filings, employee contracts, statutory leave administration and work permit support. We handle local HR administration and compliance so you can focus on growth.
Working in CYPRUS
Financial Year Dates
The fiscal year runs from 1 January to 31 December.
Minimum Wage
Full-time employees are entitled to a minimum gross wage of €1,000/month. Employees in their first six months with the employer may receive €900/month.
Standard working hours
Normal full-time working time is 40 hours per week, typically five days of eight hours each. The law allows averaging up to 48 hours per week over a reference period including overtime.
Overtime
Hours worked beyond the standard weekly limit must be compensated at premium rates or by compensatory time off.
Holiday Allowance
Full-time employees working a five-day week are entitled to a minimum of 20 working days of paid annual leave.
Sick Leave
Sickness benefits are provided through the social insurance system subject to medical certification and qualifying contribution periods.
Maternity & Paternity Leave
Maternity leave is 22 consecutive weeks for the birth of the first child or via surrogate, and 20 weeks for first-child adoption, under law changes effective from 1 March 2024.
Public Holidays
Cyprus observes national public holidays including:
- New Year’s Day
- Epiphany
- Greek Independence Day
- Cyprus National Day
- Good Friday
- Orthodox Easter Sunday and Monday
- Labour Day
- Whit Monday
- Assumption Day
- Independence Day
- Christmas Eve
- Christmas Day
- Boxing Day
Social Contributions
Employee contributions
Employees pay social insurance contributions (pension, health etc.) at approximately 8.8 percent of gross remuneration, subject to the insurable earnings ceiling set for the year.
Employer contributions
Employers pay the same 8.8 percent for social insurance plus additional employer levies including funds for redundancy, training and other statutory funds. Some employer charges are calculated without ceiling.
Income Tax
Cyprus applies progressive personal income tax rates for residents. Rates begin with a tax free threshold; top marginal rate is 35 percent for higher income brackets. Residents are taxed on worldwide income; non-residents on Cyprus-source income.
Health Care
Cyprus provides public health services and social insurance covers medically related benefits for registered employees. Many employers also offer private medical plans as a supplement to the public system for faster access or expanded coverage.
Visas
EU, EEA and Swiss nationals do not require a work visa. Non-EU nationals generally require a work permit and residence visa to be employed in Cyprus.
13th salary?
Cyprus does not have a statutory 13th-month salary obligation in the way some countries do.
Cultural Information
Cypriot culture is a Mediterranean blend of Greek, Turkish, Middle Eastern and local island traditions. Family and community lie at the heart of daily life and social relations. Food is central to social gatherings and regional cuisine features halloumi, meze plates, octopus dishes, fresh seafood and traditional sweets such as loukoumades and baklava. Religious festivals and village feasts remain important community events and Easter and Christmas are celebrated with distinctive local customs.